Straight out of the womb when it comes to options. I've taken the path of Option Alpha and Tasty Trades to learn the basics. Any other material (vids, books, podcasts, etc.) you would suggest at this beginning stage?
I'll give you the Straight talk, that takes you right to the Top. Not sleepy, textbook, generic, theory definition stuff. If you want to get Rich fast with options, here's what you have to do, Buy at 9:40, and sell at 10:50.....do this, more or less, every day on average; Capture that one obvious, major, move of the day. If you can do this Holy Grailey, divine, magical feat...you will generate more than a million bucks a year from Mrs. Market -- all from a tiny, amateur, small, seed account, I never said it was going to be easy, instant and automatic, though. To understand Mrs. Market, daily, it will be as tough to discover and find as the real life Holy Grail of Jesus Christ. The Devil can be in the macro and micro, dynamic, details,
If today they bought at 9:40 and sold at 10:50, their tiny seed account would have been blown out. What the hell?
That guy posting those fancy goog charts up there. He already helped one ET member snap a sim streak with his crisp, concise instructions. Be like Mac. A wizard. A true star. Chicks dig 'im. What're ya gonna do with it all? Think Big! You just turned the corner. " Buy at 9:40, and sell at 10:50.....do this, more or less, every day on average; Capture that one obvious, major, move of the day. If you can do this Holy Grailey, divine, magical feat...you will generate more than a million bucks a year from Mrs. Market -- all from a tiny, amateur, small, seed account," ... where the hell ya been?
At this point, I'd suggest reading more structured materials (e.g., "Options, Futures, and Other Derivatives" by Hull, or "Option Volatility and Pricing" by Natenberg. There are a few others, but these are pretty much the standard reference works.) Don't get me wrong, OA and TT are reasonable as basic intros - but there's... let's call it "counterparty risk" involved; both are trying to sell you something, and that something is a bit too subtle for a newbie to parse out. Once you have the basics down solid, you'll need to decide which church you're going to join... err, what you're going to use for projecting price/vol action. There are lots of people here who pray to Great God TA while loudly rattling his Holy Indicators; there are some who study mysterious tomes and mutter arcane algorithms and incantations to the terrible deity known as "Quant"; some heathens partake of some degree of both... but everyone does it in some way or another, because even so-called "neutral" strategies still attempt to predict price/vol action (i.e., minimal or none.) At that point, there's lots and lots and LOTS of reading, depending on the path you choose. I lean very strongly in the algo direction, so to me, "Volatility Trading" by Euan Sinclair and "Dynamic Hedging" by Nassim Nicholas Taleb are very important; if you lean toward TA, the only approach that I've found to be of any use whatsoever (grain of salt here - I really, really dislike classic TA) is Rob Smith's "STRAT" (more price action than TA, but still...) I'm sure other people have their recommendations. Last, there's a wide range of books to be read for general trading knowledge and wisdom - and these are in some ways even more important than any technical knowledge you can gain. Mark Douglas' "Trading in the Zone" (there's a 4 video series on YT) has saved my ass an uncountable number of times from day one as a newbie trader by teaching me the proper perception and valuation of risk; "Reminiscences of a Stock Operator" by Edwin LeFevre remains an ever-green (no matter how many times I re-read it, I always find something that rings true now, after whatever increment of experience I've gained since the last time). "Market Wizards" by Jack Schwager is a bit dated, but contains a number of lessons that, again, will strike home more and more as you learn and gain practice. TLDR: get ready to do one hell of a lot of reading - and never stop. If you're going to trade, you'll need to feed your head continually. (P.S. I'm re-reading Pierino Ursone's wonderful "How to Calculate Option Prices and Their Greeks" right now; have to stop once in a while to sponge up whatever of my brain has leaked out from my ears onto the floor and pour it back in. The other effect of reading all this stuff is that, if you think you're Hot Shit, it will teach you humility. Again and again. But that's the price - and the privilege - of keeping company with some damn smart people, which you will find in this business.)
Starting out with Options alpha and tasty trade huh? Reminds me of me...word of advice, never sell naked...always spread. As far as resources go. There is a Facebook group called "options a to z". He has a ton of videos on yt as well. He explains things really well and his strategy is more long side with rolling so it would give you a different perspective than you typically see on OA or TT. Why options?