Explore Your Options by Tom Gentile
HOW I TRADE NOVEMBER TO MAY, OPTIONS STYLE
For each trade, an options trader has to decide whether to focus on high returns, or a high probability of being right. And that means learning to spot opportunities if you are a directional trader, or learning how to spot abnormal options prices that create favorable trades in terms of being statistically right. Whether you are a directional or nondirectional options trader, before you put your options trade on, you need to have an opinion—whether rules-based or not—of what the underlying stock is (or isn’t) going to do over a certain amount of time ...