If you aren't familiar with options I've included some resources below to help out with the learning process. The basics can be learned easily, but just like investing can a lifetime to master.
Online Resources
NYU's V-Lab http://vlab.stern.nyu.edu/ Great free resource
DefaultRisk http://www.defaultrisk.com/
CBOE Learning Center http://www.cboe.com/LearnCenter/
TMX Equity Options Guide http://www.m-x.ca/f_publications_en/en.guide.options.pdf
http://www.math.nyu.edu/research/carrp/research.html
Books To Read
The New Market Wizards Link
Market Wizards Link
McMillan on Options Link
Options as a Strategic Investment Link
Profit with the Market Profile Link
Stocks for the Long Run Link
Irrational Exuberance Link
The Intelligent Investor Link
Reminiscences of a Stock Operator Link
Diary of a Professional Commodity Trader Link
Trading Option Greeks Link
The Little Book That Still Beats the Market Link
