Introduction

My primary interest in maintaining this online trading journal is to document my options trades and to discuss active options strategies that can generate monthly income. I only target 10% of my portfolio to active options strategies – this percentage varies based on market conditions for such trades, but stays in the 10% to 15% range. Options trading has large potential rewards, but also large potential risk. I have found that options trading done intelligently can be a useful diversification tool – mixed with the more conservative approaches in my portfolio.

Besides discussing potential options trades in my Blog – I also list my trading account stock positions in the Sidebar.

I did not set this site up as an educational resource. If you are new to trading options – I would highly suggest starting with a good book. I personally recommend the following:

• Best Book for Options Trading – Beginner:  Options Math for Traders by Scott Nations
• Best Book for Options Trading – Intermediate:  Think Like an Option Trader by Michael Benklifa

There are also many free websites with great information – here are a few:

• Investopedia – Options Basics Tutorial
• The Motley Fool – Options: A Foolish Introduction
• The Options Playbook – Introduction

Please feel free to leave remarks regarding any subject you may have questions about, or would like to see addressed in future blog posts.

Thanks for visiting,