Of all the dilemmas that option traders face, the question of when to take profits or cut losses is frequently at the top the list. Here, Michael C. Thomsett shows you how to best navigate options trading with specific goals and a bailout point in mind.
Managing Your Portfolio With Options, Part 2
What’s the “Double-Whammy” short put strategy? In this conclusion to Michael Thomsett’s series on good portfolio management, he explains an options trading strategy that will not only add cash to your account, but also help manage your portfolio.