One of the greatest advantages of options trading is its extreme flexibility in both the initial construction of positions and in the ability to adjust a position to match the new outlook of the underlying.

I am so grateful that I had the privilege of starting my career in the financial markets on the trading floor of the Chicago Mercantile Exchange. The most important lesson I learned was how money is REALLY transferred from one trader?s account to another.

With a new year comes new resolutions for us to pursue. Better fitness levels, weight loss, a new career perhaps, and of course, making more money are some of the more common resolutions made at the beginning of every year. I think it?s great that a change in the calendar provides an impetus for many people to set new goals.