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The Nuts and Bolts of Options Trading With Roslyn Weems | Ep 26

Strategy Meets Finance

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Option Approval Levels

Brokers have developed a tiered system of option approval levels for traders. Level three is a level where you have the ability to take on a lot more risk in options trading. The way that you control your level of risk is by being conservative and being actually on the long side first until you're ready to take on more risk.

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