If you’re looking to pick the best option contracts with low risk, try picking monthly contracts. Monthly contracts have low theta and high deltas.
Reason I prefer monthly options over weeklies is because you get slower time decay, more time, more pay upfront with less trades, and more consistent high probability trades
If you have a full-time job and you still want to trade in the stock market, you can swing trade shares, pick +30DTE contracts, or even scalp the first/last hour of the market hours.
Webull has a customized screen that lets you customize your option trading layout by adding as many widgets and resizing to your liking.
You can go to finviz dot com and see a visual map of the top stocks in the S&P 500
In this article we discuss the importance of support and resistance levels and how to identify them.
I like to start with $500 – $1,000 in option trading because it teaches me how to control my emotions during a loss without losing too much money.
To pick a good option contract make sure the volume is high, the IV is low, the bid and ask spreads are tight & that liquidity is available.
The “T” in T+1 stands for trade date. the day you sold your option contract; and “+1” stands for additional days to add. T+1 means your money will be ready the day after you sell your option contracts.
The best solution to get unlimited day trades on a Robinhood account is to have a cash account type. This will allow you to avoid the PDT rule.