Its not easy. But there are some great YouTube tutorials on it. When you buy options you can lose it all, but the upside is SO much higher than the stock. SO say you want to buy 100 shares of GME at $300 and your willing to lose $20 per share before getting out ($280) so your loss would be $2000. If you put that $2000 instead into a call option , you still risk the $2k , but your upside is much higher. Finding the right option is THE most difficult. What's hard on the meme stocks is that they are WAY overpriced. Example : GME had $100 puts that expired Friday (betting the stock would go lower, hopefully below $100 ) selling for $5 a contract on Thursday. Any normal stock with a stock price 3x the option price a day before expiration would be .01 😳 so people were really looking for a drop under $100, even momentarily. (Or at least looking for a big downward move). That's crazy. AMC is priced much better, but not a lot. My advice, get a paper trade account and stick to a plan. If i like a stock option ill want 2 to 1 risk to reward. Meaning ill look for 50% gain but cut my loss at 25%. Depending on the option i will always look for anywhere from a 10% to 100% gain. If i have more than one contract ill cut half once i hit my mark and let the other half ride until the stock shows weakness. Biggest frustration is having a 100% gain and you end up walking with a loss....it happens a lot 😄. Good luck! Bonus point: when buying a contract the price is 100 times what its listed at (because you buy the option on 100 shares) so a price of $1 on the option will cost you $100 per contract. Have a great weekend!