Options investing is a field that most people do not know about. I am currently involved in selling naked puts and covered calls, but I hope to cover advanced options strategies eventually. Options trading and investing has to do with taking a position that a particular stock may go up, down or stay the same which makes the contracts very versatile.
The "Greeks" is a wildly used terms when it comes to options investing/trading. The term comes from the letters of the Greek alphabet being used something totally not related to the Greek language, or culture, but rather as a very specific term or formula as it relates to options risk and pricing. Despite trading a lot of options contracts every month I have never built a strong foundation when it comes to understanding 'The Greeks.' The reasoning is probably because when it comes to options I am mainly self taught once a friend taught me about selling naked puts. I taught myself [...]