Can you recommend a good source to learn more about how options trading works in real life?
Id like to know how you guys generate trading ideas, come up with bet size, study market sentiments etc
Trading options is extremely risky and a lot of people teaching it, teach it because doing it is normally not profitable and they have already lost their money.
Unless you have some huge edge, which no one does, options are the last place to spend your time and blow your money.
There's an article I read a few years ago talking about the possible outcomes from startup equity, using the analogy of a 99 sided die.
It's something like:
1-50: nothing
51-70: a little
70-90: what you would get from a FAANG
90-99: millionaire
100: you're a billionaire
And then goes on to note that there is no 100 on a 99 sided die, seems like options are similar :) I have no belief in my ability to beat the market and treat them like a fun thing to spend some money on, not like an investment.