Field Doctrine
Options are not simply leveraged stock substitutes. Price, time, volatility, and structure interact. The disciplined trader defines the loss, expiration window, and exit logic before entering.
Operational Principles
- Implied-volatility context
- Time-decay awareness
- Defined-risk structures
- Maximum downside known in advance
Risk command
Before entry, define the thesis, invalidation point, maximum acceptable loss, and the conditions that require standing aside.