ET member book reco: https://elitetrader.com/et/threads/...one-with-a-full-time-job.358368/#post-5378699
I didn’t have a great experience with options but it is surely okay to understand and trade if you are willing to give it some time and use your knowledge carefully. You can do your research and find out how it actually works and the way you can get started with it. Anyway, I found this: https://www.investopedia.com/options-basics-tutorial-4583012 Seems pretty simple and understandable to me.
https://elitetrader.com/et/threads/leveraged-options.358773/page-2#post-5388827 Thanks for a cogent concise straightforward view on the butterfly. If you have more of these nuggets, post 'em up somewhere, anywhere, .... here. """ Butterflies are very interesting plays, you can set them up as bearish, neutral or bullish depending on where you put the belly/body. They can be set up as high probability or high leverage depending on the body width, you can combine multiple butterflies to take advantage of skew and microstructures.... However, because there are so many moving parts, it is not easy for some of us retails to win consistently. """
/VX and VIX https://doughtrading.squarespace.com/blog/vix-and-vx /VX vs. VIX - Options Jive | tastytrade https://www.tastytrade.com/shows/options-jive/episodes/vx-vs-vix-04-27-2015
Free Option pricing tool posted https://elitetrader.com/et/threads/free-option-pricing-tool-posted.359828/ a fly pricing spreadsheet
Anatomy of a fun 2-day trade (AMC +$60k) https://www.elitetrader.com/et/threads/anatomy-of-a-fun-2-day-trade-amc-60k.359907/ Maybe not a daily driver, but in proper hands suitable for special situations. Quote "This trade wasn't complicated"