The Trick Or Treat Of Trading Options

It is almost Halloween and with that come ghosts, goblins and tricks proving things may not always be what they seem.  In that spirit, let's step outside of our normal options strategies like condors and butterflies to cover something even more basic, and I believe even more important.  Do you know who you're trading with? Who is the “Oz” on the other side of the curtain and “why are they out to get you?”