Recently I have gained an interest it options in addition to my normal share trading which I currently most do on the US Markets thought Interavtive Brokers. Some questions:
- Any good books to read? Have read a number of pages via Google and the last 5 pages of this forum, and most of the books on Amazon that are rated highly seem to have fake reviews or are very basic. Any must reads out there?
- Any recommend traders which good iPad software? I find IBs iPad app to not be great for trading options and easily seeing the price at different strike points.
- In regards to closing trades I have read a lot on here about just selling the position rather than exercising the option, as you don't need the liquidity. Is this was most do? I can see the benefit here of having more option positions, I guess this would work well on a stock with a liquid options market.
- Finally does anyone know if IB automatically exercises the option if it's ITM and the liquidity is in the account?