Often times as traders, we like to establish a core position. This is nothing more than, bullish or bearish, that we want to be the focal point of our portfolio. Usually, we will use stock or futures to accomplish this, as these instruments offer us the static deltas that we want. But, if you’re in a situation where you don’t want to trade stock or you can’t trade futures, then you can replicate this same idea with options only. Mike, from Everyday Trader, joins the set today to show us exactly how that can be done.