Options to Onboard Options in your Trading? Who & How...
I'd like to share about Key Opinion Leaders (KOL) or more aptly in this case, Knowledgeable Options Leaders on Options trading, I've observed in Tiger Community currently. They might serve as useful 'course' resources, for someone looking to pick up Options Trading.
Starters
For starters, I would go with Tiger official accounts.
Start with @Tiger_Academy if one is totally new with Tiger Options Tour For Beginners, four 4–8 mins videos introducing Options trading.
Videos to Learn Options from @Tiger_Academy
Next, progress to @OptionsTutor to learn the key Greeks (delta, theta, gamma, vega), Implied Volatility (IV), moneyness (OTM, ITM, ATM) and how they affect Options pricing and P&L.
An alternative KOL if you are starting out is @Wayneqq. He has written a helpful ‘Demystifying Options’ series, now at Part 13, on Diagonal Spreads. The series are bite-sized 5–8 mins read that give concise explanation of Options strategies, followed by trade scenarios with example trades, and tips when executing them. This would be a good primer to Options strategies.
Main Course
After that, you might be ready for the main course –finding out how to apply different Options strategies in current Markets with these three connoisseurs:
@OptionsTracker posts a list of 'Hot Stocks [for] Covered Call Reference' with possible entry strike prices, expirations, etc. daily, if you would like to sell Calls against your stocks' positions.
@OptionsDelta shares specific strategies helpful for using Options in up-trending, down-trending, and flat Markets, and how to trade volatility VIX and VIXX options.
@OptionPlus discusses strategies opportune for different times and environments, such as using Options to hedge portfolio and trading Options for earnings play, among others.
Dessert
To round off this post–for dessert–I leave you with a 'caution 'and a 'tale' worth savouring, I hope.
First, it's worth repeating the caution that Options could be complicated to understand, and are leveraged products –one consequence is you could lose more than your starting trading capital.
@Bonta drives home this message pointedly with his analogy of trading Options akin to driving a car, if you don’t know how to drive properly, you could crash and get seriously hurt. He also shared his own journey trading Options, including the very real ‘boom and bust’ of one’s trading account. Check out his tale at the link below:
Introduction on Options
If trading Options, learn to Drive, don't Autopilot – TSLA cautionary tale
You might know other KOLs or members experienced in Options trading in the Community. Share them in the Comments if you and they don’t mind.
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Example my buy call is FB 200 20230101.
I want to get it now at 200.
can also follow @Hazelle_TJI
she does share her own Options video for beginners on YouTube too [lovely]