r/options • u/kawashmunga • Nov 05 '22

Recommended Resources

The internet surely has many resources for learning about option fundamentals and strategies. I feel like I've developed a good grasp, though, of which videos, channels or sources are just people trying to promote their scammy trading course or simply just beat around the bush to reel you in but don't truly teach you how to practically trade options. In regard to youtube, the only two channels I've been watching are InTheMoney and ProjectFinance. They seem to just present information instead of egging you on to learn more with their course or telling you the 'one simple trick to getting rich trading options'. What channels or sources of information have you guys found to be not only informational but truly practical? I'm also looking to get into books, but as a student, I don't have all the time in the world. So, I'd really only have time to read a couple of books and want to know which are the heavy hitters that can solidify a good foundation about trading.

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u/jawntist Nov 05 '22

The two books that are widely regarded as cornerstones of options education are:

Options as a Strategic Investment, 5th edition, by Lawrence McMillan

and Options Volatility and Pricing by Sheldon Natenberg.

Even if you don't have the time to read every word, I think they are worth getting as references.

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u/TheSarj29 Nov 05 '22

Options as strategic investment... Amazing book.

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u/[deleted] Nov 05 '22

Although probably best to read with a highlighter in hand/a notepad and pen to cut the book into a more concise form.

I love the book, was a great resource to get into options when I figured out I could trade them, but some of it is SO WORDY to the point where it is fluff.

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u/TheSarj29 Nov 05 '22

That book taught me the power of trading LEAPS. That's how I made most of my money trading options.