Deep Options 03 Why Professionals Rarely Just Buy Calls

Here's how most options traders have done wrong...

One of the quiet differences between developing traders and experienced options traders is not their market view. It is how they express that view.

A newer trader often thinks in a very direct translation. If they are bullish, they buy calls. If they are bearish, they buy puts. The option becomes a levered expression of the same directional opinion they …