Link: 25 points on Options
Dr. Bruce Hong posted 25 rules he uses when trading options. He states that he enjoys swing trading using options, which is absolutely a valid strategy used by many traders either to increase leverage, put on more positions, or trade with a smaller account.
Dr. Hong presents short but well-explained strategies and rules for traders including
“never allow an option to expire worthless,”
“allow yourself adequate time,”
“… buy in the money options,”
and other valuable lessons.
I sense a strong affinity from Dr. Hong on the point “never let an option expire worthless.”
Browse over to his site and see what other valuable insights he provides regarding options trading.