I know almost nothing about options. Therefore, reading the various explanatory hieroglyphics in the options threads leads me to believe that there is a fairly steep and painful learning curve involved. I seem to be getting by just trading outright the couple of markets I follow. Even so, there is always room for improvement. As I understand it, to trade options, you generally need to have a directional bias, even if that bias is flat. (Perhaps Iâm mistaken. Iâm already out of my depth.) So, hereâs my question. Knowing what you do about options and how to trade them, how much better do you think your overall trading performance is, all else being equal (including risk), trading options as well as the underlying rather than just the underlying outright? Perhaps my question is naÃ¯ve, but before I seriously consider investing the time to properly understand options trading, Iâm trying to get an idea of what my incremental upside can potentially be, all else being equal (including risk). I realize that it can vary from one skill level to the next. That is why Iâm wondering if you think you could ballpark how different your own performance might be with or without options, in terms of annual return. Your various responses would be an interesting reference point. P.S. I had originally planned to read Natenbergâs book this summer, but somehow never got around to it. Would you folks say that this is the book to read or are there others you prefer?