Contents: Option strategies for conservative investors: Reading and understanding option tables -- What you should know about entering option orders -- Commission discounts increase your return on investment -- The Buy stock- write call strategy -- The Sell stock -buy call strategy -- Buying puts on owned stock to preserve profit and limit risk -- Straddle writing for conservative investor -- Selling puts backed by 100% cash reserves -- Hire the experts if you are financial wreckpert -- Guide rules for buy stock-write call strategy -- Leverage profit potential by writing calls secured by deep-in the-money calls -- Defensive strategies for short call option positions secured by stock -- Buying calls can make sense even for conservative investors -- Strategies for investors with long profitable positions -- How to figure your profits or losses and tax consequences -- Strategies conservative investors should avoid : The Strategy of writing ratio calls -- The Strategy of writing ratio puts -- The Naked call writing strategy -- The Calender spread strategy -- The Call option butterfly spread strategy -- Married puts: an expensive wedding between stock and option -- Speculative purchases of put and call options -- The Diagonal call option spread -- The Bullish perpendicular call option spread -- Five questionable strategies that could increase your blood pressure and your losses.