Options Trading Tutorial

best place to learn options trading?

Public Comments

1. Start by learning the basics of simple options. That is buying calls and buying puts. Then maybe go on to learn writing options and the other strategies. But learn the first two thoroughly for starters. Get a good book;I always recommend Trading in Options by Geoffrey Chamberlain. I gave this advice to a friend about 10 years ago he is now making £90000 a year in his spare time. Mind you he has a degree with distinction in Mathematical Trading!
2. While I agree with the first two answers that you should read at least one good book about options before trading them, I suggest you start your education at the CBOE Learning Center at http://www.cboe.com/LearnCenter/default.aspx with the free online tutorials. Once you have completed the tutorials, you be better prepared to evaluate different options books and pick the one(s) best for you. The CBOE has a bibliography at http://www.cboe.com/Institutional/Bibliography.aspx and if you stick with books from the bibliography you can be sure their quality. My two favorites from that list are McMillan, Lawrence G.: Options as a Strategic Investment, Fourth Edition Natenberg, Sheldon: Option Volatility and Pricing, Revised Edition but I recommend you try to review the contents (at a library, a bookstore, or at amazom.com) to pick books appropriate for you. I will also mention that Mark Wolfinger has written beginner books on options and particpates on the Yahoo message board at http://messages.yahoo.com/Business_%26_Finance/Investments/forumview?bn=4686677 If the idea of being able to ask the author a question directly appeals to you you can find his books at http://www.mdwoptions.com/
3. zmann's answer is excellant. Here's some additional information; http://WWW.OptionPlanet.com http://WWW.RedOption.com http://WWW.ThinkOrSwim.com Read as much as you can. This won't be easy. But it's worth it. Good luck......
4. i think in virtual trading because you can learn by doing.