Anybody know of any good free options trading education sites?
Looking to learn more about options trading - I'm basically a fundamental analyst but I'm beginning to dabble in tech. Thanks in advance.
Answers
3963 points
MNSL answered one year ago …
You can try following links:
http://en.wikipedia.org/wiki/Option_(finance)
http://www.learningoptionstrading.com
http://www.investopedia.com/university/options/
2775 points
Oldman answered one year ago …
Go to Tycoon and look at their options trading archives; to StockCharts.com for some graphical analysis methods and free description of trading strategies based on technical indicators. Those are free sites.
Today's (032808) Tycoon listing by Tickerhound EthanR, who gave a detailed description of a felow who only uses one tech indicator for short-term trades.
Get ahold of Choas Nantuko, who seems to have a serious and profitable approach.
I use technicals, such as Bollinger bands and MACD or RSI, to time purchases, but I don't use them to trade.
103 points
Lois answered one year ago …
http://www.888options.com/classes/syllabus_options_basics.jsp
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676 points
RobSmith answered one year ago …
This is a new one out of those guys at Tycoon I think...seems to be free and has a TON of great content on it: http://freeoptionseducation.com/
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2183 points
ChaosNantuko answered one year ago …
Heres a fixed link to what Rob was talking about...
http://www.freeoptionseducation.com/
I'd have to second Lois when she says www.888options.com has a lot of useful information.
If you have a fair amount of knowledge about options already, then investopedia is an extremely good source of knowledge. It isn't easily understood a lot of the time though, so its not for the faint of heart.
On top of the good advice thats been offered so far, i have a couple more sources of information. First off, if your doing any spread strategies other then verticals, i'd recommend you get an account at www.thinkorswim.com, download their desktop technology, and experiment a bit with the options analysis tool. It lets you chart profit/loss charts as the price moves, so that you don't have to calculate it based on delta/gamma etc. It also lets you see how the position would change in volume with a change in volatility, as well as change in time. Theres also a scanner that helps you search for spreads with characteristics such as delta, max profit %, % chance of success (based on volatility, so not highly reliable).
if you have any specific questions, or want to know more about how i personally trade options, feel free to send me an email. jordanjweir@hotmail[ignorethistext].com (the ignore this text thing is to hopefully prevent spam)
127 points
Wantitbad answered one year ago …
You could just go to the source, CBOE (chicago board of options exchange). They have a set of of options online classes for free. I took them and learned alot about the basics.
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