Thomsett introduces powerful, carefully chosen options strategies that can help even the most conservative stock investor consistently improve returns without taking on unacceptable risk, including covered call writing on carefully selected stocks, contingent purchase strategies, and powerful "combination" strategies that produce cash to bolster current income. He guides you through every strategy, one easy step at a time, using actual examples, portfolios, and graphs taken directly from today's markets. This thoroughly updated Second Edition includes a brand-new model portfolio that incorporates even more conservative investments; more coverage of downside protection, including options strategies that hedge against long portfolio positions; deeper coverage of the risks of volatility; and much more. No matter how cautious an investor you are, this book will give you powerful new tools for profiting in any kind of market - and achieving your financial goals without losing a moment of sleep.