What is the average salary of an option trader per month?

Option Traders are the key people of the stock markets and their average salaries in different capacities such as tutor, specialist, and analyst do differ.

The salary of an option trader is completely dependent on the country, experience and the size of the firm. However, to express in a grosser level the average salary of an option trader in India is in the bandwidth of Rs. 1.0 Lakh to Rs. 8.3 Lakhs per month.

Salary of Option Trading Tutor:

You can join platforms like Udemy and provide guidance on how to trade options online. An online tutor in India can get around Rs. 40,000 per month for instance, tutors in Mumbai will charge around Rs. 1500 per hour.

Tutors Need Skills to Deliver Online Virtual Lectures:

1. Trading Skills: You must have the potential to understand and deliver concepts and principles of option trading.
2. Teaching skills: You must be able to engage in courses, lectures, workshops and assignments.
3. Communication skills: You must possess clarity to convey complex and technical info in a concise manner.
4. Interpersonal skills: You must maintain good rapport with students, peers, and employers.
5. Marketing skills: You must be able to engage the audience over social media, podcasts, blogs, etc.

Salary of Specialist

You can earn an average salary of Rs. 6.4 Lakhs as an Options Trading Specialist and you must have specific skills to function the duties effectively.

1. Risk Management Skills: You must be able to judge maximum downside, break even point, and risk-reward ratio which will be parameters to assess and control risk.
2. Discipline skills: You must be able to stick to the formulated trading plan okayed on extensive research, goals, and related strategies, and exit conditions.
3. Technical analysis skills: You must be able to utilise tools and techniques like patterns, trends, charts, and signals.
4. Communication skills: You must have the skills to materialize complex and technical info with great clarity.
5. Detail-oriented Skills: You must keep minutest details of option contracts like strike price, expiration date.

Salary of an Analyst

You must be able to conduct research on global trade, analyse data and regulations. HR experts in Indeed say, the average salary of a market analyst in India is Rs. 2,50,000 per year.

Skills Needed by Analyst to Conduct Option Trading:

You must hold analytical skills, research skills, focus skills, customer service skills, and detailed oriented skills.