Wheel Of Fortune

[SemiRetire]

I am planning to play with play money with options. Not sure how to start as I am new bie in this. Is there any basic training info to enter into this. Any guidance please.

[JINSAKAI]

I am planning to play with play money with options. Not sure how to start as I am new bie in this. Is there any basic training info to enter into this. Any guidance please.

I think below is good starting point

https://www.coursera.org/learn/derivati ... ns-futures

And below is overall overview of "Financial Markets" By Robert Shiller ( probably you may have already heard about Shiller P/E ratio https://en.wikipedia.org/wiki/Cyclicall ... ings_ratio )

https://www.coursera.org/learn/financial-markets-global

EDIT : added one more intro course

[SAPPORO]

Why try to learn new ways to lose money?
Don't we have a covered call ETF QYLD with monthly dividends of 10-12% and some appreciation on top of that? It's generally considered less risky and less volatile.
Even when the market crashed exactly 5 years ago by 30% in a few days, it went down by only 20% plus they paid 10% dividend even during that time.

[JINSAKAI]

Why try to learn new ways to lose money?
Don't we have a covered call ETF QYLD with monthly dividends of 10-12% and some appreciation on top of that? It's generally considered less risky and less volatile.
Even when the market crashed exactly 5 years ago by 30% in a few days, it went down by only 20% plus they paid 10% dividend even during that time.

Ohh, I wasn’t aware of ETF QYLD. Thanks for the information, will check out.

[SAPPORO]

Why try to learn new ways to lose money?
Don't we have a covered call ETF QYLD with monthly dividends of 10-12% and some appreciation on top of that? It's generally considered less risky and less volatile.
Even when the market crashed exactly 5 years ago by 30% in a few days, it went down by only 20% plus they paid 10% dividend even during that time.

Ohh, I wasn’t aware of ETF QYLD. Thanks for the information, will check out.

I guess by now you would have figured out my deceptive marketing - Monthly dividends? - yes, 10-12%? - yes but annualized!

[JINSAKAI]

Why try to learn new ways to lose money?
Don't we have a covered call ETF QYLD with monthly dividends of 10-12% and some appreciation on top of that? It's generally considered less risky and less volatile.
Even when the market crashed exactly 5 years ago by 30% in a few days, it went down by only 20% plus they paid 10% dividend even during that time.

Ohh, I wasn’t aware of ETF QYLD. Thanks for the information, will check out.

I guess by now you would have figured out my deceptive marketing - Monthly dividends? - yes, 10-12%? - yes but annualized!

Yeah, looks QYLD is just Call Options on QQQ , I was hoping for "audacious" returns around 18% to 48% annualized on capital of 100k

https://www.globalxetfs.com/content/fil ... tsheet.pdf
https://www.thestreet.com/etffocus/high ... re-you-buy

[SAPPORO]

Ohh, I wasn’t aware of ETF QYLD. Thanks for the information, will check out.

I guess by now you would have figured out my deceptive marketing - Monthly dividends? - yes, 10-12%? - yes but annualized!

Yeah, looks QYLD is just Call Options on QQQ , I was hoping for "audacious" returns around 18% to 48% annualized on capital of 100k

https://www.globalxetfs.com/content/fil ... tsheet.pdf
https://www.thestreet.com/etffocus/high ... re-you-buy

Such returns are obviously neither repeatable nor scalable, it so, all the fund managers would be out selling it and making a killing!

[JINSAKAI]

Another eventful week, my portfolio is down by almost 10% , however only positive thing as expected the Call Option would expire worthless today

[JINSAKAI]

Due to recent drop in SMCI price, my order to sell covered Calls went unfulfilled , hence looks no action this week.

[JINSAKAI]

After a month of mostly selling covered calls, collected around $7300 so far. Luckily all but one have expired so far, however realizing this just luck rather than some special skills …