Options education recommendation

[23window]

I have a very rudimentary understanding of options trading and strategies, but no practical experience. I would like to learn more before I put a toe in the water. Are their books or online resources the options experts here would recommend?

 

[finnski1]

I have a very rudimentary understanding of options trading and strategies, but no practical experience. I would like to learn more before I put a toe in the water. Are their books or online resources the options experts here would recommend?

Well first of all I am far from an expert but have done some options trading. Mostly simple calls and put buying and selling. Some of the brokerages have a "paper trading platform" that allows you to actually do practice trades with no money involved. You could learn a lot that way by actually acting like they are real trades and see how you would react/trade. I use mostly TD Ameritrade and like the thinkorswim platform they have. I also use Fidelity just because I have more money with them than Ameritrade and can do a little more aggressive tactics because of that.

 

[MRG]

Seems like I used this site years ago.

https://ww2.cboe.com/education/online-courses

 

[clobber]

TD Ameritrade has a very good options course in their education center.

Once you understand a little bit, Don Kaufman has some good videos on how to actually do stuff in ThinkORSwim trading platform.

 

[Sunset]

My best education was to lose my money on my first option trade

That taught me to be a LOT more careful.

Let us know what you find to be a good educational resource, as I'm sure I could use some education.

 

[Rhino1979]

Tastytrade.com has a very good learning section as well

 

[mn54]

there are many good educational and instructional videos on youtube .

 

[OverThinkMuch]

You can poke around Investopedia for some of the basics, like owning 100 shares of a stock, and then selling a call option on the same stock:
https://www.investopedia.com/terms/c/coveredcall.asp

After visiting random descriptions for awhile, I eventually wound up buying a book ("Understanding Options") to help put it together.