Explore Your Options by Jay Kaeppel
TRADING LONG CALLS OR PUTS
I’m relatively new to options trading. I like the idea of buying a call option and spending less than it would cost to buy the underlying shares. I’m just not sure which strike price to buy. Are there any guidelines or rules of thumb that can help?
Yes, there are lots of guidelines and rules of thumb that can help. At the same time, there are no hard and fast rules or “correct” answers ...