Basic Training: We're going to bust many of the myth and misconceptions the permeate through the options market, particularly to those new to retail options.

1. Somewhere between 75-80% (or even more) of options expire worthless every month, therefore you should be an options buyer.
2. Selling options is a risk-less, or near risk-less, endeavor.
3. All out of the money options have higher volatility than at the money or in the money options.
4. Calls go lower, stock goes higher - How could this possible be?

Mail Call: Listener questions and comments

• Tweet from @UncleJessie - I love Bootcamp, it's transformed me into an options trader. I'm also new to Sogo trade, can John explain why his platform is the best for options traders - commissions aside.
• Facebook question from Tim Stevens - As a new options trader, should I focus my efforts on maximizing delta or theta? I primarily buy calls/verticals.
• Tweet from @Eddie66 - Hey drill instructors, I love the Bootcamp! I'm looking to hedge my portfolio - Spy puts or VIX calls?
• Tweet from @Thessa - Sogo thanks fro bringing back Bootcamp, it's my favorite show. Do you offer portfolio margining over there at Sogo?
• Tweet from @AstroX - What is your favorite options book for beginning/intermediate options traders?