I need to learn how to do this .....Is there a web sight or is there a person out there that would teach me....
2007-02-18 00:39:35 · 5 answers · asked by DR.Frankie 2 in Business & Finance ➔ Investing
www. Hoadley.com or www.888options.com are sights that give you good explanation of the option mechanism. You can also try out the Chicago Board of Options Exchange website which will be something like www.cboe.net or com.
Learning to trade if you don't know anything about it is difficult, then it is by practice one learns. Read as much about it as possible in these websites and most of them has virtual games which simulates real life trading or you can plug in numbers as you learn and get feed back on prices, volatility etc; which will give you insights into trading. Even if you learn the mechanics of options and trading then strategies might be difficult which will take some experience to execute as and when which strategy is required. There is also a sight called I don't remember exactly but it goes something like www.optionspedia.com or www.optionstradingpedia.com which gives you different strategies. In case you need to know something in particular after all this feel free to email me your question, I shall try to answer you as best as possible for you to understand.
2007-02-18 03:26:29 · answer #1 · answered by Mathew C 5 · 1⤊ 0⤋
IF you're not careful, you can lose your shirt in options.
To be successful, you really have to do your homework. Properly chosen, options are no riskier than stocks.
Don't even THINK about selling calls/puts for at least two years of active option trading. Odds are that your brokerage won't even let you sell options for a while.
The web sites mentioned are good. Also look at "Option Trading for Dummies", etc.
2007-02-19 13:20:33 · answer #2 · answered by ckm1956 7 · 1⤊ 0⤋
Do not listen to what people say, Stock Options can be very profitable, it can also be very safe, namely safer than stocks. I would recommend getting a book instead of online so you get a good all around knowledge of strategies.
If you still would like to read online visit www.cboe.com
2007-02-18 16:06:43 · answer #3 · answered by Ruben G 2 · 0⤊ 1⤋
The Options Industry Council site
http://www.888options.com/
has a lot of information available to teach you about options.
However, I strongly urge you to read at least one good book on options before you try trading them.
2007-02-18 02:57:07 · answer #4 · answered by zman492 7 · 0⤊ 0⤋
Why do you "need" to know this? These are complex instruments (complex to truely understand them) and if you do not REALLY know what you are doing, you can not only lose all of your money, you can actually lose MORE than you have.
Just give your money away now if you are going into this if you do not have a lot of experience investing in stocks.
2007-02-18 00:55:26 · answer #5 · answered by NYC_Since_the_90s 6 · 1⤊ 1⤋