New Here

Discussion in 'Options' started by Chala, Feb 27, 2020.

  1. ironchef

    ironchef

    I actually read them all before.

    I love to be able to trade vol. I was referring to @PoopyDeek's statement that I could trade vol after solving all homework problems in Hull. I don't recall reading or solving any vol trading problems in Hull. Do you know where in Hull discusses/teaches vol trading?

    Thanks.
     
    Last edited: Feb 27, 2020
    #31     Feb 27, 2020
  2. ironchef

    ironchef

    Like an initiation. Did that to me when I first joined.

    We newbies/amateurs need a sense of humor and thick skin to survive ET. :D
     
    #32     Feb 27, 2020
  3. Chala

    Chala

    understood
     
    #33     Feb 27, 2020
  4. cafeole

    cafeole

    I am not saying futures are better than options, just better for beginners. There is one thing they have in common - the market. It will take the same amount of time to learn the market, then add the amount of time to learn options. I started out with options. It takes a while.

    With options you have a lot more to consider than just market direction. WAY MORE. With futures you only have direction.

    With options, the spreads are variable. In futures, the spreads are usually 1 tick.

    You really need to understand how all the variables affect the price of an option.
     
    #34     Feb 28, 2020
  5. cafeole

    cafeole

    It sounds like you are comparing options trading to daytrading futures and making a LOT of assumptions on how to trade them.
     
    #35     Feb 28, 2020
  6. cafeole

    cafeole

    If that is true, then it makes my point. Options are very complicated and not suitable to absolute beginners.
     
    #36     Feb 28, 2020