DislikedI have zero expirience in options trading,,,,,i am going to try the demo of TOS and read options course buy geroge fontalis,,,,,
honestly i dont think i will understand untill i try and burn some paper money,,,,
there are too many factors,,,,deltas,,,IVs,, so this is nothing like forex,,,Ignored
If you're just starting, good luck man!!
- Read the book you mentioned. Remember, it's ONLY a reference. Each book will give you something, but it represents the ideas of the author. Your style could be completely different. FIND YOUR STYLE.
-Go to CBOE and view their online tutorials. Read about contract specs, familiarize with options lingo.
-As soon as you read your book, and are comfortable with the lingo, bookmark a page like optionmonster (or the cboe page). Check out the options for different underlying assets, and see how they are priced.
-Start papertrading IMMEDIATELY. Get prices from previous post sources, and papertrade your strategy. See what happens. Remember: YOUR STRATEGY IS THE MOST IMPORTAND FACTOR (ok, along with your ego).
-Do NOT get into much detail with deltas, thetas, IV and all of that. They ARE important but not for now. For a newcomer, the most important figures are OpenInterest (you need liquid contracts), and Expiration. When you are proficient in trading, you will have the ability to decide how big part of your strategy will IV and greeks will be.
famagusta