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THE OPTIONS COURSE- Tools of the Trade

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THE OPTIONS COURSE Tools  of the  Trade Options traders today have a wide array of tools at their disposal.  Thanks to the Internet and the proliferation of finance-related web  sites, a great deal of information is available at no cost at all. In addi tion, many online brokerage firms today provide a large amount of research,  information, and analytical tools to their customers. However, the  abundance of tools and information can also be a double-edged sword when  traders get bogged down by information overload and subsequently lose  sight of the real objective of options trading—making profits. We examine some of the tools traders use. Not all of  them are necessary. Some, like stock charts, may seem essential; but a  number of successful traders can even get by without those. So, when  reading through this chapter, and learning about some of the featured  tools of the trade, keep in mind that not all of them are absolutely neces sary. Instead, think of them as