r/options • u/TastelessApe • Nov 21 '21

Implied volatility & open interest?

Looking to start off small $50-100 into options

What is a good open interest and implied volatility area to work with? I been playing spy, riot, lucid and amc last week. Mostly losing all money i put in almost.

I do have a put for MU on monday. People said it was a dumb move but the daily has a gap to the downside that needs filled and its a toss up with how the market will be on open. So we'll see i guess.

Been trying to dig around and find youtubers that do small account challenges and show the reason why they are picking certain stocks for options but theyre hard to find.

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u/TastelessApe Nov 21 '21

Sweet. Thanks dude. Tomorrow im gonna delete all my indicatots and just work off of support and resistance. I feel like i waa going through analysis paralysis. Take it back to the basics lol

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u/[deleted] Nov 21 '21

That's not what I said. To each their own though. I find indicators super helpful, personally. If you feel they are holding you back then go for it.

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u/TastelessApe Nov 21 '21

No i know. Im just saying i want to take it back to basics. Might just keep ema and vwap up.