/----/ Yes, getting the direction right is key. That's why I only trade weekly options and sometimes wait until Wednesday or later to trade them.Thanks, but I actually have traded calls and puts. It’s not as easy it you make it sound, because you have to get the direction right AND the expiration period. To me, a safer way to bring in income in with covered calls, and I’ve done that quite successfully. But it still isn’t enough to overcome a negative trend in the overall market, which is why I’m seeking to diversify.
BTW, I'm glad you understand and have traded options. My answer was also directed at others reading this thread to help them.