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Millennial Investing - The Investor’s Podcast Network
MI Rewind: Should YOU Trade Options? with Tom Sosnoff
Dec 15, 2023
49:27
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Tom Sosnoff, a well-known entrepreneur and options trader, discusses options trading, including strategies for beginners, implied volatility, expected returns and risks. He also explores Warren Buffett's options strategy and the concept of improving basis through options trading.
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Quick takeaways
- Options trading provides strategic and liquid marketplace opportunities, allowing profit even when incorrect.
- Taking calculated risks can change the trajectory of one's life and should be embraced.
Deep dives
Options trading discussed with Tom Sosnoff
Tom Sosnoff, a well-known entrepreneur and options trader, discusses the ins and outs of options trading, including how it works, strategies for beginners, expected returns, and risks. He emphasizes the benefits of options as a strategic and liquid marketplace, highlighting the ability to profit even when being wrong. Sosnoff encourages taking measured and calculated risks in trading, advocating for trading small and often. He also shares practical advice for options traders, such as the optimal timing to cover positions and the importance of risk management.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode