There are people who earn money, which is correlated to creating value in society, and there are people who earn money by creating money-making schemes, which don’t correlate to real value in s

This time last year the government was busy bailing out the banks, but now it looks like the banks may be bailing out the government. According to a story in today’s New York Times, regulators

In the movie Network, veteran news anchor Howard Beale utters one of the most famous lines in cinematic history, “I’m mad as hell, and I’m not going to take this anymore!” We

I've recommended owning extra puts and calls as insurance against a major stock market move, but this insurance is only needed by traders who own positions with negative gamma, and who could oth

In last week’s article, Back Spreads Insure Against Investing Catastrophes, I discussed using back spreads as a means to establish a low-cost position that would benefit from a sharp directiona

Don't forget to pack the health and personal property insurance when you head to college this fall. Both are affordable because most students are healthy and don't have a lot of expensive stuff. But

Back SpreadThis recent rally has left a lot of people scratching their heads. Personally,  I’ve been scratching my back. As in, using a back-spread strategy as a means of establishing some

As I've discussed previously, when you trade options, managing your positions is far more important to your overall profitability than choosing the "best" strategy. More money is lost by mi

  Dear Professor Smith, I’ve recouped a lot of money during this recent rebound, and I want to protect those gains. For portfolio-insurance purposes, am I better off buying a slightly

Editor's Note: This post is by Chris Mckhann, of OptionMONSTER.As new traders delve into options, they inevitably discover that there are a variety of options strategies. What they may not understand