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This group is for brand new option traders. If you've never traded an option, this groups for you. Although... we would like to have some experienced option traders to help us through the more difficult trades. I will start this group with a simple covered call. This will be my first option trade, so the excitement starts right away. We will be using The Options Playbook as our guide. Everybody can ask all and any questions without the fear of looking like an idiot.

Active Since 10/21/08

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Options for Beginners Forum > what to look for

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alex1988

Member since: May 09
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Posted September 17, 2009 (09:55AM)
What do most of you look for when buying options???  Gamma, Delta, Greeks????

And the big question... Do you often check the option's Greeks after you have acquired the position or do you just check the underlying??
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golax

Member since: Oct 08
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Age: 50's
Ashburn, VA
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Posted September 29, 2009 (10:38AM)
I usually put on a position such as a calendar or butterfly, sometimes an iron condor. I work with the same stocks or ETFs over and over so that I have a good understanding of what is happening. Sometimes I use the options strategy scanner (under the tools menu) to identify a possible trade. I do monitor the trade using the ThinkorSwim platform and put in stops where necessary.