“Progress always involves risk. You can’t steal second base and keep your foot on first.” – Frederick B. WilcoxThe world of option trading is a fast-paced and exciting one. It can also be extremely lucrative provided that traders understand the risks involved. Options contain inherent leverage that make them riskier than owning individual stocks and ETFs, but as traders, it’s our job to identify those risks and put the odds back in our favor.We are in the business of prudent speculation. We must manage risk ...