Retired professor, with more than 65 years investment experience and 43 years using options as a conservative investment tool, offers interactive beginners, intermediate and advanced options tutorials showing how to use puts and calls to reduce investment risk and increase earnings. Students are provided with a 71-page set of lecture notes covering fundamentals of options investing and describing various conservative long-term strategies that can be used to meet different investment goals and risk tolerances. Included are profit/loss diagrams showing the risks as well as the potential rewards of each strategy. All examples provided are actual trades made during many different market conditions, including stock market booms and busts. Copies of actual brokerage trade confirmations are made available to students.