With over 50,000 copies in print for the first edition, Kaeppel's insight has undoubtedly made its mark in the options world. Now, he strikes again with an updated and more comprehensive look at those pesky mistakes that traders continue to make in trading options. In easy-to-understand terms, he systematically breaks down each problem and offers concrete and practical solutions to overcome it in the future. There are big profits to be made in options trading. By avoiding the four most common and most costly mistakes the majority of traders make, you'll be set to win big. System and software developer Jay Kaeppel helps you thoroughly understand each mistake before showing you how to avoid them in future trades. In this new, color edition, you'll find: * More in-depth analysis of the four biggest mistakes including volatility calculations, risk/reward relationships, calendar spreads, etc. * More real world examples with varying scenarios updated to reflect today's market * More graphs and tables to better illustrate Kaeppel's concepts * More detailed discussion on the nature of options trading and how to create a consistently winning strategy Concise and to-the-point, here's an action plan you can read and put into place immediately to become a more profitable trader.