The options market can be confusing for novice investors. MooMoo CEO Neil McDonald joined Market Domination Overtime to answer some basic questions beginning options traders may have. One thing McDonald highlights is how much easier it is to trade options now compared to just a few years ago. He argues "the market's really been against" retail options traders because they didn't have easy access to information. But now, with more information available, communities to share ideas with, and new trading tools, "there's never been a better time to be an options retail trader."
Watch the video above to learn more from McDonald including:
00:00:54 Hear McDonald explain the tools retail options traders have available to them
00:02:33 How much money should new traders start trading with?
00:03:52 Is it riskier to buy or sell options?
00:05:03 How McDonald advises playing Snap's (SNAP) earnings next week
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
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This post was written by Stephanie Mikulich.