AI is the hot new buzzword these days, sparked by the release of ChatGPT a few months ago. Since then, it seems everyone has used OpenAI’s software in fascinating (and sometimes scary) ways.
So, I jumped into ChatGPT and asked it to come up with the top questions that new and advanced traders ask about options trading. This week's podcast explores the 15 questions - and answers - that options trades want to know.
See all 15 answers here
- What are options and how do they work?
- How much money do I need to get started in options trading?
- How do I select the best options trading strategy?
- What are the key components of an options contract?
- What is the difference between a call option and a put option?
- What is the difference between buying and selling an option?
- How do I determine the strike price for an options contract?
- What is implied volatility and how does it impact options trading?
- What are the risks involved in options trading?
- What are the different options trading strategies I can use?
- How do I calculate profit and loss for an options trade?
- How do I manage risk in my options trading portfolio?
- Should I use technical analysis to inform my options trading decisions?
- Can you use charts and graphs to trades options?
- What are some common mistakes to avoid when trading options?
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