Tip #2:
Looking up the options chain & down the options chain to help answer the question “which strike should I buy?”
Some people suggest trading ITM options, others suggest that OTM or “near the money” options are a good way to go; in this short video we look at both & discuss how you may decide “this time” to do one over the other. Some important considerations is how many lots your going to trade and what the strike choices are (1.00$ wide strikes, 2.50$ wide strikes, 5.00$ wide strikes).
In this video series I wanted to provide a little assistance to those starting into the options trading world; these videos are not designed to cover every single thing about options trading in a “day traders” approach; these videos are designed to cover a specific topic and to offer a point of view on what we can do to improve our approach to day trading.
