The following video is part of a special series in which Motley Fool analyst Andrew Tonner and "Options Whiz" Alex Pape discuss how to make 2012 the year YOU master the market.

In this edition, Andrew and Alex analyze Frontier Communications. Investors like to buy stocks they love. However, many investors don't realize that using options can serve as a great complement to your portfolio in certain circumstances. In this series, as part of our Options Education Month, Motley Fool Options analyst Alex Pape sits down with fellow Fool Andrew Tonner to discuss one specific strategy he thinks could help improve performance for investors in this specific stock.

Alex Pape owns shares of no companies listed above. The Motley Fool owns shares of Telefonica. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.