Options trading can be a gamble, but they can also be an investment. Watch this video to learn how to look at option trades, whether you are buying an option or selling an option. Learn more.
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Can you recommend a good book on option trading?
For rule 1 style options trading, do you first need to own, or have the money to own 100 shares of a company (1 contract = 100 shares)? Are these called covered calls and cash secured puts?
Phil you mentioned on one of your earlier podcasts, "how to make your first trade" that if you had less than $100k you would use options to grow your fortune until that point.
Could you educate us on how exactly you would do that if say you started with $1000-10000 today? I think there would be a lot of demand for a mini series of that whether it be on YouTube or the podcast.
Thanks in advance!
$4.50 x 100 contract = $450 profit
Nice! I like how Phil super simplifies things. My way of learning