Demystifying Options Approval Levels

After filling up some loopholes with my previous article, Back to the Basics, I continue the discussion here with another commonly overlooked area of option trading ? option level approval. Brokers assign to their clients, at the time when the account is being opened, one of several option approval levels supposedly based on the option trader's knowledge and needs.

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Exploring the Bias of Options Market Makers

A number of readers have e-mailed me requesting both a further explanation and interpretation of the option chains. This article is aimed at explaining, in greater detail, how to read the option chain in order to make a better trading decision. This scrutiny of the option chain can give us better insight into the bias of options market makers…

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