The Secret To Picking The Right Strategy Is Elimination NOT Selection

because there is no "one-size-fits-all" strategy for every stock.

Options provide amazing versatility for traders in any market condition. Unlike trading a stock long or short, with options you need a strategy — or a number of strategies — to take advantage of the different opportunities that a particular market offers.

Options Strategies

But you can’t reach your investment goals being one dimensional. In each market scenario, you have to determine what you want to accomplish, which type of option you want to use — a call or a put — and whether the conditions require purchasing, selling or a combination of different contracts.

This free 11-part guide provides you with a step-by-step guide to the most important options strategies, tips and tricks for any market condition.

Too often traders will jump into options trading to just flat out “make money.” They have no real goals. Do you need monthly income or is this for a retirement account? What are you going to do with the money you make?

The industry's top traders narrow the range of strategies after they first establish goals. . .

Now that you have goals, where do you start with selecting a strategy? Do you want to protect an existing stock position, speculate on future prices movements or volatility, or  add income with limited risk? Since each strategy has different goals and risk/reward characteristics, it’s critical to know a little bit about each as you are getting started.