Investing is broad, but necessary, category in a person’s personal finance world. Leaving your savings in just cash never made much sense nevertheless at today’s rates. Investing is often thought about in terms of buying stocks, but it is more than that, you could invest in an insurance based product, real estate, a business, yourself, etc.
While I have been selling naked puts for a few years now, I haven't really implemented any other options strategies on any kind of regular basis. When I first learned about naked puts from a friend I dove head first into the topic, teaching myself about other strategies such as the bear/bull spreads, strangles, straddles and even the move that Madoff claimed he was using, the split strike. I found the other strategies, besides the spread, weren't really a good fit for me. They each offered a complication and risk beyond what I was willing to take on the sale/short side (I [...]