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URL:  https://boards.fool.com/you-know-for-some-folks-taking-a-class-is-the-27144160.aspx

Subject:  Re: optionetics Date:  10/30/2008  12:59 AM
Author:  AirForceFool Number:  20 of 80

You know for some folks, taking a class is the best way where others are perfectly fine gleening information from the internet... do you have a link for the course... I googled it, and got classes that cost about $4Kish... that seems like a lot of money to me, buy I trade in blocks of a couple thousand, not tens of thousands... depeding on how much options trading you plan to do, it may not be cost effective... it would seem to me that you'd have to trade quite a bit and do well to earn that loot back... here is an awesome online line to options...

http://www.theoptionsguide.com/option-trading-stra...

And the best book I've ever read on options...

http://www.amazon.com/Bible-Options-Strategies-Definitive-Pr...

my humble opinion is that if you were capable of learning everything in the book and website, you'd have more options knowledge then at least 98% of those trading options out there (for a total cost of about $40)...

There are no get rich options systems IMHO... and in this market, one bad trade can wipe out a years worth of work... I know, I sold some puts against CHK a couple of weeks ago... :P

Chris



Just click on the type of strategy you want and go from there...

I traded an Iron Condor against ISRG back in the day when I thought it was going to stay flat for a while... not sure that's a good strategy in this market... :P
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