📚📈 Options Trading: How to diversify & lower risk

This video is about how to diversify your options portfolio and lower risk.
The speaker says the best way to diversify your options portfolio is by having different option types, both call options and put options, on different stocks with different expiration dates. They mention that they typically have 10 to 15 options open at one time to diversify their risk.
The speaker acknowledges that this requires a lot more attention. They believe it is important to find a balance between the time you are willing to spend trading and the risk you are willing to take by how many options you have open at once.
The speaker also says that they don’t typically put all their chips in at one time. Instead, they will start out a position with $200 or $300 and add more money to it if the option starts going against them. This way, they can lower their average cost.
The speaker believes that it is important to add in over time instead of going all in at once.