Tullio,
Look at the web sites for all the major exchanges - EUREX, LIFFE/EuroNext, CME, CBOT, CBOE.
EUREX
http://www.eurexchange.com/trading_en.html
LIFFE
http://www.liffe.com/liffeinvestor/options/index.htm
CBOE
http://www.cboe.com/LearnCenter/Tutorials.aspx#Basics
CME
http://cme.com/edu/res/intro/index.html
CBOT (scroll down to the Index Publications section. These are free downloads)
http://cbot.com/cbot/pub/page1/1,3248,1060,00.html
All provide introductory material aimed at the beginner, specifically equity and index options. Also look at the advanced material - it will give you an idea of direction.
Do not pay to attend seminars. You don't need to.
That's my bit for entente cordiale.
Good luck.
Grant.
Look at the web sites for all the major exchanges - EUREX, LIFFE/EuroNext, CME, CBOT, CBOE.
EUREX
http://www.eurexchange.com/trading_en.html
LIFFE
http://www.liffe.com/liffeinvestor/options/index.htm
CBOE
http://www.cboe.com/LearnCenter/Tutorials.aspx#Basics
CME
http://cme.com/edu/res/intro/index.html
CBOT (scroll down to the Index Publications section. These are free downloads)
http://cbot.com/cbot/pub/page1/1,3248,1060,00.html
All provide introductory material aimed at the beginner, specifically equity and index options. Also look at the advanced material - it will give you an idea of direction.
Do not pay to attend seminars. You don't need to.
That's my bit for entente cordiale.
Good luck.
Grant.
Thanks!
How do you know I'm french?
flag on your first post at top of page says which country you registered at
I should not have asked...
Thanks for this great PDF!
Jacinto I'm going to give you another occasion to be cheeky :
Can I start with options without knowing much about them, if I'm very confident about which way a stock is going?
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TullioWhere do I start :?:
Sites :?:
Books :?:
The simpler the better (no mathematics please) .
Si vous pourriez venir a Londres cette formation est gratuite :cheesy:
Sucden provide free training courses in options at the moment
http://www.sucden.co.uk/html/events.aspx
Charlton
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Where do I start :?:
Sites :?:
Books :?:
The simpler the better (no mathematics please) .
The trouble is that options AREN'T simple and understanding them is similar to an iceberg. People think they understand them but they don't realise that 90% of their madness is beneath the surface.
And if you don't have a really good grasp of the fundamentals, which includes a fair amount of maths then chances are you'll be cannon fodder to the people you'll be trading with.
And that right there is the crux of the matter. Someone who's 25% educated in something doing a deal with another person who's got pretty much a 100% understanding. Who's going to come out ahead in the long run............
Anley,
Ain’t that the truth. Unfortunately, a lot of people assume a state of denial regarding what may be perceived as “advanced”. This isn’t helped by popular books which don’t/can’t address issues of risk. However, advanced text books can be problematical for the mathematically challenged (myself). Stochastic calculus is not for the faint hearted.
When I first became aware of options the concept of N(d1) was alien, and I reckon it took around nine months before I worked it out. Self-tuition is slow and laborious but you take out what you put in. Depending on how serious one is regarding options (your own money on the line seems pretty serious to me) , I reckon it’s worth paying for private tuition (in stochastic calculus. for example) . Will this make you more profitable? Not necessarily but as a minimum your decisions will have a stronger foundation
I have a quote stuck to my monitor: “understand how a trade works, which parts cause the risk, which parts provide the protection. Understanding volatility and what the greeks tell you is vital”.
Grant.
Ain’t that the truth. Unfortunately, a lot of people assume a state of denial regarding what may be perceived as “advanced”. This isn’t helped by popular books which don’t/can’t address issues of risk. However, advanced text books can be problematical for the mathematically challenged (myself). Stochastic calculus is not for the faint hearted.
When I first became aware of options the concept of N(d1) was alien, and I reckon it took around nine months before I worked it out. Self-tuition is slow and laborious but you take out what you put in. Depending on how serious one is regarding options (your own money on the line seems pretty serious to me) , I reckon it’s worth paying for private tuition (in stochastic calculus. for example) . Will this make you more profitable? Not necessarily but as a minimum your decisions will have a stronger foundation
I have a quote stuck to my monitor: “understand how a trade works, which parts cause the risk, which parts provide the protection. Understanding volatility and what the greeks tell you is vital”.
Grant.
