What's the biggest mistake most option traders make? It's sticking to just one specific option trading strategy, regardless of the underlying asset, claims CBOE instructor and "Trading Index Options" author James Bittman. By contrast, the truly successful option traders pinpoint the most attractive underlying stock -- and then select an option strategy based on its precise characteristics. Now, an in-depth new workshop from the "Trader's Hall of Fame" winner outlines precisely how to find the best stocks to use as a foundation for successful option trades -- and how to select the right strategies to trade them. From outright call & put purchases, to naked put sales, covered call positions, spreads or collars, Bittman provides step-by-step methods for choosing the right stocks and the perfect strategies for trading them - time after time. You'll even discover when outright purchase - or short sale - of a stock is really the best option of all. Bittman's five-star presentation highlights: - The difference between "trading" and "investing" with options - The psychology underlying long- and short-term stock-price moves - An ARMS-based trading strategy identifying overbought & oversold conditions - The importance of determining support & resistance levels for timing entry/ exit points. - Charting tools that aide in selecting prime trading prospects - Developing discipline and a definitive exit plan - the true key to trading profits No strategy is the best in every situation, but one strategy is the best in any one given situation, Bittman says and in this outstanding presentation he shows you exactly how to isolate that strategy on your next options trade.
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