Originally Posted by
123494
I've never messed with options before. I've strictly been a long-term investor focused on good ETFs and a few individual stocks (~40 years until retirement).
How did you guys learn about options? Any recommended reading/videos? I'm planning on continuing my long-term plan but would like to throw some "fun money" into something else.
Start by trading covered calls. You cannot lose money. (Standing by for the arguments about that, but I will win them). After you learn to do covered calls, try cash secured puts. Then branch out into naked calls and puts. I think I already said it, but all that exotic crap you hear about.. condors, butterflies, straddles, strangles... is a waste of time and money. And the best thing I ever read about options is that you never make money buying anything. Find the right horse, and it can be a very lucrative ride
dyodd, ymmv, etc etc