I was looking for mentors for option trading and Somatung recommended his thread (http://www.traderji.com/options/66266-option-trading-danpickup.html) which he written in his previous avatar. I have read the thread and its a very good and useful source for learning option trading basics. So i have copied and pasted important post in that thread and saved it as a doc file which i uploaded here.
http://s000.tinyupload.com/index.php?file_id=85273384408564814975
http://s000.tinyupload.com/index.php?file_id=85273384408564814975