OptionGig

Steps for getting started in options trading?

Step 1 : Be clear on motivation behind learning options trading. Options trading will need time and effort and you need to have strong enough motivation to do that. Without enough motivation, you will not see it through.

Step 2 : If you are sure you want to do it long term and willing to put in effort, next comes the education part. There are many free resources on web/YouTube about options trading. Though you’ll need to sift through them, arrange them in order so you can learn to first take a step, then walk and then run. Doing it in reverse way will be frustrating. I had gone through some of these frustrations and that’s why I created this series to help newcomers. All for free !!

You should become familiar with at least all the beginner module before you start trading

Step 3 : Become familiar with your trading platform. Some of the platforms provide paper trading capability, so use it. It is important to get this stuff out of way before you start trading lest you end up fat-fingering a trade

Step 4 : Start trading. Start small with simple strategies like cash secured put (for the stocks that you want to own) or covered call (for the stock that you own already and want to sell). Next start doing spread trades. Then eventually graduate to other option trading strategies.

Assignments tends to surprise new option traders. Early assignment  throws even seasoned option traders into tizzy. 

Don't be one of them.  If you have a short call trade, then view this video to find out if your trade is at risk of early assignment.

If you have any questions, please write it in comments or email it to [email protected].   Find more videos and education content at www.optiongig.com - all for FREE !!  

Please subscribe OptionGig on YouTube : https://www.youtube.com/channel/UCzRV68jzvb3R7OSdTrFBASw

The first step in Options Trading journey is to enable a trading account for options.

Each brokerage firm in US have defined certain levels of Options Trading which will allow you to execute certain type of option trading strategies.

In this episode I'll discuss the following:

I received the annual report from Berkshire Hathaway. The most interesting part is the annual letter. There are many hidden gems aka investing advice in the letter that are very beneficial for every retail investor/trader.

Hope you'll enjoy this. 

Watch this on YouTube : https://youtu.be/dMQLD4rI_Mw

In this episode we do a quick overview of the previous week.  We cover following segments :   

Major Market Moving News : We quickly glance at major market news   

Market Performance for the week : We review how major ETFs based on broad market indices have performed for the previous week  

Trade Summary : A quick glance on my trading activity for the week  

Thought of the week : Every week I pick up a relevant topic to discuss with fellow retail traders. That could be an inspirational, educational or any other contextual topic. 

Trade Analysis : We review the journey of a trade in detail step by step. The objective is to understand how to manage a trade throughout its lifecycle, how/when to make adjustments etc.  

Mailbag : Lastly, in the Mailbag segment. we answer listener / Viewer's questions   

If you have any questions, please write it in comments or email it to [email protected].   Find more videos and education content at www.optiongig.com - all for FREE !!   All I ask of you is to subscribe to my youtube channel and help me spread the word so other retail investors can also benefit from it.    For more educational content on options trading, visit www.optiongig.com

Watch it on YouTube : https://youtu.be/ke_KdJJyq8I

In this episode I will explain why blindly following the trades of mentor can be dangerous for new option traders.

If you are just getting started in options trading and are following a mentor  or guru, you must listen to this before you start executing the trades

In this episode we will discuss the choices the investors have to express bullish sentiment on a company

We will discuss the below mentioned choices :

- Buy a Stock

- Buy a call option

- Sell a put option

In the end we will summarize what is my favorite strategy.

In this episode we  do a quick overview of the previous week.  We cover following segments :  

Major Market Moving News : We quickly glance at major market news  

Market Performance for the week : We review how major ETFs based on broad market indices have performed for the previous week 

Trade Summary : A quick glance on my trading activity for the week 

Thought of the week : Every week I pick up a relevant topic to discuss with fellow retail traders. That could be an inspirational, educational or any other contextual topic 

Trade Leaderboard : We review the top leaderboards in each of the category - Winner / Loser / New Trade 

Trade Analysis : We review the journey of a trade in detail step by step. The objective is to understand how to manage a trade throughout its lifecycle, how/when to make adjustments etc. 

Mailbag : Lastly, in the Mailbag segment. we answer listener / Viewer's questions    

Please be generous in feedback. We are always listening !

To watch this episode on Youtube with more details : https://youtu.be/LQxCMQQF1xQ

Subscribe to OptionGig YouTube Channel : https://www.youtube.com/channel/UCzRV68jzvb3R7OSdTrFBASw

In this episode we do a quick overview of the previous week and cover the following topics :

- News headlines that impact markets

- Major Market Indices performance

- Thought of the week

- OptionGig portfolio performance

- Trade Leaderboard

- Listener Q&A

Please be generous in feedback. We are always listening !

To watch this episode on Youtube : https://youtu.be/Ix7XuGHXcVA

Subscribe to OptionGig YouTube Channel : https://www.youtube.com/channel/UCzRV68jzvb3R7OSdTrFBASw