Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Is there a good options strategy that has a fairly low risk?
Check out this site: http://www.m-x.ca/produits_options_actions_en.php  (Under the Trading Strategies). If you have a background in math or eco or are comfortable with graphs, I suggest you graph the payoffs of each of these strategies.  It will really help you understand it.  If you need help with this, let me know and I can draw a couple out for you. Your question is rather vague but also complicated however I will try to answer it.  First off, many investors buy options to hedge against a current position in a stock (already own the stock).  But you can also try to make money off of options rather than protecting yourself. Let's suppose you anticipate that a stock will increase in value so you want to capitalize on this.  Suppose further that you have a small amount of money to invest, say $100.  Suppose the stock is currently at $100 so that you can only afford 1 share.  Suppose there is a call option out there with strike $105 that costs you only $1. Let's compare two scenarios: The stock increases to $120 at the maturity date of the option. So, you made a lot more money with the same initial investment.  The amount of money you put in is small (i.e. can be perceived as low risk).  However, if the stock price ended up being $104.90 then your options are worthless (i.e. can be perceived as high risk). HTH.