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I don’t trade options but I do use them to manage some of my stocks. Options are a derivative, and derivatives are inherently more volatile, so it is a different game. They also are almost always going to be taxed as short-term gains/losses. And playing options instead of the underlying stock means no dividends if that stock pays them.
Way back in the middle of the last century I read a book called “Options as a Strategic Investment” and learned the Black-Scholes math and several options strategies. I was very active with options in the late 1970s and early 80s, but once I started really working my career I found I didn’t have time to watch them as closely as I needed to (this before instant Internet pricing). I built computer models on my first PC and used that for a while, but those are long gone now.
Since I retired and have time again, I have gotten back into writing covered calls, but that is about it.
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