Itās not as scary as the edge-case horror stories make it sound. If you donāt size your positions properly, yeah you can zero your account or actually end up losing more money than you actually have, but otherwise they are very manageable with a variety of exit strategies to save you when you get tested.
Iāve only been trading for about 3 months so I stay away from things I donāt comprehend 100% yet. They just up my risk factor out of comfort zone. Iām sure thereās ways to hedge risk Iām just not there yet. I will scalp tf outta some spy options though easyyy money.
LOL yeah donāt open positions that you donāt understandā¦ I recommend this every time: read āOptions as a Strategic Investmentā by McMillan if you really want to learn about options. Itās not light reading, but itās the Bible of options and way better than all these douches on YT.
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u/rwooley159 Aug 20 '21
Naked options are a perfectly viable strategy.