The Institute for Options Research, Inc. Web Site is rich with resources for serious options traders. Home of Ken Trester's Option Master, Put and Call Tactician and The Complete Option Player. Free options trading advice, information and newsletter service. We publish software, books, video and audio home study courses and newsletters on stock, index and commodity options. (From Ken Trester, nationally renowned options expert.)
We highly recommend the Put & Call Tactician! In fact, we are so confident that you will find this resource useful - we are offering a 3 week trial subscription. for only $9.95. If you are serious about learning how to make money with options, you will definitely want to check out Ken's option trading software (Option Master and the Push Button Pro), books and videos as well.
Our winning philosophy for the options game:
Buy cheap, underpriced options (our pricing tables show you how to find the underpriced options).
Don't go overboard; play the options game with a small portion of your investment money, a speculative cash pool that you can put at risk and still sleep at night.
Beware of high expectations; if you expect to make big money immediately, you're in for trouble.
Have a game plan; plan to buy a certain number of options every month, invest in calls and puts, buy only cheap, underpriced options that are close to their strike price, buy options that have plenty of time left in them, consider other pricing factors (supply and demand, liquidity, interest rates) when you can.
Try playing on paper first; get a feeling for what can happen before you put your money and your adrenaline levels on the line.
You can get started without much cash, as little as $300 - $500, if you have a good game plan and you stick to it.
Learn and remember the basic rules of probability (we cover them); our system will still produce losing streaks and you have to be psychologically prepared to deal with that.
Not glamorous or filled with glowing promises, but it makes sense in light of what most options investors have learned the hard way.
We advise all readers that it should not be assumed that present or future recommendations will be profitable or will equal the performance of previous recommendations. Subscribers should recognize that risk is involved in any option or security investment. This publication should only be used by sophisticated investors who are fully aware of the risks in options trading.
The information contained herein has been obtained from sources believed to be reliable, but there is no guarantee it is accurate or complete and it should not be relied upon. It is a violation of United States laws to duplicate or reprint this publication for redistribution in any quantity without permission.
Copyright 2013 Institute for Options Research Inc.