to open: must know what is the underlying, options premium < 10% of account, premium vs potential profits at leat 50%, IV vs HV (must be significantly higher or lower depending whether i want to buy or sell)
will also use some TA, but it rarely affects my decisions
to close: for spreads, i just hold until expiry.
free resources and trading strageties available from TD ameritrade youtube channel.
I seldom trade options now. but what i will do
to open: must know what is the underlying, options premium < 10% of account, premium vs potential profits at leat 50%, IV vs HV (must be significantly higher or lower depending whether i want to buy or sell)
will also use some TA, but it rarely affects my decisions
to close: for spreads, i just hold until expiry.
free resources and trading strageties available from TD ameritrade youtube channel.