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How To Open and Close an Option Trade

Options are a powerful trading tool. They help traders determine their risk by showing the precise downside potential, while still offering outsized profit potential. That said, options have a steep learning curve. And if it’s your first time trying to trade them, you might get a bit overwhelmed with the process. So, in this simple-to-understand guide, we’re going to walk you through the most basic aspects of option trading: opening and closing a position.

How to Open an Options Account

This guide walks you through how to set up an online brokerage account and start trading options. But most importantly, this guide reminds you to make sure you have a clear idea of what you hope to accomplish. Options can play many different roles in a portfolio, and having a goal helps you strategize more efficiently.

Guide to Options Trading

In this guide, I share the three truths about trading options that most people don’t know when starting out. Included is an easy-to-understand explanation of calls and puts, as well as how to pick the right option trade and calculate the risk and reward. You’ll also learn about three major factors that determine option prices and therefore, your profit potential.

The Jeff Clark Trader Guide to Technical Analysis

This is my complete breakdown to all the technical analysis I use when trading or when making recommendations. It explains the anatomy of a chart pattern and the various technical indicators and overlays to help you identify them. Plus, it features full illustrations and explanations of all of the chat patterns I use most frequently in Jeff Clark Trader – and lays out exactly how to use them.