Hey everyone,
I’m 19 and started investing in stocks at 11. Over time I grew my portfolio to roughly 45k.
So far, I’ve mostly used options for directional/speculative trades, but I want to move toward a more structured and systematic use of options.
I already understand:
• Option mechanics and the Greeks
• Cash-secured puts and covered calls, including when and why they’re used
Some of my past option trades were:
• Calls on SPY and Tesla during COVID
• Calls on UBS before the Credit Suisse collapse
• Alphabet calls around 150 a few months ago (lesson learned)
Now I want to go deeper and would appreciate input on:
• Advanced options topics worth studying (volatility, IV, skew, term structure, portfolio Greeks, etc.)
• Strategies beyond CSPs/CCs that are actually useful long-term (not lottery-style trades)
• How you think about risk management and position sizing with options
• Whether you use separate accounts for stocks and options, and the reasoning behind it
My goal is to understand options as a risk and probability-based tool, not just leverage for short-term bets.
Thanks in advance — happy to learn from your experience.
19 y/o looking to go beyond CSPs & covered calls – advanced options topics?
byu/Unhappy-Chemist7024 inoptions
Posted by Unhappy-Chemist7024
4 Comments
I am Swiss and use Swissqoute as my broker.
McMillans options as a strategic investment book covers everything you are looking for
Tastytrade on YT has videos on strategies like straddles, ratio spread, diagonal, etc
Debit/credit spreads