VERY Helpful options trading links with coding techniques including IQFeed and Options chains with .NET and C#
This link proves options could be very profitable but do understand you can lose your shirt as well:
Options Basics: Introduction | Investopedia
Take heed on stuff like this but it does prove to be much more lucrative than equity trading. Also, if you use proper forecasting technique (ie, quant), you could minimize your risk but that is never a guarantee. It just reduces your risk.
Why trade off the third Frioday of each month:
All source code for C# and .NET
Doing options chain for data retrieval:
DTN IQFeed, DTN.IQ, DTN ProphetX Support Forums : http://forums.dtniq.com/index.cfm?page=search
to capture 3rd Friday of the month:
Downloading data from Yahoo FInance:
FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!