There is indeed a very BIG difference. I used to search for options strategies all the time as I thought it will make me a better trader. But does it really help a trader to trade better?

My answer is Yes (30%) and No (70%). Most “options strategies” searches (both online or offline) normally lead to what I call the textbook strategies. Textbook strategies are those that you can find in the books from any bookstores or even FREE online. In case you do not know, there are more than 50 types of textbook options strategies in the market. They are like the “straddles, strangles, butterfly spread, calendar spreads, iron condor and whatsoever”.

The answer was a 30% Yes because it may help you adjust your trades at times and 70% No because in most cases, you don't need them.

In the past, I used to want to know all the strategies but after mastering the 26th, I stopped. Because I start to realise that I use less than 5 of them to profit from the market. And the best part is, most of my trades are purely based on buying calls and puts contracts.

Whenever people ask, “if you are only trading calls and puts, why don't you just stick to stocks?” And the questions usually come from the people who know many textbook strategies. But my answer is always simple. “Options trading offer me the leverage and flexibility that stocks cannot provide.”

And for me, I chose not to focus on all these textbook strategies and instead focus on real options strategies.

What are real options strategies? In another words, it is analysis. I prefer to just stick to the simple buy call and put contracts rather than to perform a complicated trade and end up paying more commission (although it is cheap).

I focus on studying the market movement, when to enter and when to exit. And once I have identify when to enter, I will just buy a call if I believe the market will continue going up or buy a put otherwise.

This way, I keep my trading as simple as possible so that I can use the rest of my time to accompany my loved ones. Isn't that why you picked up or plan to pick up trading for? If yes, then keep things simple!

However, I am not asking you to just know how to buy calls and puts. There are some textbook strategies that will be useful for you and you may want to read on and understand. Those that I believe are useful are the spreads.

If you do not know what they are, go grab any options trading book and study debit and credit spreads. It will be useful for you if you wish to be on the road of options trading.

Remember; keep trading as simple as possible.

Everything you do. All you need to do is to keep things simple and you will win the game.