People say that investing in stock is like playing checkers, while investing in options is like playing chess.
The power of options lies in their versatility. They enable you to adapt or adjust your position according to any situation that arises. Options can be as speculative or as conservative as you want. This means you can do everything from protecting a position from a decline to outright betting on the movement of a market or index. This versatility, however, does not come without its costs. Options involve risks and are not suitable for everyone. Option trading can be speculative in nature and carry substantial risk of loss. Only invest with risk capital.
One thing i can promise you, once you learn the power of stock options, investing will never be the same again. Trade Smart & Take Profits When You Can.