Stock Options Trading. Any Book Or Web Site Recommendations?
Hi all,
I’m relatively new to options trading. I was wondering if anyone had any suggestions for books or web sites relating to options strategies.
Thank you in advance!
Hi all,
I’m relatively new to options trading. I was wondering if anyone had any suggestions for books or web sites relating to options strategies.
Thank you in advance!
Before you buy an security either as a trader or as an investor you should know what you’re doing, why you’re doing it and how to do it.
Rather than get into specifics and confuse the issue, here are some websites you might find helpfulhttp://www.cboe.com/tradtool/marginmanua…http://ecfr.gpoaccess.gov/cgi/t/text/tex…http://www.theoptionsguide.com/stock-opt…http://www.optionseducation.org/basics/d…http://www.optionseducation.org/strategy…
Once you start to feel comfortable take a look at some of thesehttp://www.schaeffer.com/ http://www.zacks.com/ http://screen.morningstar.com/StockResul…http://www.options-trading-advice.info/http://www.optionseducation.org/
You at least have made the right decision to start investing, this is the first big step and it won’t be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest.
Good luck on your journey
Congrats on not being afraid to jump into the realm of options. There is much to know about it and the opportunity for reward is excellent, along with the opportunity for much risk as well. Being a wise investor will take care of that however.
To get started with options I found the biggest help was to obtain a copy of the series 7 exam cram book. This sounds a little over board but hear me out. If you’re not familiar with the series 7, this is the exam all stock brokers must pass. in the exam cram book is an entire section on options, explaining how they work, how to profit and limit your risk with them. This truly is an excellent book for anyone beginning any sort of investment endeavor, whether it be stocks, bonds, mutual funds or options.
Next, you will need a platform to do your trading on. If you haven’t chosen one already I higly suggest TD Ameritrade. They have teamed up with Think or Swim and the Think or Swim trading platform is phenomenal! Use the paper money trading account to practice your options ideas and strategies before you begin with real money. This will help you understand how options move in price and their volatility.
If you have any other questions feel free to send me an email as I would be glad to help out!
Good Luck!