I've Turned $10k into $200k+ in under 2 months daytrading.
Information you'll find in this thread is a gold mine.
Here is everything you need to know about trading 👇
This thread is structured into 8 different lessons..
L1: Understanding Options
L2: Price Action Basics
L3: Patterns
L4: EMAs & VWAP
L5: Supply & Demand
L6: LVL2 & Tape Reading W/ S&D
L7: Risk/Trade Management
L8: Psychology
L1: Understanding Options 🌟
In this lesson we will be going over..
- Options Basics
- Greeks
- IV
- How To Pick Contracts
OPTIONS BASICS
Options are derivatives and there's 2 type..
Calls: Bullish Buyer - Bearish Seller
- We play this when we think the price will RISE 📈
Puts: Bearish Buyer - Bullish Seller
- We play this when we think price will FALL 📉
OPTIONS PREMIUM
Buyers have to pay a premium for each contract.
Option contracts represent 100 shares of the underlying security.
Therefore the actual cost is 100x more than you see.
Ex.
.15 = $15
1.50 = $150
15.00 = $1,500