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I want to learn to trade stock options -- or rather, I want to learn whether to trade options. I don't want to jump in with both feet right now, but I want to start leveraging my nerdiness to assess whether I have any chance of success.
So here's what I need to know, if anyone has any experience with this: First, I want to be able to test ideas out against historical options prices. But where can I download the necessary data without paying $4,800 per year (for fuck's sake). Second, I want to start a "fantasy" portfolio. Does anyone have any recs on the best site for this? It would have to allow options trading using real market data.
Finally, feel free to tell me if you think anything other than value investing is retarded on account of 50 supercomputers in a Newark warehouse programmed to kick my ass. My motivating idea is just that I'm holding some stocks that I don't want to get rid of yet for tax reasons, and I want to know why I can't just start writing calls against them. ... And also are there other strategies I should be looking at while I'm at it?
TL/DR: Where can I download historical options data? What's the best site for a fantasy options portfolio?