Options can be a cautious road to profit

Warren Buffett has described options as financial weapons of mass destruction.

23rd July, 2005

Warren Buffett has described options as financial weapons of mass destruction. Jim Rogers sees them as a fast way to the poorhouse. Considering most people begin trading options to get rich quick, they're right. But it doesn't have to be all sweaty palms and gnawed fingernails.

Clever investors use option strategies designed to reduce downside risk while pocketing a guaranteed income.

So how about renting your shares? To the property-obsessed Irish, it sounds tempting, and...

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