By Lawrence G. McMillan
Many traders are drawn to buying calls and puts because of the leverage options provide. Unfortunately, that same leverage is the reason so many option buyers struggle, even when their market outlook is correct.
In this article, I break down the principles behind successful speculative option buying, including how volatility, delta, and time horizon affect option performance. The accompanying recorded webinar explains how to select the right option, size positions responsibly, and manage trades after entry using models and follow-up strategies.
This is not a “get rich quick” approach. It’s a disciplined framework designed to help traders understand how options actually behave, and how to avoid the most common mistakes.
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