I recently learned about options and it's a very broad field or so it seems. The wise thing seems to be to learn a basic foundation of investments and investment principals/fundamentals and I've checked out several books. The intelligent investor, security analysis, Common Stocks and Uncommon Profits and Trading options by john wiley. What little I've read so far in intelligent investor seems to stress the importance of valuing companies based upon competent management, attractive numbers, ability to grow, competitive savvy, et cetra and that you should NEVER base your picks on speculation. My question is how does this translate into options which is short-term and seems to be based on speculation. If I make picks based on the tenets is it useless because the driving force is speculation? So then how do I use objective information to use options? Also how long has it taken for you to learn how to trade options? Do most of you hold degrees or do you just do it for supplemental income? What makes a good trader from a bad? Thanks for taking the time to read my post and for those who answer.