 What's going on guys? This is Giovanni from spyoptions trading here with another video I've been getting a lot a lot of a lot of questions about how do I choose the best strike price? The answer is the nearest option to the current price that spies currently trading What that means is if I'm looking to buy calls for instance, and let's just say for easy math Spies trading have two hundred and eighty dollars even. I'm looking at either buying the two eighty Calls or maybe possibly the two eighty fifty calls and as far out as the two eighty one calls Just depending on how far expiration is and as far as expiration goes I look to see that the nearest expiration is two days out Generally, I try to stay away from same-day expiration Options even though that's where the money is It's also where you can lose the most money same-day expiration Basically in a nutshell the closer expiration is the more money you can make quickly But also the same as true on the opposite end the more money you can lose quickly as well But take a chance guys figure out what your strategy is figure out what? Your risk tolerance is as well Generally again, I like looking around maybe one strike price above Where it's currently trading or below if I'm looking to buy puts Or maybe as far as two strike prices. That's a little tough you there. That's that's as far as I'll go It's as me is to strike prices out of the money and on the put side the exact same way To max preferably one I've traded a few options that have been in the money and that just buys you a little bit more insurance since it's already in the money and You don't necessarily end up losing a whole lot of time decay there And that's always then you got to find that sweet spot is is what I'm trying to say And it all comes with experience what your risk tolerance is Whether you're able to stomach those those drops whenever it goes against you, but again that answer super simple One strike price out of the money preferably Maybe one strike price in the money already, but as far as to strike prices out of the money And again, I'll make a separate videos at a later time Explaining what out of the money in the money calls puts all of that jazz. What are options in general? I'll make I'll make a separate video in the future for that comment below what you thought about this video Do you need me to explain it in better details? You're more than welcome to always email me with any questions put it in the description of my email And essentially what you're looking at is my trading station. It's nothing spectacular You can see my ginormous new awesome microphone, but just two screens. It's nothing Professional, but it gets the job done. You don't need a whole lot of money You just need the time and motivation to day trade and be successful at it Comment down below like and share of my videos subscribe to my channel You you'll thank me later. Thank you so much for watching