How to pick strike prices for options?

Picking strike price that's aligned with your strategy is a critical component of one's options trading. When selecting a strike price, it is important to consider the current market conditions, the underlying asset's price movement, and your investment objectives. ---------------------- How do you pick strike prices? What tips or strategies do you use? Have you made any mistakes or learned any lessons from it? What were your most successful and unsuccessful experiences in picking strike prices?

avatarvodkalime
10-06

🎯 Options Trading Strategy: Understanding Deltas (Δ) - A Trader’s Playbook 🚀💰

I learned about Options Trading 20 years ago after trading 2 to 3 years on stocks. Then Options is not popular here and warrants also has limited market. The influx of brokers had introduced Options as alternative derivative over stocks. I have relearn Options and sharing my strategy how I use Δ to get my options result. No worries, I am not going to challenge the Nobel Prize Winning Formula on Decaying Price on Expiring Options but demystify Options Δ without the jargon overload. [Cool]   ⚠️ Disclaimer This article is for educational purposes only. I'm not your financial advisor — just a battle-tested ordinary folk who has blown enough accounts to learn risk managment the hard way and respect Delta's mood swings. Always consult licensed professionals before trading liv
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🎯 Options Trading Strategy: Understanding Deltas (Δ) - A Trader’s Playbook 🚀💰