Code:11 cases a Put seller should know: [...] Created 2022-07-15-Fr by earth_imperator @ elitetrader.com (c)
I second @BlueWaterSailor , don't wanna discourage learning but this is not the way to go. There's two ways to go if you are serious, otherwise do continue with "look mummy what I drew in kindergarten today!". Some nicer guys will give you a mercy "aww, so nice Tommy, keep up the good work" but guys like @MrMuppet who from what I recall are quite handy with quant-level math, don't have the patience and the character to give you a fake complaisance.
So here they are:
1) Scrap your pockets for $16,000 and take this course: https://www.cqf.com/about-cqf/financing-cqf/fees
It shows that you both have the mental capability to understand options and the lavish money to frame it on the wall (the certificate you receive).
2) If you only got the brains but don't swim around in money, learn it the proper way. Scrap your pockets for 60 bucks and buy this:
.
Read the material on futures and forwards then on options, Black-Scholes model and replication of option payoff through delta hedging. Since you're at it, read afterwards the chapter on variance swaps and replication of volatility. After you complete this AND UNDERSTAND IT, you're minimally ready to move on to actually attempting to trade some options and ask questions about it without sounding overly pathetic.
But my bet is you'll continue to f*ck around because you either can't (99% probability) or just won't do what it takes to understand derivatives properly.
own opinion, so thanks as well for yours... 