What do you want?
There are many different strategies for trading options and knowing exactly what you want to do with them is going to have a profound impact on what you want to accomplish. Some individuals want to generate more income from the act of options trading itself, whereas others want to protect their stock portfolio by hedging with options. One strategy is not better than the other, it all depends on what you want to achieve with options trading.
How to pick the strategy that works for you?
A strategy used to hedge your portfolio is going to be different than a strategy you use to generate income from options trading. Options trading allows for many different strategies for different goals. More about the different strategies can be found in-depth in a later article.
What is a brokerage and which do I use?
A brokerage is a medium that investors utilize to execute trades through. Once you feel as though you are ready to begin trading options you will need to select a brokerage that offers options trading within their different plans offered. Brokerages often times advise on certain objectives and strategies that aid in outlining different risks and benefits of certain transactions to help you make an informed decision. These brokerages are what you will execute trades through. Depending on which brokerage you elect to use, they will evaluate your trading situation and approve you for different levels of options trading. There are many different brokerages you can use, including but not limited to: TD Ameritrade, E-Trade, Tastytrade, Interactive Brokers, Robinhood, and Webull. Look into these different brokerage companies and find out what works best for you.
I have not signed up to Quant Data, How do I?
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Do you need further assistance?
If you have any questions or need further assistance, please don’t hesitate to reach out to the Quant Data team at firstname.lastname@example.org, or via our live chat located on the bottom right-hand corner of the screen. We are available on the live chat between 9:30 AM and 5:00 PM EST, Monday-Friday.