Hi guys,
I have been investing in stocks and ETFs for 2.5 years now via Fidelity (my 401k is also through Fidelity). Now I would like to start with Option Trading. I have read a couple of docs on calls and puts. While I am still learning what different options (like buy to open, sell to open etc) mena, what's not clear to me how you choose the strike price for certain period of time. Is it a complete guessing game or is there some parameter to look for to avoid choosing completely unrealistic price and lose your premium? Any expert advice/resources for Option Trading for the beginners? Thanks in advance!
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