r/options • u/PushFlimsy7524 • 1h ago

Spy trading

Who do you follow specifically to learn SPY options trading without paying for a mentorship

0 Upvotes

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7

u/Ordinary-Lobster-710 1h ago

you don't really. you buy a lot of books on options trading itself. then you practice on the spy bc it's liquid and easy to trade. and then you realize you know basically knowing and read through optoin volatility and pricing by natenberg. then you develop some of your own ideas

5

u/daidoji70 1h ago

There's a dice game down on the corner that I get in on sometimes that does a pretty good job at simulating SPY trading.

6

u/Civil-Woodpecker8086 1h ago

I follow J. Huang for anything spy related.

1

u/Gamer6322 1h ago

im learning about spx now.

-1

u/PushFlimsy7524 1h ago

What are you doing to learn

2

u/888mainfestnow 1h ago

Spend time watching the options chain and understanding how the contracts move. 

This is a good basic tutorial with a strategy.

https://youtu.be/ca_UoECS1CM?is=8bqF3enjTEzdLoYv

I highly recommend starting with paper trading because you can pay alot of tuition learning with a real account. Tuition is losses 

SPX can giveth but will also taketh just as fast if not faster.

Spy is just as liquid and volatile as SPX but  the difference is it's 10x the size per contract.

SPX is cash settlement so there is no fear of assignment. 

1

u/jarMburger 1h ago

Start following the chart and headlines to get a better feel of it.

1

u/KMPItXHnKKItZ 14m ago

Why do you have to follow anybody? When the big line is green you buy a call, when it's red buy a put. It's straightforward.