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I’d like to start trading in the Options market but I have a long way to study before I start. I have several books written by various authors and the optionetics videos and books from ebay.
I would appreciate some advice please.
1. Any recommendations on Gann books to read?
2. Recommendations on software esp if it’s free but if not, what is the most comprehensive?
3. Are there any programs or websites where you can make dummy/practice trades to see exactly how to do it and what your outcomes may be from the strategies you have used.
Thanks Capitalist Agent. That reference is fantastic! Cheers!
Using greeks, i can ascertain the probability of an option being exercised. How can I use the probability and volitilty to determine the best risk/reward option to trade? I have been trying delta neutral strategies – do you think that is a valid approach?
Thanks Zman. I was hoping you would answer. It’s clear you have expertise. Do you have a suggestion where i can learn more depth on options as you have? I’ve read many books. . . . are you willing to mentor?
going back to the question. If i adjust Implied vol to determine the current option prices – doesn’t the associated delta reflect the probability? Do you you always adjust your trade to delta neutral?