I have been trading stocks for a couple years and now it's time to learn options. Been studying up on the covered call and I feel that I'm close to making my first order. So far my main resource is Alan Ellman videos and website (I found these first). Looking for info on the best places/websites to grab info from paid or free. I know the above mentioned has his own site but it seems outdated and hoping you all can give me other advice. Please feel free to post any helpful info in this thread for a noob like me. Thx for reading my first post!
From eBay, see if you can snag the videos from Optionetics. tastytrade has a deep library, although they have 'outlook' problems that screw with newbs. (Things like, "News/world events don't matter." or "Trade small; trade often" without explaining that their nauseously over-used "number of occurrences" is a statistical maxim that depends on uncorrelated trading to have any validity. Blah blah blah -- it's all out there on the webs. The thing is, for their faults, they are the best that I know of, and in 2018 I'll add, "By Far." Guy Cohen's Options Made Easy stands well above the rest, too.
I'm all for resources and expanding your knowledge, but jumping in is 100% quicker learning, and sometimes that might mean pain but start small then go sell 1 45% down, next week expire put on TSLA for I don't know, should be in the range of $5-12 dollars.. watch and ride that rollercoaster of time decay, might be an event and see it spike and lose some hair when you see it hit $37 dollars, but watch it go back down to rot.... if it gets exciting TSLA will drop 30% and then you'll be pulling over the car every 2 min to see how much farther it goes.. only to see it rot to 0 once you sold it off for $100 then... HAHAAHAH read a book on swimming, or jump I the pool...... JUMP just do some iron condors or sell a few naked puts far OTM ( out of the money ) or do some credit spreads ( sell one put, then buy one lower down for a net credit still )