The best way to think about options is this
“Options give you options.”
There is no free lunch with stocks and bonds. Options are no different. Options trading involves certain risks that the trader must be aware of before making a trade. We’re all creatures of habit — but some habits are worth breaking. Option traders of every level tend to make the same mistakes over and over again. And the sad part is, most of these mistakes could have been easily avoided.
If you know how options work, and how to use them appropriately, you can have a real advantage in the market. Most importantly, options can allow you to put the odds in your favor.