Options Trading Tutorial

where can i go to learn more about trading options OR stock options and futures??

i want to know how to buy options. i am new to trading options and futures, and i am a little confused. where do i set the strike price? and why would i buy out-the-money?? and how does options work? what is the difference between buying a PUT and selling a PUT and in the same trade you would buy a CALL and sell a CALL.. i have more questions BUT i am only allowed so many characters

Public Comments

1. www.cboe.com Also www.irs.gov. The IRS has very unusual rules for options and futures. You do not need to engage in a closing transaction for you to be taxed on your positions in quite a few cases. It is very important that you understand the tax rules before you engage in a transaction. They do not work like the rules for stocks. As a very very experienced investor, stay away from options and futures until you really understand them. Futures in particular are more dangerous than options. The laws governing futures permit and expect insider trading. That is the reason that when Hilary Clinton invested $1000 in pork bellies and walked out with $100,000 a year later no one could do anything about it. As a governor's wife she was not violating the law to have trades placed that were set up to win. If you are not rich, or the spouse of a governor, expect to be taken advantage of.
2. If you really want to start trading futures, check out my blog.