Is there a good website to learn about option trading?

Question

something even a dummy like me can understand?

Answer 1

The best site to start is
http://www.888options.com/

This is site is sponsored by options industry council and Options Clearing corporation, so they don't try to sell you their brokerage services, but instead teach you about options. Read it carefully, the offer free DVDs I think some seminars, it's very helpful.
Now yes, it is possible to lose a lot of money with options, but you can also use options to limit your exposure to market swings, so learn about it and good luck. Options trading is very exciting.

Answer 2

I implore you to do some research before getting into the muddy waters of options.

The wild claims you hear about making millions with no risk are hooey. Options are dangerous and volatile and there is great risk of losing huge sums of money.

http://www.cnbc.com/
http://www.tradingmarkets.com/options-trading.cfm

Fair warning:
There are experts who have been working the options world for longer than you have been alive, if you don't know what you are doing, you will end up broke.

Answer 3

You have to be a very good technical trader to play options. I suggest you to get trained by a professional options trader.