A Basic Options Trade
Elliott wave analysis and options strategies can be a powerful combination. Chapter 7 presents a basic options strategy in comparison to a straight futures trade. Chapter 8 covers more complex options trading strategies.
One of the best reasons to use options on occasion when you trade is that they can turn an anxiety-inducing trade into one with a higher comfort level. While risk-reward ratios are often better when going long or short futures and cash instruments than when using options, the quid pro quo is that options can usually position you for multiple outcomes or generate a better return on capital.
At the ...
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