Trading options
Go to cboe.com and go to the education center.
Also go to zone-trades.com and download the free ebook. The ebook is on supply and demand but has a section on options.
Options strategy
What happens if you sell a call at the money and the index goes up? Do you then buy back the call at a loss or do you close the whole position and open a new one at different strikes?
Selling or Buying
Money can be made both ways. It's generally best to implement buy strategies when volatility is low and sell strategies when volatility is high. I traded a retirement account from Nov 2008 to Nov 2009 and turned 8,000 into 27,000 selling cash secured puts.
List of options with over 50k open contracts
This is a list of options with more than 50,000 open contracts. They are in order of open interest with SPY being the highest. Haven't gone through them all yet but should be a good list for swing trading.
SPY
AAPL
BAC
EEM
IWM
QQQ
VXX
SLV
EWZ
FB
FXI...