About the Author Michael Thomsett is author of 11 options books and has been trading options for 35 years. He blogs at the CBOE Options Hub and several other sites. Trading Vertical Option Spreads By Michael Thomsett | April 11, 2018 The beauty of options is that you can design trades based on a more specific outlook on the market that can define levels of risk and reward. Options Basics By Michael Thomsett | September 25, 2017 How to roll By Michael Thomsett | April 20, 2016 Covered call writers love the forward roll. It helps avoid or defer exercise, creates additional income and helps keep ownership of upward trending stocks. But there are potential problems. The three "positioning" keys for covered calls By Michael Thomsett | March 21, 2016 Positioning of strike, expiration and proximity are crucial to the success of a covered call strategy. Is the backspread always a bear strategy? By Michael Thomsett | December 28, 2015 Is the put ratio backspread a bear play? It can be, but also will be profitable with an increase in volatility. Swing pricing avoids decay By Michael Thomsett | September 28, 2015 How can a trader select options with a higher likelihood of success? Employ value principles to find mispriced options.