The options ladder. Newby question

Yes, buying puts and calls is like in buying insurance. Selling puts and calls is like selling insurance. It is better to be a seller of insurance than a buyer over time. This is because implied volatility is always greater (over time) than actual volatility.
Except as a retail writing options, you will not be profitable if you write them mechanically without thoughts. To be profitable, even insurance companies have to figure what to write and what not to write.
 
Except as a retail writing options, you will not be profitable if you write them mechanically without thoughts. To be profitable, even insurance companies have to figure what to write and what not to write.

Just got off the phone with a buddy who's shared "thin" VIX times with me -- us both saying how stingy things looked right now, and that we would never write below (14 or 13 or [gulp!] 12 again....) :confused::confused::confused:
 
Also Google "CME QuikStrike" - there is a free application called "Essentials" and even more extensive (and free) modules on the website.

Yeah I registered on that site yesterday:
http://cmegroup.quikstrike.net

Also started reading 'Trading Options For Dummies' which has a few sites listed and which I will be checking out individually (in the hopes of finding a demo account to trade or paper trade)

BATS Options: www.bats.com/us.options
Nasdaq Options Market (NOM): http://business.nasdaq.com/trade/ US-Options/NOM.html
Chicago Board Options Exchange (CBOE): www.cboe.com
International Securities Exchange (ISE): www.ise.com
NYSE ARCA Options (NYSEARCA): www.nyse.com/markets/arca-options
Philadelphia Stock Exchange (PHLX): www.phlx.com
 
Can anyone tell me what the 'call settle' and 'call' columns mean? Is it the premium spread? Thanks.
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