Before reading Cramer's Options School , you should read this article , where Cramer warns retail investors to stay away from options. This is not a boilerplate disclaimer. He really means it. Never let a gain turn into a loss. To turn around a bad position, you must throw the maiden into the volcano.
Tips are for waiters.
Also see here . A walk in the park is better than a walk in a minefield. Also see here . Never buy stock in a company with accounting irregularities. Never short on valuation.