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  1. Old Comment
    larryfolson's Avatar
    Thanks for this post
    permalink
    Posted 03-18-2011 at 12:32 AM by larryfolson larryfolson is offline [Show Appreciation] What's This?
  2. Old Comment
    forexer's Avatar
    Although these courses are good for layman, i cannot seem to find books that really document the mechanical aspect of option trading. Its all too theoretical. I don't think you can properly teach options without going into the math and calculations. I was quite sick of reading the options book i got hold a few weeks ago even though it did point out some things i was unaware about.
    permalink
    Posted 03-18-2011 at 04:09 AM by forexer forexer is offline [Show Appreciation] What's This?
  3. Old Comment
    Tekmnd's Avatar
    Quote:
    I don't think you can properly teach options without going into the math and calculations.
    Bionic Turtle goes over the math and calculations (although it takes a math background to understand it).
    YouTube - bionicturtledotcom's Channel

    Cheers
    Tek
    permalink
    Posted 03-18-2011 at 06:48 AM by Tekmnd Tekmnd is offline [Show Appreciation] What's This?
  4. Old Comment
    Tek, could this be a good start to study options or you suggest something else (books, IT course, ecc.)? For an absolute beginner of course. Forexer suggested me to avoid theoretical, unscientific books but telling the truth I haven't got a serious math background. So what could be a good start?
    Thanks for the useful info about Khan's new section.
    Ciao,
    massimo
    permalink
    Posted 03-18-2011 at 01:54 PM by tradermax tradermax is offline [Show Appreciation] What's This?
  5. Old Comment
    forexer's Avatar
    heh, when i started options i read a whole book on the fontallies guy lol... for me i can start with anything... then i narrow down to things i like and discard the "nonsense". i have no right to be selective in the beginning, i should have said this earlier to lessen your trouble!

    Tek, do you play with options on a regular basis? Hardly hear you talk about your ideas and trades... please share...
    permalink
    Posted 03-19-2011 at 03:28 AM by forexer forexer is offline [Show Appreciation] What's This?
  6. Old Comment
    Tekmnd's Avatar
    Quote:
    Tek, do you play with options on a regular basis? Hardly hear you talk about your ideas and trades... please share...
    I don't. I do a lot of covered calls, but that's about it. I want to really study them (as in learning Black Scholes really well), but haven't found the time yet.

    I may buy a put on USO if oil spikes cause of Libya when it looks like things might begin to die down.

    Cheers
    Tek
    permalink
    Posted 03-19-2011 at 07:42 PM by Tekmnd Tekmnd is offline [Show Appreciation] What's This?
  7. Old Comment
    Tekmnd's Avatar
    Quote:
    Tek, could this be a good start to study options or you suggest something else (books, IT course, ecc.)? For an absolute beginner of course.
    I would just search options out on youtube. Lots of great stuff there.

    Options really aren't that complicated to learn the basics. Just remember that you are basically buying (or selling) a contract where, when the conditions of the contract are met (meaning price goes where you want it), you make some dough.

    Quote:
    Forexer suggested me to avoid theoretical, unscientific books but telling the truth I haven't got a serious math background.
    The trick for non-math people with options is to really learn 'the greeks.' If you know them and learn a good platform (like think or swim) you can learn how to have the platform do the calculations for you.


    You can trade option without all of that though. It's just that options are a statistical trade, so it is better to do the math to calculate out odds/statistics/risk verses reward verses odds of success.

    The math also lets you do some strategies of combining options to do a statistical type of trade that you calculate out.

    Cheers
    Tek
    permalink
    Posted 03-19-2011 at 07:50 PM by Tekmnd Tekmnd is offline [Show Appreciation] What's This?
  8. Old Comment
    Thanks Tek, so I will start with youtube stuff and will focus on the greeks. Hope to survive the intellectual effort... Thanks a lot
    permalink
    Posted 03-20-2011 at 02:08 AM by tradermax tradermax is offline [Show Appreciation] What's This?
  9. Old Comment
    forexer's Avatar
    Tek, USO sucks big time, doesn't follow oil the least! Any better ETFs that track oil well?
    permalink
    Posted 03-20-2011 at 02:13 AM by forexer forexer is offline [Show Appreciation] What's This?
  10. Old Comment
    Tekmnd's Avatar
    Quote:
    USO sucks big time, doesn't follow oil the least! Any better ETFs that track oil well?
    Over time, USO does not track oil when oil goes up, but it sure drops as much as oil does when oil goes down lol.


    My play is a short term oil drop. My reasoning is that oil will rise some due to the Libya thing, the Libya thing won't last long, and then oil will drop back to current prices. I will feel it out on Monday.

    As far as other ETFs that track oil well, I know of none. Anyone else know any? I have tried to find one but don't think a good one exists.

    You could trade GAS (gasoline ETF) and it is optionable, but I don't know how well it tracks and the volume is low.

    Cheers
    Tek
    permalink
    Posted 03-20-2011 at 09:32 AM by Tekmnd Tekmnd is offline [Show Appreciation] What's This?
  11. Old Comment
    Tekmnd's Avatar
    Hi again TM


    The CBOE (Chicago Board of Options- the NYSE of options) has a pretty good education section. It's changed- you used to just go thru a course- now you have to register so I am not sure if it is still free, but I think it is-

    CBOE - Options Learning Center

    Cheers
    Tek
    permalink
    Posted 03-20-2011 at 09:58 AM by Tekmnd Tekmnd is offline [Show Appreciation] What's This?
  12. Old Comment
    Simit Patel's Avatar
    great find, tek! i added this post to informedtrades university.

    and USO is ridiculous. below is a chart comparing oil and USO. crude oil up nearly 17% on the year, USO up nearly 11% on the year.

    permalink
    Posted 03-25-2011 at 10:15 AM by Simit Patel Simit Patel is offline [Show Appreciation] What's This?
  13. Old Comment
    Tekmnd's Avatar
    He is doing a course on futures now. I will post the links when it is done (looks like about 6-9 vids so far)

    Cheers
    Tek
    permalink
    Posted 03-25-2011 at 11:15 AM by Tekmnd Tekmnd is offline [Show Appreciation] What's This?
  14. Old Comment
    sphereless's Avatar
    I think the Khan academy is genius. We should replace public education with it!
    permalink
    Posted 03-26-2011 at 03:10 PM by sphereless sphereless is offline [Show Appreciation] What's This?
 

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