MarkBrown said: what do you hope to gain by trading options in the first place? Become conversant with the jargon to impress at cocktail parties.
You have to know where to look and how to read between the lines. In other words, we have to work hard for it. No one here willingly hands out his/her winning recipe on a platter. Actually more than truisms, there are enough bits and pieces we retail newbies can pick up but we have to know how to string them together for a winning strategy. Besides, the USG ban waterboard as an interrogation strategy?
Guys, I am going to state my current opinion here and I hope you provide some good points as to why it's wrong/ignorant. Options market was created for hedging (just like Futures market). It is not suitable for retail traders with below exceptions: 1 You have a small account and you want leverage. 2 You want to hedge(and/or juice up returns a bit). 3 You want (and earned the right) to do lottery trades. 4 You have insider info. 5 You want to impress at cocktail parties! Thoughts?