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Financial Independence—Borrowing From Yourself

Use Your Savings Without Spending It We all love toys. Whether its a motorcycle, boat, or an RV, everyone has a weakness for something. Some of us are suckers for all of them. The thing … read more Financial Independence—Borrowing From Yourself

Financial Independence—Getting Started

FIRE or FI I’m sure many of you are familiar with FIRE and hopefully some of you are also striving towards that goal. My personal FIRE outlook has always been slightly different and likely falls … read more Financial Independence—Getting Started

Options Basics 4—How to Use the Options Calculator

To use a live version of the calculator, click here to visit the Wanderer Options Calculator Page. The Option Calculator can be used to easily calculate the quantity of at-the-money options you should trade in … read more Options Basics 4—How to Use the Options Calculator

Options Basics 3—Calculating Option Risk

How do we calculate the risk of an option.

Options Basics—Choosing a Strike Price

How to choose what expiration and strike price to trade can seem daunting when you first look at an option chain. However, 90% of trades will probably do well to just stick with one general … read more Options Basics—Choosing a Strike Price

Options Basics 2—Reading an Option Chain

There are a few basics to understand about reading an option chain.

Options Basics—Implied Volatility

Implied volatility is one of the key determining factors in an option’s value. Higher volatility equals higher price. During a normal, slowly grinding market, implied volatility is of less concern when trading options, because it … read more Options Basics—Implied Volatility

Options Basics—What is Delta

Delta is the ratio that compares the change in price of an option to a corresponding change in the stock. It’s easier to understand this way. Look at the image below of DAL stock. The … read more Options Basics—What is Delta

Options Basics 1—Calls and Puts

Options for Beginners Options are derivative contracts that allow buyers of the contracts to buy (using calls) or sell (using puts) a security at a chosen price (strike price) on or before a specific date … read more Options Basics 1—Calls and Puts

Options Basics—What is an Option

An option is a legally binding agreement between a buyer and a seller. The buyer of a call option has the right, but not the obligation, to buy 100 shares of stock by a specific … read more Options Basics—What is an Option