Essential Option Strategies

Essential Option Strategies
Автор книги: id книги: 821744     Оценка: 0.0     Голосов: 0     Отзывы, комментарии: 0 2254,97 руб.     (24,57$) Читать книгу Купить и читать книгу Купить бумажную книгу Электронная книга Жанр: Зарубежная образовательная литература Правообладатель и/или издательство: John Wiley & Sons Limited Дата добавления в каталог КнигаЛит: ISBN: 9781119291510 Возрастное ограничение: 0+ Оглавление Отрывок из книги

Реклама. ООО «ЛитРес», ИНН: 7719571260.

Описание книги

Learn the ins-and-outs of options trading with clear, practical guidance Essential Option Strategies is an introductory guide to options trading, designed to help new options traders better understand the market and the potential opportunities that exist. This book is designed to bring you up to speed with current practices and help you implement your own option trading strategies. You'll create a plan, track indicators, and understand underlying instruments, then apply that central investing knowledge directly to the options market. The discussion on pricing determinants and probabilities uses an intuitive approach to complex calculations, providing clear examples with no advanced math required, and extensive explanation of spreads, butterflies, and condors brings advanced strategies down to earth. Easy-reference appendices clarify the Greek terms and technical analysis charts, while focused discussion and expert insight throughout provide a highly informative crash course on options trading. Options trading has undergone a rapid evolution beyond stocks and commodities into asset classes including fixed-income, precious metals, energy, and more. This book helps you build a solid foundation in the fundamentals, giving you a knowledge base that applies no matter how the instruments change. This book is designed to help you: Understand the options market inside and out Avoid common mistakes Learn some basic positions, and trades Read charts and interpret probabilities Once the domain of the elites, the options market has been thrown wide open thanks to real-time price quotes, through brokerages, and the free flow of information online. The process of buying and selling options contracts is faster and more efficient than ever, and Wall Street is facing stiff competition from independent analysts and financial websites. As much as the market has changed, the fundamentals are the same—and Essential Option Strategies aims to provide expert guidance throughout the learning process.

Оглавление

J. J. Kinahan. Essential Option Strategies

Foreword

Preface

Acknowledgments

About the Author

Part I. Getting Started in Investing

Chapter 1. The Opening Bell

Probabilities

Getting Started

Research

Data

Charts

Commissions and Fees

Virtual Trading Platforms

Summary

References

Chapter 2. First Days of Trading

Brief History of Stock Market Averages

Key Market Indexes Today

The Volatility Index

Futures

The Bond Market

Fed Watch

Economic Indicators

Earnings

Find Your Niche

Summary

References

Chapter 3. Know the Underlying

Where Do Options Trade?

Stock Talk

Exchange-Traded Funds

Short Selling

On the Margin

Summary

References

Chapter 4. Avoiding Mistakes

Position Size

Volume and Liquidity

Order Entry Techniques

Understand Risk

Summary

References

Part II. The Options Market

Chapter 5. Options Basics

Stock Options

Option Value

Exercise and Assignment

Volume and Open Interest

Index Options

Summary

References

Chapter 6. Introduction to Call Options

Call Options versus Stock

Risk and Reward of Long Call

Real-World Example

Short Calls

Index Call Options

Summary

Reference

Chapter 7. Introduction to Put Options

Long Puts versus Short Selling

Risk and Reward

Real-World Example

Protective Puts

Index Put Options

Summary

References

Chapter 8. Components of Options Prices

Delta and Other Greeks

Strike Price

Theta and Time Decay

Vega and Implied Volatility

Dividends

Rho and Interest Rates

Put-Call Parity

Summary

References

Chapter 9. Probabilities

Probabilities 101

Probability of Profit

Probability of Touching

Example

Delta to Measure Probabilities

Summary

References

Part III. Strategies and Positions

Chapter 10. Covered Calls

The Covered Call

Example

Summary

References

Chapter 11. Cash-Secured Puts

Short Puts

Example

Summary

Chapter 12. Long Vertical Spreads

Bull Call Spread

Example

Bear Put Spread

Example

Summary

Chapter 13. Short Vertical Spreads

Short (Bull) Put Spread

Example

Short (Bear) Call Spread

Example

Summary

Chapter 14. Calendar Spreads

Call Calendar Spread

Example

Put Calendar Spread

Example

Summary

Chapter 15. Butterfly Spreads

Butterfly Spread

Example

Iron Butterfly Spread

Example

Summary

Chapter 16. Condor Spreads

Condor Spread

Example

Iron Condor Spread

Example

Summary

Chapter 17. The Close

Risk Management

Options Orders

Using Options to Reduce Capital Commitment

Rolling with Spread Trades

Investing and Social Media

Final Thoughts

Appendix A. The Greeks

Delta Defined

Delta Neutral

Gamma

Theta

Vega

Rho

Reference

Appendix B. Strategy Recap

Long Call

Short Call

Long Put

Protective Put

Covered Call

Collar

Cash-Secured Put

Long Call Spread

Long Put Spread

Short Call Spread

Short Put Spread

Call Calendar Spread

Put Calendar Spread

Call Butterfly Spread (Long)

Put Butterfly Spread (Long)

Iron Butterfly

Call Condor Spread (Long)

Put Condor Spread (Long)

Iron Condor

Quick Strategy Guide

Appendix C. Charts and Volatility Studies

Stock Charts 101

Time Frames

Volume and Volatility

Glossary

Отрывок из книги

I began trading options on the floor of the CBOE in the early 1980s, just a few years before JJ. Back then, we were trader indifferent, which meant we would trade anything with anybody. Today, we would say the same about our approach to the products and strategies that we choose. These days, the counterparty to our trades is a computer with theoretical algorithm with unlimited funding. Back then, it was some kid just like us – nervous and sweating while trying to make a few eighths.

JJ and I traded together, played together, worked together, and learned together. Luckily, we were among the survivors. We excelled at our craft by managing our egos and not getting caught in the fat tails (volatility) of a few explosive moves. But the business changed as it grew exponentially, and open outcry faced certain extinction around 2000.

.....

• Last: The most recent price.

• High: The highest price of the trading day.

.....

Добавление нового отзыва

Комментарий Поле, отмеченное звёздочкой  — обязательно к заполнению

Отзывы и комментарии читателей

Нет рецензий. Будьте первым, кто напишет рецензию на книгу Essential Option Strategies
Подняться наверх