Options Alpha was founded in 2014 by Kirk Du Plessis, a former investment banker, who also has hedge fund experience. Options Alpha is a software company that allows individuals to trade automated options with bots for a monthly fee.
Typically you need to understand how to read and write Python to create, manage, and execute options bots. Options alpha allows individuals to bypass the need for coding so they too can use algorithmic trading, like HFT(high-frequency trading) investment firms.
Whether or not you use their service, Options Alpha has generously created a massive collection of options educational content that will help anyone interested in learning about or trading options. It’s better to learn finance from proven professionals, as opposed to a “trading YouTuber”, although there are financial professionals on YouTube who do have respectable content.
Understand that you should not trade options unless you understand the risk. Options are complex and should not be used by beginners, as you can lose a massive amount of money in seconds. Options should not be purchased with money you need–rent money, phone money, date money, etc.
With stocks, you only have to get the direction right that the stock is moving. With options, you have to guess the direction the equity moves, as well as the time, which adds thousands of layers of complexity to the trade.
Those who do not understand options and trade them are gambling.
Those who do understand options can make educated bets, or use advanced strategies for hedging downside risk or upside value, with options strategies like iron condors, or short straddles, for which Options Alpha has content.
Options Alpha Education Content
Access the Options Alpha Educational Library:
The Options Alpha education library is massive. They have guided courses, a reference of options strategies used for hedging as well as income generation, a handbook of options terms, as well as a library containing free books that are not the typical 25-page ebook, but actual books around 100-300 pages.
If you have a Kindle, like the fantastic kindle Paperwhite, you can email an Options Alpha book to yourself using the send to Kindle tool so you don’t have to read on the computer.
If you are interested in options, you should absorb every bit of information you can find to create your own hybrid understanding and strategies created from the best options knowledge. Read all of the books, watch all of the YouTube videos; just vet who you are getting information from before.
Khan Academy has a modest track for learning about options. Their entire financial category is worth watching.
Fulfillment through attainment(FTA).
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*This is not a sponsored post by Options Alpha. This is a highlight of their free education content.
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1 comment
There is definately a lot to find out about this subject. I like all the points you made