Under Standing option trading Option is of two types Put Call Option can be bought Sold Results in 4 Choices Buy Put Sell Put buy call sell call Buying option is for speculation, hedging a sell holding and for insurance Best choice is to sell options, which has a better probability of success approx 70%. selling option is not speculative buying option is speculative if not done for hedging. According to theory we should sell options 45 days before expiry and buy back 15 days before expiry. If the market does not move 3-5 % during these 30 days we can get about 2% return for a annual return of 24 %. The market may move drastically in this period and can cause loss but the chances are less then 30% and there are defensive strategies available to reduce loss. If we can identify stock option with high IV rank 45 days before expiry they will give us higher premium . Avoid stocks with res...