229: 15 Options Trading Questions from ChatGPT

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

1. What are options and how do they work?
2. How much money do I need to get started in options trading?
3. How do I select the best options trading strategy?
4. What are the key components of an options contract?
5. What is the difference between a call option and a put option?
6. What is the difference between buying and selling an option?
7. How do I determine the strike price for an options contract?
8. What is implied volatility and how does it impact options trading?
9. What are the risks involved in options trading?
10. What are the different options trading strategies I can use?
11. How do I calculate profit and loss for an options trade?
12. How do I manage risk in my options trading portfolio?
13. Should I use technical analysis to inform my options trading decisions?
14. Can you use charts and graphs to trades options?
15. What are some common mistakes to avoid when trading options?