bah bah bah, way to granular on ET, please don't take it personally. I like the fact that Mr Buffett trades options.
Look Lylec, bringing up Buffett for options is not better than brining him up for bonds. He DIDN'T make most of his money using options, so if you want to promote options for the sake of this thread, you should pick someone else. Using your approach I could say, hey bonds are the best instrument because Buffett trades bonds! Why don't you mention Peterffy (an option trader) or even Mark Cuban? They would be a better candidate for your argument. Cuban didn't even trade options but used them to protect his Yahoo shares from falling while he had to wait until he was allowed to sell them. So I could argue that options played a huge role for him being a billionaire. Anyhow, the OP's question is kind of irrelevant/moot. The answer depends on what one wants to achieve....
Many trade options. My point is Buffett trade options also. He is more well known and wealthy than Peterffy and Cuban combined and multiplied a few times.
Tell me more of this man. So he trades options. How about some commodities? Heck he must be in crude oil now
Investors always raise him as the premier trader when they're talking with traders. Buffet doesn't trade..
The "deck" is set up for the benefit of the biggest users. So it is stacked FOR them, not against us. The system is not out to screw the small players - but it does because we are so small are are invisible and have no voice (money). I'm not splitting hairs - if you get into the mind-set that the market as a whole is after you personally, it will impact on your trade management and risk management decisions. i.e. you will become an emotional trader, and we know this leads to failure.