Where do I start?

Cswim63 said:
... Options:_Perceptions and Deceptions. Can't remember author except his first name Charles...
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That author is Charles Cottle. He was giving away his book for free at one time, but I don't know if he still does.

My favorite books are Sheldon Natenberg's for basic options trading and one or two of Jeff Augen's for ideas. But I haven't found the lengendary cookie-cutter that you can replicate to pull the big bucks out of the market.

I recommend trying stuff, but keep it small, because trying stuff is an expensive way to learn. The hard part is visualizing how and why option prices change as they do. And I don't think one can get that by studying option models or by reading a book.
 
rwk said:
That author is Charles Cottle. He was giving away his book for free at one time, but I don't know if he still does.

My favorite books are Sheldon Natenberg's for basic options trading and one or two of Jeff Augen's for ideas. But I haven't found the lengendary cookie-cutter that you can replicate to pull the big bucks out of the market.

I recommend trying stuff, but keep it small, because trying stuff is an expensive way to learn. The hard part is visualizing how and why option prices change as they do. And I don't think one can get that by studying option models or by reading a book.
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Thanks for the info rwk. I once asked Mickey Hoffman for more books to read and he suggested that book. Mickey ran a course to teach floor traders how to trade in Chicago. He probably taught half the floor traders the hand signals necessary to trade. Mickey if you're out there I want my Jimmy Sloman book back.--Swimr
 
rwk said:
That author is Charles Cottle. He was giving away his book for free at one time, but I don't know if he still does.

My favorite books are Sheldon Natenberg's for basic options trading and one or two of Jeff Augen's for ideas. But I haven't found the lengendary cookie-cutter that you can replicate to pull the big bucks out of the market.

I recommend trying stuff, but keep it small, because trying stuff is an expensive way to learn. The hard part is visualizing how and why option prices change as they do. And I don't think one can get that by studying option models or by reading a book.
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Not everyone is visual or trades visually, rwk. But I am/do. Don't trade options now, but I use the same visualization skills in currencies. When I'm on its scary--i can look at a chart and see what's most likely to happen. The key is understanding that's not always there. Sometimes it seems so obvious I question whether everyone else sees it too.--Swimr
 
Cswim63 said:
Not everyone is visual or trades visually, rwk. But I am/do. Don't trade options now, but I use the same visualization skills in currencies. When I'm on its scary--i can look at a chart and see what's most likely to happen. The key is understanding that's not always there. Sometimes it seems so obvious I question whether everyone else sees it too.--Swimr
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As a seller of option premium, You take benefit of Time Decay
As a writer of Puts and Calls , You can win on both side , But hence You cannot lose on the two sides.
 
Lewenhaupt said:
Hi,
For some time I've been wanting to start trading options, mainly because I'm intrigued by the way you can strategize with options as opposed to stocks. I have a basic understanding of how options are priced and what the greeks are but I need to learn more. I've wathced a lot of YouTube-videos and tried to absorb the valuable information and disregard the bs but I feel I need another source of information and also being able to test theories that comes up.

So my question to you guys is, what's your best source of knowledge about options and can you recommend me an international broker that has demo-accounts with options?

Regards
Hugo Lewenhaupt
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Look videos on YouTube about "Double Vertical Spread", "Iron Condors" and "Iron Butterfly".
Take advantage of "Credit Spreads" in the same time with Puts and Calls.
 
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