Using Options to maximize profits and minimize risk.

For people new to options trading I highly suggest using this strategy. By properly sizing your position based on account size (check out tastylive on youtube for everything you need to know) this strategy allows you to make the most of your position. It allows you to capture a large profit if the price moves higher while also giving a good bit of capital protection if the price goes down. As you get more understanding of options you can use more advanced strategies by using different ratios of selling covered and naked call options and selling or buying put options in order to change your delta and gamma on the position. While it may not be the most capital efficient way to be in a position I feel it allows  great opportunity for beginners to be able to put  a position on and see how things work with the least risk to your initial capital. While maximizing your expected profit for the time in the position.