The starting point when making any investment is your investment objective, and options trading is no different. What goal do you want to achieve with your options trading? Is it to speculate on a bullish or bearish view of the underlying asset? Or is it to hedge the potential downside risk in a stock where you have a significant position? The amount of money you need to start trading intraday depends on the type of securities you want to buy. If you're looking to trade options, the good news is that it often doesn't take a lot of money to get started. We start with the assumption that you have already identified a financial asset, such as a stock, commodity, or ETF, that you want to trade using options.
Although there is no strict rule about how much you need to have in your account to start trading, many brokerage houses will set this amount for you. Although it sounds complicated and can include a wide variety of strategic approaches, it's relatively simple to start trading with options. These are some of the simplest strategies for trading options, but they might be worth considering if you're just starting out.