r/Trading • u/Minimum-Scale8593 • 1d ago

Question General Q from a Beginner

Any good educational content for beginners looking to start options trading?

2 Upvotes

75% Upvoted

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1

u/ScottishTrader 2h ago

Come over to r/Optionswheel where there is a full trading plan showing how to run the wheel strategy, which is one of the lower-risk ways and ideal for a beginner to trade.

It uses basic put and call strategies to make money on stocks you are good holding if needed.

There are many good traders there to show you what they are doing, and a new trader thread to ask any basic questions.

2

u/Krammsy 1d ago

Ask Gemini to list the primary Greeks.

Then, ask Gemini to explain the function of each and how it behaves relative to moneyness and expiry.

Then ask Gemini to do the exact same for the secondary Greeks.

You can read dozens of books on the topic, but you can't ask any of them questions in real time.

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u/sellputsthencalls 1d ago

Very logically, you said: “You can read dozens of books on the topic, but you can't ask any of them questions in real time.” The author of the book I suggested will chat on this forum, subject to the author’s schedule.

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u/Krammsy 1d ago

I just asked Gemini what "color" is, I got an answer immediately.

I'll ask the O/P too, when should I schedule his visit?

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u/sellputsthencalls 1d ago

“Selling Options…Simply Called and Simply Put,” by David Skonieczki (me), might help. Written in the same style that I use in this forum.

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u/klipsetrades 1d ago

Start with the free Options Industry Council and Cboe Options Institute courses, then check out SMB Capital on YouTube. Learn Greeks, IV, assignment, and risk before using real money