This chapter presents general suggestions for options trading. The risk/reward profiles of options are similar to those of insurance policies. When one buys options, one can only ever lose the premium paid and have significant profit potential like an insurance claim. When one sells options, one can only ever make the premium received and have significant risk. Options, just like insurance, were originally designed to manage price risk, to be used as hedging tools. However, options are equally well suited to speculation because of the potential for gearing offered by them. If one wishes to speculate, then one needs to address whether the options are perceived to be cheap or expensive, and what is the view on the underlying. For those starting out in options, for those who have no experience, the good news is that it is easy to start trading options in a safe, cheap way either by buying moderately priced options or by trading simple spreads such as call or put spreads. By starting in such a conservative fashion, newcomers can limit their downside, quantify their maximum exposure from the moment that they trade.