When someone asks me about trading, most of the time, reached the point where I explain that I use options instead of stocks or futures, the conversation stops.
If I also explain that I only sell options. The conversation definitely ends in most cases.
If you decide to continue, here two basic Options Guides for non-experts wishing to take one’s first steps in.
Both precious but complementary in certain aspects.
And additionally few websites.
Generally I don’t trust newsletters, and generally the main part of the websites want to sell you something (not yet my case), but, I have a special respect for these webs, because although some of them sell things, they offer free quality information and can contribute knowledge, and inspirational ideas to beginners (and in some cases for pros too).
and additionally four more private websites (in alphabetical order), all of them with one or another interesting thing, that I visit regularly:
Formal educational programs and, a free section full of basic articles classified by difficulty levels and categories.
Database of historical implied volatility (IV). There are free tools (as volatility calculators) a comprehensive “Knowledge Base” section with articles oriented to understand and use the volatility and a blog with strategies and suggestions.
Maybe a repetition of basic concepts, but well organized in short and clear pills, just in case you don’t have too much time.
However, … in case you don’t have enough time to dedicate to study Options -or any other thing- , pay attention these two quotes:
“An investment in knowledge always pays the best interest.” – Benjamin Franklin
“Lack of time is lack of priorities, if I’m “busy”, it is because I’ve made choices that put me in that position….” – From Tim Ferris (I think,… if not please let me know)
More options resources in a coming soon post.