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What Are Options? Beginner Friendly Guide for Day Traders
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Welcome to episode 11 of the "Day Trading for Beginners Podcast." Today's episode is a beginner-friendly introduction to options trading. We're on a journey to become full-time day traders, and understanding options is a key part of this process.
Download my 6-month blueprint for becoming a full-time day trader:
https://stokestrades.com/blueprint
In this episode, we cover:
- Introduction to Options: Understanding what options are and how they function as contracts in the stock market.
- Types of Options: Exploring call and put options and how they differ in terms of buying and selling stocks.
- Key Concepts in Options Trading: Discussing strike price, expiration date, premium, intrinsic value, and time value.
- In the Money vs. Out of the Money Options: Explaining what these terms mean and how they relate to options trading strategies.
- Examples of Options Trading: Walking through real-life scenarios of buying call and put options, including potential profits and risks.
- Options Trading Strategies: Discussing how day traders can use options for speculation and the strategy of selling options before they expire.
- Community and Resources: Learn about our online community on the Skool platform, a supportive environment for beginners in day trading.
Closing Thoughts:
In this episode, we've laid out the basics of options trading, an essential concept for aspiring day traders. Remember, options trading can be complex, but starting with a solid understanding of the fundamentals is crucial.
Check out the full article here:
https://stokestrades.com/what-are-options/
Subscribe:
Don't miss out on upcoming episodes where we'll talk more about options trading and other strategies. Subscribe to the podcast for more educational content, and be sure to check out the resources and community at StokesTrades.com for further support on your day trading journey.
Website and Other Social Accounts:
https://stokestrades.com/
https://www.youtube.com/@StokesTrades
Join Our Free Community on SKOOL:
https://www.skool.com/day-trading-for-beginners
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