A Straddle strategy is more conservative and will profit whether the stock goes up or down. The $65 Put is now Way-Out-Of-The-Money and its premium is now $0. 25

Source: The Real Articles: Finance | Stock Market Investing

The lure of big bucks might be appealing to novice investors but its a strategy for experienced traders. You need to have the right character to be a successful trader. Think of stocks as the baked potato and options as the butter melting on the hot potato

Source: The Real Articles: Finance | Stock Market Investing

If you can’t make up your mind which approach suits you, why not try more than one. You can always split your capital over a couple of portfolios, and use a different strategy for each portfolio. It’s also important not to abandon your system the second you see a trade making a loss

Source: The Real Articles: Finance | Stock Market Investing