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Make sure to read Natenburg's Options Volatility and Pricing for a great intro how to value options. I like Ken Trester's books a lot for some good basic strategies and ideas about managing trades. You can find some other books I suggest on my site...

These guys aren't teaching you anything you couldn't learn from some good options books. There are some great books on my website: http://www.options-trading-resources.com/index.html Click on the Book Reviews page. Good Luck! Regards, Steve...

Delta1, I trade Leaps and sometimes substitute them for stocks when writing covered calls. Regards, Steve http://www.options-trading-resources.com/EliteTrSig Option trading information and tools the pros wish they had! A former Chicago Mercantile Exchange employee reviews stock...

sluzbenik, George Fontanills is the King of Delta Neutral trading methods. His book, The Options Course has excellent information about implementing a Delta Neutral Strategy. The Options Course also has a companion workbook that has a couple of dozen pages to help you hone your skills...

Interactive Brokers also requires some experience. That being said, there is no way for them to "investigate" your claims when you fill out your application. There is no "test". You will be taken at your word. However, they will use your application as evidence should you blow out your...

Eliot, These are all very good thoughts. I couldn't agree with you more about learning Technical Analysis. Learning to read charts is a big asset. I am a big fan of Tom O'Brien's Timing the Trade: http://www.options-trading-resources.com/stock-market-symbols-chart.html While you are...

I noticed the book link didn't work. Here it is again. http://www.options-trading-resources.com/Options-Trading-Books.html Regards, Steve http://www.options-trading-resources.com/EliteTrSig Option trading information and tools the pros wish they had! A former Chicago Mercantile...

IIACE, If you would like some good information to get you started in options, visit: Chicago Board Option Exchange: http://www.cboe.com/LearnCenter/default.aspx I've also listed some books on my website at: http://www.options-trading-resource...ding-Books.html Regards, Steve...

Eliot, There is nothing wrong with that strategy, providing: 1. You are selling naked puts on stocks you don't mind owning, at the strike you are writing. 2. You keep enough capital in your account to buy the stocks if you get assigned. (Also check with your broker about margin...

Lasner, Your question is very general and difficult to answer directly. When buying options, you must have a full understanding of the varialbles that affect price. Time is but one of them. If you would like some good information to get you started in options, visit: Chicago Board...

Glad to help Eliot. Regards, Steve http://www.options-trading-resources.com/EliteTrSig Option trading information and tools the pros wish they had! A former Chicago Mercantile Exchange employee reviews stock option trading software, books, and web sites and online income opportunity.

Eliot, I use PowerOptions everyday and think it is a great resource. You can read a review I wrote about it on my website. You can also get a 14 day trial membership. Follow any of the links from the review page. http://www.options-trading-resources.com/Power-Options-Info.html Also...

a529612, It all depends on your goals. Like vhehn and MTE, I like to write near month. I write for income and like the quick depreciation I get in the near month. I look to make 5% called/uncalled. If I can't get that in the near term, I often write further out and buy back the calls...

hellomarket, As the others have mentioned, you are seeing the rapid erosion of time-decay in the last month of an options life. Time decay (theta) does not move in a straight line, rather it erodes at a much quicker pace in the last month. Here's a good visual...

Options are seldom assigned prior to expiration. Most people will simply sell a call that they are long rather than take the trouble and pay the extra commissions to exercise the option and sell the stock. One of the previous posts explained the assignment process. You typically will get...

zdreg poises some interesting questions. the CBOE has created a Buy-Write Index (BXM) to address some of these issues. You can learn about it and see how it performs at: http://www.cboe.com/micro/bxm/introduction.aspx In a nutshell, a buy-writie strategy seems to outperform the S&P 500...

Adle, Covered calls are a great way to increase your return, and lower your risk. There are a couple things you might want to consider about your approach. First, the biggest advantage to an option writer is time. Time works in the writers favor. The time value built into an options price...

Arnie, great info. 888 is a great resource for learning options. I have some other learning tools and links at my website as well: http://www.options-trading-resources.com/Explain-Option-Trading.html I am in the midst of developing a tutorial program in newsletter form. Visitors can...

I have posted a some free options calculators and programs at http://www.options-trading-resources.com/Option-Trading-Software.html Regards, Steve http://www.options-trading-resources.com/EliteTrSig Option trading information and tools the pros wish they had! A former Chicago...

In most cases, options prices do not move quick enough to daytrade. Take a look at the daily price action of any option, and you will find a much tighter range than the underlying equity. You also have to take into account the amount of money you would lose due to slippage (buying at the ask...