This article was originally published in The Option Strategist Newsletter Volume 2, No. 22 on November 26, 1993.
When I was in Europe recently, one of the attendees at the Colloquium asked me what guidelines I generally followed in my option trading. This is actually a rather thought-provoking question, especially when it regards something you do almost every day. In our many feature articles, many useful general strategies have been given, but not assembled all in one place. After giving the matter some thought, it seemed like it might be beneficial to list some of the "rules" that we follow, either consciously or sub-consciously after all these years.
