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Over the past few decades, we've seen many advances in how the stock market functions. Today, exchanges and brokerage houses exist almost entirely online, and everyone is competing for microseconds of speed.

We've also seen the idea of "investing" evolve into something much more advanced and complicated than it was in the early days.

I've spent my entire 18-year career immersed in the finance world. And in my experience, no matter what data, methods, techniques, witchcraft, mojo or voodoo you choose to use for your investments, it is absolutely critical that you understand what you're doing. If not, you're just another amateur grasping for success.

The truth is, today's "game" requires an increased arsenal of tactics and methods to prosper. And for the average investor, a powerful options strategy is one of those tools that should be used.

I realize some of you may have never considered using options in your own portfolio. That's OK. I want to use today's essay to explain some of the basics and demystify options so that you can use them to amplify your profit potential and limit the downside.
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