Mike:
We can't decide what "golf" is. What makes you think we're gonna come to any consensus on what any of those terms mean?
But what the hell, I'll give it a try, fully expecting Mucci to come in and tell me how wrong I am here also.
1, Does strategy create options?
No. Strategy entails reviewing options and assessing the worth of each. But strategy in and of itself does not CREATE options - the options are there whether they are assessed or not. Of course this does have a chicken/egg ring to it...
2. Do Options create strategy?
No. Again, options can exist on their own and be ignored.
3. Neither word equals the other, and they are two different words meaning two very different things.
Or at least that's how I see it. How wrong I expect to be, even if to me this is incredibly simple....