Like i said, the best way to learn options is to learn ONE key term at a time. 1 day per term. I never read a single option book. they have WAYY too much noise & are boring as shit. information overload. Im not joking when I say that u can learn all the basics in less than 7 days
https://twitter.com/CMSCrsr/status/1398764993735237632
Also u learn by DOING, not reading or hearing. So once u learn the basics, open a shitty small account to practice with. Fund it with "throw away money" (like $1K) and just practice each week. I dont care if u have to risk $25 to make $75 or $50 to make $150. Get ur feet wet
As a beginner u only need to learn 2 things:
✅how to buy naked calls & puts
✅how to buy call debit spreads & put debit spreads
Example this friday's $AAPL 122/123 put debit spread only costs $20 per contract. if $AAPL closes under 122 this fri u'll make $80. that's a 4:1 RR.
✅how to buy naked calls & puts
✅how to buy call debit spreads & put debit spreads
Example this friday's $AAPL 122/123 put debit spread only costs $20 per contract. if $AAPL closes under 122 this fri u'll make $80. that's a 4:1 RR.
if u're bullish & think $AAPL will close above $130 this fri, the jun 4 129/130 call debit spread LITERALLY costs $0.04 right now ($4 per contract).
If u're right & $AAPL closes above $130 this fri u'll make $96. u risked $4 to make $96 (or $40 to make $960 if 10 contracts).
If u're right & $AAPL closes above $130 this fri u'll make $96. u risked $4 to make $96 (or $40 to make $960 if 10 contracts).
Same with every other liquid stock or ETF ( $FB $MSFT $AMZN $SPY ) etc. just practice weekly with pussy size. if u jump in right away with size i guarantee u that u'll get butt fucked & think "options are not for me". no motherfucker, you were just too impatient
#BearTipOfTheDay
#BearTipOfTheDay
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