To become a profitable options trader you must buy more time.

You Need Speed and Direction
Not understanding that option trades require both speed and direction to be profitable is often quoted as the number one reason why option traders loose money, it make it in to my list at number two.
Option trading is not stock trading. You can’t buy and wait, you can’t wait for the weighing machine to deliver your profits. You absolutely need the early exit poles to show the vote is in your favour. To consistently make money buying options you need to determine the direction, speed …

Day one of the Ten Biggest Mistakes in Option Trading. Don’t loose all your money! Should you be a buyer or a seller of options?

Should I sell or should I hold now.
Here’s my options analysis on Take-Two Software.