by Anura Guruge
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As I have alluded to before, multiple times, I do play options and have done so for nearly twenty years. But, I just do covered calls. That I understand how to do, quite well, given that over the years I must have written hundreds of them.
But, I have no clue about any of the other option strategies. Today I heard ‘Iron Condor’. I have NO CLUE.
Over the years I have promised myself that I will teach myself options. Knowing who I am and what I can do, I do know that I will be able to master options and even be pretty good at it. BUT, I have yet to set out to learn options. I always appear to have some excuse — mainly that I am writing a book. Well, I am writing a book again …
I get a fair amount of e-mails from Fidelity — which is fair enough because I do have a fair amount of transactional volume a week through them. Quite a few of the e-mails have to do with informational or training events. Fidelity no longer calls me to offer me financial advice or access to financial advisors. They have access to my record and performance. They know that I muddle through … and that muddling through is all that I am interested in.
Last week I got an invite for this “Generating option trading ideas using Fidelity’s tools and resources” event — today, at noon. I knew I really should ‘attend’ because Fidelity’s option ‘platform’ totally baffles me. I don’t use it. Good ol’ option-chains is all I need or at least all I use.
I registered, which was not a problem. I got e-mails with a link. This morning I had yet another reminder — which was good. At 11:45, within the 15 minute pre-event window, I clicked and was automatically ‘enrolled’ without having to type in anything.
It was slick. It was seamless. No glitches. Very smooth. I was impressed.
I have, over the years, going back maybe 15 years, used various online Webinar technologies. I am sure this was the first time I had used ‘on24‘ Webcast. I was pleasantly impressed. It did what it had to do with no fuss and to me that is the beauty of a good Webinar tool. It should not get in the way. It should facilitate without getting in your face. That it did.
It was a decent educational Webinar. Yes, after 30 minutes I lost interest. But that is par for the course. I am NOT good, never have been, at any ‘classroom’ based education and training. I have to do it on my terms on my pace. But now I know some places to look.
I am going to bite the damn bullet and get the damn book EVEN if it is not available online. I know that that is what I should start with.
But, I am pleased and impressed with Fidelity and On24 — but, 99.6% of the time I am always impressed with Fidelity. They try and they are good.