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George

Does anyone here know how to trade cheap options?

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Hi

I'm looking into options strategies (swing trading) that can help identify cheaply priced options that have a big upside potential.

Does anyone know how to do this?

How to find these options and how to identify if they are cheap or not?

 

Thanks in advance

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On 12/23/2020 at 9:48 PM, George said:

Hi

I'm looking into options strategies (swing trading) that can help identify cheaply priced options that have a big upside potential.

Does anyone know how to do this?

How to find these options and how to identify if they are cheap or not?

 

Thanks in advance

This is almost the identical post I just wrote for a different BBT member, but the questions are closely related.

Sorry for the delay in responding, but I am just getting back into reading the forum again. Hopefully you will still read this.

When I started with a small account I only used vertical spreads. It was perfect for a small account since you get quite a bit if leverage with a built in max loss. Since you are only paying for the spread not the option they are dirt cheap and easily affordable for a small account. I recently bought GDX for about $40 a contract (40 cents per share) with a long call vertical spread with a 6 week expiration. 

I have an account with Tastyworks , I really like their platform. I also like their TastyTrades channel.

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