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Same websites where you would find out how to stock invest. It's just a different platform and set of instructions, that's all (though, it is often bundled together with stocks). Try Investopedia; they have an options tutorial that boils down everything you need to know about options.

I prefer books; read the Bible of Stock options for more advanced strategies after watching beginning youtube videos. For websites, try theoptionsguide.com or investopedia.com.

You can try these

Schaeffer - http://www.schaeffer.com/

http://www.optiontradingpedia.com

Options - http://www.options-trading-advice.info/

Option Education - http://www.optionseducation.org/

Morningstar - http://screen.morningstar.com/StockResul...

Zacks - http://www.zacks.com/

Good luck

Use the butterfly. it's done well for me.

You can short the stock while covering both ends of it.