You’ve heard the rumors: options trading is a complex, high-stakes game reserved for Wall Street wizards.
But the truth is, anyone can harness the power of options to potentially boost their investment returns.
With the right guidance, you can unlock a world of strategies and opportunities.
That’s where YouTube comes in. This platform is packed with expert traders ready to share their knowledge for free.
In this post, we’ll cut through the noise and introduce you to six of the absolute best channels to supercharge your options trading strategies.
Get ready to level up your trading!
1) David Jaffee from BestStockStrategy
I'm David Jaffee, a former Wall Street investment banker, and I share my trades every month and provide concise educational content about options trading. I also offer an options trading education course and option trade alerts for members.
2) TastyTrade / Tastylive
While I don't agree with most of TastyTrade's methodology, selling option premium is a great way to earn a consistent profit. Tastylive has a ton of resources and valuable free information. With more than 400,000 subscribers, Tastylive produces live programming every weekday, Monday to Friday.
Tastylive is great for beginning traders to learn the basics, however I believe that option traders who follow Tastytrade take too much risk and will almost always be forced into a margin call during a recession.
Also, I believe that traders who strictly follow Tastytrade are encouraged to trade too often, which can lead to trading losses.
3) ProjectFinance
Chris Butler, creator of ProjectFinance, used to work at TastyTrade. I believe that his brother, Mike Butler, still does.
His videos are well made, and they are relatively simplistic.
ProjectFinance, previously called ProjectOption, is a great resource for beginning and intermediate options traders, and Chris Butler provides very good advice.
4) InTheMoney
With more than 440,000 subscribers, IntheMoney is one of the larger YouTube channels devoted to options trading.
I've done a review on Adam from InTheMoney.
He's incredibly intelligent.
Adam is a great resource if you are interested in learning about options trading.
5) TJtheWheelDeal
TJ is a hardworking, self-made, former Uber / Lyft driver who has built up a $5MM+ investment portfolio.
He live streams multiple times per week.
His preferred trading strategy is to run the wheel, supplemented by selling additional puts to reduce cost basis (a covered strangle) while also profiting from capital appreciation in the underlying security.
TJ is transparent, entertaining and very knowledgeable. You can subscribe to his channel here.
6) Karl Domm / Real P&L Channel
From the Real P&L channel, Karl Domm shows his profit and loss statement every single month, and he is incredibly honest.
The Real P & L channel is a great resource because it delves into advanced options trading and hedging.
Karl's approach focuses on minimizing portfolio volatility and reducing drawdowns.
Final Thoughts - Best Finance YouTube Experts
You can learn about options trading from YouTube experts without spending a penny.
The six YouTube channels mentioned above are an excellent place to start.
Frequently Asked Questions (FAQs) - Best YouTube Finance Experts
What are the best options trading channels on YouTube?
In no particular order, the best option trading YouTube channels are:
1) BestStockStrategy
2) InTheMoney
3) ProjectFinance
4) TJtheWheelDeal
5) Tastylive
6) Real P&L
Can I learn options trading for free on YouTube?
Yes, you can, but it'll likely take you a long time and you may be better off taking a comprehensive course to save time and minimize mistakes.
You can enroll in an options trading education course at https://beststockstrategy.com/memberships/
What are the drawbacks of learning options trading for free on YouTube?
The biggest drawback is time and a lack of comprehensive knowledge. You'll likely end up spending a lot of time cobbling together disparate pieces of information.
Also, many of the best traders place their best strategies behind a paywall.
What about options trading YouTube channels that claim to turn $2,000 into $100,000+?
Most of these channels are scams. They tend to encourage very risky trades, such as buying call options using significant leverage.
The probability of making 1 cent, and not losing money, by following them, is close to 0%.
Many of the gurus who run these channels do not trade, and they also do not consistently share their trades and / or trading statements.
Is trading options better than trading stocks?
Trading options can be better than trading stocks, however it depends upon your trading strategy and your risk management.
Since options trading uses leverage, the potential gains, and losses, are larger when compared to investing in stocks.