10-18-2021, 05:21 AM
What's the best way to learn how to trade options?
<!-- SC_OFF --><div class="md"><p>I don't mean just buying OTM GME call options that expire tomorrow, but the actual intended way of doing it. I discovered that they're more closer to "insurance" and I found that very interesting. It would be very useful. I tried to check on webull but I couldn't find a way on webull's paper trading section to trade options. What are some good ways/apps that allow you to practice option trading? I understand that they are more closer to "insurance", but I also wonder if they're just good for doubling down on performance? </p> <p>For example, let's take VTI. If I had put a put option last month when the evergrande situation was happening, I would have had "insurance" for when it dropped, which it did. Conversely, if I feel bullish on VTI, and would like to double down on that, I would like to practice calls on paper trading first to really get a feel and understanding of it first.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/MythrowawayAcc5678"> /u/MythrowawayAcc5678 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/qae8n3/whats_the_best_way_to_learn_how_to_trade_options/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/qae8n3/whats_the_best_way_to_learn_how_to_trade_options/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I don't mean just buying OTM GME call options that expire tomorrow, but the actual intended way of doing it. I discovered that they're more closer to "insurance" and I found that very interesting. It would be very useful. I tried to check on webull but I couldn't find a way on webull's paper trading section to trade options. What are some good ways/apps that allow you to practice option trading? I understand that they are more closer to "insurance", but I also wonder if they're just good for doubling down on performance? </p> <p>For example, let's take VTI. If I had put a put option last month when the evergrande situation was happening, I would have had "insurance" for when it dropped, which it did. Conversely, if I feel bullish on VTI, and would like to double down on that, I would like to practice calls on paper trading first to really get a feel and understanding of it first.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/MythrowawayAcc5678"> /u/MythrowawayAcc5678 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/qae8n3/whats_the_best_way_to_learn_how_to_trade_options/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/qae8n3/whats_the_best_way_to_learn_how_to_trade_options/">[comments]</a></span>Kind Regards R