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Thanks, I really do appreciate you taking time out to educate me. I think you are right, there is an element of wishful thinking. The fact that you don't trade options and know so much about them should give newbies like me pause did thought. How about of you had a stock that had broken out and...

Yes I'm beginning to understand where you're coming from. There is no free lunch here.. I'm definitely with you, I would not sell options at all, wasn't there a large fund that recently blew up doing that? If I wanted to start off with just buying vanilla calls and puts how would you recommend...

Well, that could apply to someone with $50,000 - they may be clueless. A person with $50 may be a far better trader than most, they just don't have the capital.

Hi, thanks for this, I'm learning plenty from your posts. Regarding your point on buying the underlying rather than an option, will you not then miss out on the leverage that options provide, especially if one doesn't have the account size to buy the underlying? Thanks.

Ok but what if you buy an itm call on an option with a .7 delta and the underlying is rising? Is there not a good chance your call option will increase in value?

Thanks! I suppose you won't give away a bit of your secret sauce? : )

Thanks I think I sort of understand this but being a bit thick here. Any chance you can give an example of what you mean? If say, on the daily for frame you see a stock breaking the 200 MA to the upside, is that a signal to buy a call option or is this too simple? Thanks mate!

Going to read your journal with real interest, thanks for sharing it. Do you mind if I ask you a couple of things? 1. What signals do you use on the daily chart to indicate if you will buy a call or put? 2. What broker platform do you use, from what I can see you trade futures options, is...

How do you let the trend drive the optimum timeframes? Also, are you talking about buying options here, not selling? Thanks.

Thanks, this is a really interesting post. I think that you may be right when you say that the market has priced short term single options quite efficiently, meaning that an edge is hard to get. However, I agree that inn the longer term it is harder for the market to price an option so, if you...

Wow, tripled your account! Do you mind sharing a bit on this strategy? Thanks.

Thanks This is really useful. So if not just taking a directional view what else do you need to consider? Thanks.

You've got it. Most people here are retail traders trying to learn. We're not trying to be the next hedge fund manager, we just want to learn how to manage our own investments.

Thanks, once you establish the trend do you then buy an ITM option in the direction of the trend? Also, do you consider delta as well? Thanks.

Thanks I'll check out your posts, I've got plenty to learn.

Thanks, this is my fear as well. At least with buying options your risk is defined. Do you mind sharing a little on how you determine which direction a stock is trending on? Is it via moving averages or do you use other indicators? Thanks.

Thanks, how about with individuals stocks? Outside of the very large companies, how easy is it to assess liquidity? Thanks.

Whose looking for a free lunch here? I think most people realise that is hard work but are here to try and learn and understand how some markets work. Do you trade options? If so, really interested to understand your take on buying options (vs selling).

Thanks Robert. I've definitely noticed that some symbols have options with little activity. How can you determine if an option for a particular symbol had decent liquidity? Thanks.

Haha, it's a British expression, didn't realise that it's not used in the USA! Thanks for replying, appreciate it. When you say "If the options markets are too wide or liquid, the cost of entering and exit can be high" what exactly does it mean? I thought that if am option was liquid then it...