(Please click here to download Options 101: What You Need To Know).
For more than a decade, I traded options on the floor of the Pacific Stock Exchange in San Francisco and the Chicago Board Options Exchange. It was an exhilarating ride, and I had the benefit of working with some brilliant mentors. It also took a lot of work. I learned that options can be a valuable part of portfolio management or as a stand-alone strategy.
At Mirador, I find myself drawing on this experience to answer questions about options from clients. In most instances, it’s an exercise in demystifying options and explaining when they can be used successfully – and when they should be avoided altogether.