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rmorse and spindr0: Thanks for the suggestions, I will look into them.

Thank you very much for the replies. rmorse: I apologize for having been unclear, I was in fact looking at stocks first. These stocks are the output of a stock screen that ranks stocks: "value stocks" that are expected to rise significantly over one year are towards one end of the ranked list...

you should not look at the options first. Decide on a trading strategy for the security first. You want to be long, short or believe nothing will happen over a period of time with that security I'm sorry, I think I wasn't being clear: I'm bullish on the securities that the stock screener lists...

I'm new to options and am interested in using them to goose performance and hedge risk, in combination with stock screeners that try to choose equities with a given direction, e.g. bullish. Three ideas are given below, feedback would be welcome. The stock screener I'm most familiar with is by...