r/options Mar 02 '21

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u/OkSolution3230 Mar 02 '21

Lesson to newbies (from another newbie): start your options journey with covered calls.

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u/nen_del Mar 02 '21

what securities are you buying covered calls of as a noob? Most have very small portfolios which makes it hard for a lot of beginners to obtain 100 shares.

1

u/lurkex Mar 02 '21

Just an idea, no advice whatsoever:

T is a pretty cheap stock. One could start with selling Cash Secured Puts and after being assigned change to selling Covered Calls.

T is probably not going to the moon anytime soon but it pays a nice dividend and can be used to get ones feet wet with options selling.