Check out the options news network, www.onn.tv.

They have an awesome educational section called "Options Physics" that covers basic,
advanced and pro.

Check out their mad about options program too - they take cramer's most recent mad money
round and overlay potential options plays, both pro and con.

good stuff.

You should go to www.888options.com for online classes in options trading.Then sign up
for thinkorswim.com /papermoney(it's Free) for live online options trading with 100,000
dollars of fake money to start . Paper trade for at least 3 months until you get the basic
concepts as you can lose a LOT of money if you don't know what you doing.

Last edited on: 06-02-2008 04:28 pm

I use schaffersresearch.com for my option information.

I utilize the kiss principle. Buy to open, sell to close a position b-4 expiration.

Occasionally will straddle or hedge my positions. Good Luck

@ ice and anyone; how can i get into paper trading, i am an engr so i know if i can do
well on paper (design in theory) then i can do well in execution. option looks more
complicated than stocks and i want to know alot before i ge into it. thank you.

Options are very complicated and you don't have a good grasp on them so I don't think you
should be trading them with real money any time soon.

Do some paper trading and learn how they work with fake money, otherwise you could lose a
ton.

Seriously what you are trying to do is right but do nothing until you read the
book again. Ask only simple straight foward questions, one step at a time.
You will not make a fortune but you will be on the inside of a steady money making
machine. I no longer trade any other way. But you must learn all the ways to skin the
cat.,

This is very enlightening. I have learned a lot, many things that are true and many
things that are not true. But who am I to complain. I now have 28 straight winners with
most of my money in realized gains. I just thought it was very, very simple. Bill

What this means is that if you decide to execute the option..which you dont need to do
becuase you just trade option premiums than you will sell short those shares sharting at
188 and take the difference of where the stock is now to decide your profit

your not buying the shares..your just buying he options so your paying .03 x 100 for the
options. Plus your paying transaction costs normally 10 dollars or so...and .75 cents for
every contract normally

i am new to option, i have done very well for myself with stocks (on etrade.com). i just
decided to enter option sales.the prblem is that right now i am confused about
options...here is my scenario i hope some one can help.

i have this heading for apple(below).just an example, i am not really buying this ..yet

AAPL JUN 2008 110.0000 PUT(QAARB)
Bid 0.00 Ask 0.03 Last trade 0.03

here is what my intuition is saying i should do...
if i buy an option contract at the ask price 0.03 ,then
i.i will pay $3 (0.03*100) for the option (right to buy)
ii. i will also pay $11000 (110 *100) for the 100 stocks itself
iii. but right now, the stock(AAPL) sells for $188.00


QUESTION: does that mean i can turn around and sell the 100 stocks for 188 each and pocket
the difference (minus the commision and fees)?

IS THIS HOW OPTION WORKS?????