Starting to learn options (where to start)

[poorloser]

c) Selling naked puts and naked or covered calls are very popular, but no one seems to have proven that results can be better than simply owning shares of stock.

Max Ansbacher

 

[lightninboy]

If you can't make it in covered calls there's a good chance you won't make it in any other strategy. But The Wheel is a defective strategy. You shouldn't buy a stock just because you got stuck with it on a naked put. And naked puts may not be the best use of your capital for the return you get on them.

 

[guru]

Max Ansbacher

His books were published in 1970s/1980s, with the last one refreshed in 2000:
https://www.amazon.com/s?i=stripbooks&rh=p_27:Max+Ansbacher&s=relevancerank&text=Max+Ansbacher

The reviews don't indicate great performance of his strategies, while during those years even many floor traders were making money on everything due to wide bid/ask spreads and options mispricing. Things have changed a lot since then.

 

[vegamedic]

Thank you, very helpful I am sure your other 78 posts must be great posts!

my point is that there's one of these threads every month or two and the answers tend to be the same. you'd get help faster by crawling the search than waiting for replies in a new thread.

 

[.sigma]

Read this forum day and night.

Read a bunch of books.

Keep going. That's what I did. The learning curve will take years.

 

[.sigma]

my point is that there's one of these threads every month or two and the answers tend to be the same. you'd get help faster by crawling the search than waiting for replies in a new thread.

Yeah but theres a human born every day.

If nobody created new threads and just searched old ones this forum would be dead in a week.

Theres always somebody new to a trade (no pun)

 

[Baozi]

Yeah but theres a human born every day.

If nobody created new threads and just searched old ones this forum would be dead in a week.

Theres always somebody new to a trade (no pun)

I also agree with that statement. When I started dabbling with options there were a few ET members that really helped me a lot and pointed me in the right direction, despite the fact that I was probably asking questions that 999 people had already asked before me. Eventually, I also discovered the "search" button..