Explain how options (calls and puts) can be used to increase the value of your portfolio.

The above link will take you to a virtual stock market.  Play the game a couple times trading both standard stocks and call options.  After you play, write a response of at least 250 words, that reflects on what happened in the game and what your strategy was.  Also discuss, (1) how options (calls and puts) can be used to increase the value of your portfolio and (2) explain the risk/reward that comes with them.