Ep. 191: How To Research Stocks For Options Trading
When trading "The Wheel Options Strategy," you only want to trade options on stocks that you want to OWN. But how to research stocks for options trading?
Which sites do you use to check for news on the underlying stock you want to choose?
Yahoo Finance? Seeking Alpha? Marketwatch? Benzinga? ...?
How can you KNOW whether you should trade the stock or not?
Trading Futures, options on futures and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources.
You may lose all or more of your initial investment. The lower the day trade margin, the higher the leverage and riskier the trade. Leverage can work for you as well as against you; it magnifies gains as well as losses. Past performance is not necessarily indicative of future results.
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