Help! I Can't Figure Out Which Option Strike To Buy

That's a comment I get quite often from readers who are trying to choose amongst the hundreds (literally) of available option contracts to trade.

It can definitely be daunting to a newcomer, especially when you throw in the multitude of expiration dates to choose from, as well.

I was once there myself as a new trader about 30 years ago. I understand your frustration. Well, have no fear. In this blog post, I'll give my best answers, which are actually quite simple.