TradeGame: Essential Options Basics 101. By Gregory Mannarino

in money •  7 years ago 

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Welcome to my TradeGame video series.
In the video below, I go over the essential/basics of trading options-the "must knows" of option trading. I attempt to "demystify" these relatively simple financial instruments.
In this video I cover what an option actually is, and why as a trader you should be using options to gain leverage. I explain what a call is, what it put is, and other lingo associated with options trading.

Gregory Mannarino
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Thanks for breaking this down Greg. I first learned about derivatives when I was working at a Copper mine, we had a contract selling sulfuric acid to another copper mine that tied the price of the sulfuric acid to the monthly average copper price...when the copper price shot up so did the sulfuric acid price on the contract...we made a lot of money from that simple derivative.

Agreed! Thank you very much bro.

Awesome job with spreading the wealt Gman!

As always, a great post Greg! I have been following some of your videos over the past many years, glad to see you finally joining us on the Steemit.com platform!

All for one and one for all! Namaste :)

I am really happy to be here. Thank you.

Very cool!

Looks great thx for recommendation!

Isn't this great!

Big fan Greg, and congrats you talked me into this whole steemit thing! Seems to be much better than the other platform(which we wont name). Thanks again for the valuable advice. BTW I gave you a shout-out in my first post, hope you dont mind.

Mind? No no Thank you for that!

This Steem looks like it may be big soon ! Thanks for the recommendation.

STEEM is going to grow exponentially is business and its currency in value. To the moon!

I think steem is right on the edge of being better known! Thanks for the timing of your recommendation Greg!

I appreciate you saying that!

The concept may be simple but like everything else, there are risks involved. Do talk about that.

Great explanation of calls, puts and derivatives Gregory. Your videos are always right to the point and in easily understandable terms. Steemit really seems promising, thx again for a point in the direction. Hopefully i get more sleep than last night with the exploring...

Thanks for the steemit recommendation. I probably would of caught on to it after it got popular if you hadn't . Looks like it may be the next big thing.

Greg.. another great video, I would n't have expected any less!!

Thank you!

This is the first video I've watched on Steemit. So far, impressions are that it's a bit like a big A4 piece of paper... but I do like that there is no censorship too!

Thanks Greg! I often hear your talk about puts and calls but never really understood what they were. I like that you always try to explain things concisely.

Great info as always Greg!

Good on ya mate. What more can I say...

Thanks Gregory. I watch you all the time on Youtube. Love your work. I'm subscribed.

thank you! You really took something that does seem complex and simplified it so the average person can understand.

Will try to keep up this time Greg. Thanks!

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Absolutely the best video outlining options. Great description of your basic put and call strategies. Greg is always educating us, the average investors.

Thanks... Never too late to learn.

Thanks greg for all you do

And thank you my friend.

Greg,
Do you know if there are any actual collateral requirements for the Future Markets and what they may be? You always here about the outlandish number of futures contracts sold compared to the collateral held against in case of delivery is taken. Is it the case that essentially and properly licensed company/individual can sell a contract even without collateral with the obligation to deliver if requested?

I understand what you are saying here from running my own test accounts in the past. The only thing that scares me with options and why I haven't really tried to pursue them is because If the trade goes against you, then you get stuck having to buy 100 shares of company XYZ or do u have the choice of actually canceling your contract with a minimal loss and avoid getting stuck with the shares? That's the only part I haven't been able to really understand and quite frankly has kept me from getting involved in options. I've heard you say that you get out if it goes against you and bet the other way but if you get out are you obligated to buy those 100 shares or do you just take a loss? Can you clarify that piece of it in regards to the risk of a bet going against you?

Interesting platform here. thanks for the recommendation Greg.

Thanks for taking the time to educate the public.

Hi Mr .Mannarino I have been following you on You Tube for about a year and a half now . I listen to you ASAP every day . Keep up the good work !!! Thanks to you I am on Steemit now and so far it's pretty freakin' cool.

This is one of my favorite videos because I am still learning options. You very clearly explained "the lingo" for example July 50 Calls with company XYZ. Because there are many of us still learning the lingo, I very much appreciated your willingness to teach (us kids still in Kindergarten) in the world of Options. Thanks Greg, I'm going to watch the continuation, and hope you post more teaching video's so I can graduate to 1st grade :)