How do you know what strike price to buy?

[tradingacct1]

I never knew how options traders buy their strikes based on what merit. What price?
How do you know it's the right price to buy at for your strategy?

Puts are another thing and shorting, well, naked is just a no brainer.

But buying calls, buying puts? Old school style. How do you know what to buy?

 

[Handle123]

How about reading some books like the rest of us?

 

[tradingacct1]

How about reading some books like the rest of us?

For one that doesn't have time, I ask but a simple question to a public forum.

 

[Handle123]

And I gave you a simple answer, you might not have liked it, and if you don't have the time to read books and study, you become like the other 95%.

 

[JackRab]

Why is selling puts a no-brainer?

 

[zdreg]

For one that doesn't have time, I ask but a simple question to a public forum.

if you don't have time to learn a profession then the profession is not for you.

 

[FreakofNature]

I never knew how options traders buy their strikes based on what merit. What price?
How do you know it's the right price to buy at for your strategy?

Puts are another thing and shorting, well, naked is just a no brainer.

But buying calls, buying puts? Old school style. How do you know what to buy?

Not a profession for lazy individuals, I know of a few hard working ones that still suck at it, cant imagine lazy!

 

[tradingacct1]

Just a question. Not looking to options trade full time or anything but am "feeling the waters".

Re: puts no brainers. I meant to add calls as well because usually they expire worthless so I would imagine shorting would be an optimal strategy.

 

[tradingacct1]

How about reading some books like the rest of us?

What would be some good books on the subject?

 

[zdreg]

Just a question. Not looking to options trade full time or anything but am "feeling the waters".

Re: puts no brainers. I meant to add calls as well because usually they expire worthless so I would imagine shorting would be an optimal strategy.

the markets are just waiting for your arrival or perhaps they will just send you a check in the mail.