tag:blogger.com,1999:blog-897456774486153841.post3563957637236332759..comments2024-03-29T01:52:41.092-07:00Comments on VIX and More: Learning About Options (1)Bill Lubyhttp://www.blogger.com/profile/01241003017364820134noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-897456774486153841.post-39003730981795882732009-03-29T11:00:00.000-07:002009-03-29T11:00:00.000-07:00Well said, Karl...and I think you have several imp...Well said, Karl...and I think you have several important questions ready for an options final exam.<BR/><BR/>As you imply, ultimately the study of options is largely the study of volatility and time.<BR/><BR/>Cheers,<BR/><BR/>-BillBill Lubyhttps://www.blogger.com/profile/01241003017364820134noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-27757275523720222832009-03-29T10:23:00.000-07:002009-03-29T10:23:00.000-07:00Bill, I would just add that learning about options...Bill, I would just add that learning about options -- REALLY learning -- is a substantial intellectual undertaking. Before anyone trades with real money, they should be able to answer without hesitation questions like "What is implied volatility?" "Why does volatility tend to increase as earnings approach?" "Why does gamma increase as expiration approaches?" "Why is a calendar position a postive vega trade?"<BR/><BR/>To know the answers to these questions requires STUDY. Reading books. Hours of paper trading practice. Going in half-A$$ed will get your aforementioned A$$ handed to you.Karl Knoreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-18829884874113037672009-03-27T07:42:00.000-07:002009-03-27T07:42:00.000-07:00Thanks Bill! I didn't think my options education w...Thanks Bill! I didn't think my options education would start so soon. :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-68644498286940771522009-03-27T07:08:00.000-07:002009-03-27T07:08:00.000-07:00For people who wasnt to know very basic stuff , th...For people who wasnt to know very basic stuff , they can read my : http://www.jagoinvestor.com/2008/06/what-is-option-option-is-contract-which.html<BR/><BR/>Manish <BR/>http://www.jagoinvestor.comManish Chauhanhttps://www.blogger.com/profile/02521133110428729048noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-3569524060111454422009-03-27T06:44:00.000-07:002009-03-27T06:44:00.000-07:00I have also read Options for Rookies and frequent ...I have also read Options for Rookies and frequent his blog. He has a twitter account http://twitter.com/MarkWolfinger where you can follow his trades in realtime. Can't recommend him enough.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-90162334538378443642009-03-26T23:08:00.000-07:002009-03-26T23:08:00.000-07:00Greetings Bill:Thank you very much for your great ...Greetings Bill:<BR/><BR/>Thank you very much for your great blog. Since you are posting about learning options basics I though I might recommend another great resource for people just learning options strategies. The Options for Rookies blog (http://blog.mdwoptions.com/options_for_rookies/) has a lot of information about learning options basics and trading mostly market neutral income strategies. The site's creator also has a book by the same name. I have read quite a few options books and I was really impressed with Options for Rookies in that it take someone who just knows a bit about stocks to a point where they are ready to paper trade a variety of options strategies. It is THE book I recommend to my friends who ask me to explain options trading to them. It is written in accessible language but does not shy away from topics like the Greeks. The OIC and CBOE resources are great but the nature of web based informations can make things confusing or disjointed for those who lack a basic framework. I think the rookies book makes gives beginners this framework.semurenhttps://www.blogger.com/profile/10793841471627667231noreply@blogger.com