Rayvt,You wrote, Options are high risk, much riskier than stocks. That's okay, it's the nature of options -- people who know about it and know how important risk management is, can do just fine. However, newbies know none of that stuff and so are going to invariably lose their shirt.No. Not invariably. A few will get lucky and make a killing. Then they think they're experts or have a talent or worse yet, they think they understand the options market better than everyone else.- Joel
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