I've compiled the recent series on options trading. For newbies, I'd suggest reading books first to understand what options are, what calls and puts are. Then practice with low-priced options of small caps, or use a demo account. Don't jump right in! Some folks asked about the benefits of long calls: 1. High leverage - small investment with unlimited upside potential, could multiply by several, dozens or even hundreds of times 2. Limited loss - maximum is just the premium you paid for the option 3. For long positions, I usually buy options with 1-2 years expiration...