Great explanations TTC - well articulated & illustrated. Options are certainly not for the faint hearted - can be volatile & illiquid beasts. Often seen heads rise +30% while oppies rise +200% (same in reverse). Always good to get in on options which are either in the money or close to it - and as far out from the ex date as possible. If you believe in the company it's good to own both heads & oppies. What proportion depends on your risk profile.
