Options on Futures, Workbook: Step-by-Step Exercises and Tests to Help You Master Options on Futures: New Trading Strategies - Softcover

Summa, John F.; Lubow, Jonathan W.

Softcover

ISBN 10: 0471436437 ISBN 13: 9780471436430

Publisher: Wiley, 2002

Synopsis

Increased marketplace volatility and the expanding size of capital markets have led to an explosion of interest in options on futures. What makes these instruments so attractive is that they allow traders to profit from movements in the markets using little up-front capital and plenty of leverage. At the same time, they provide an excellent hedge against the risks associated with capital market investments. This book demystifies these notoriously difficult-to-understand instruments and provides state-of-the-art strategies and tools for making the most of options on futures.
John F. Summa (New Haven, CT) is a CTA and cofounder of OptionsNerd.com, an online service providing market commentary, trading advisories, and assistance with trading system development. Jonathan Lubow (Randolph, NJ) is cofounder and Vice President of Trader's Edge, a futures and options brokerage.

About this title

From the Back Cover

Master Options on Futures Trading By Testing Your Knowledge on Key Concepts and Strategies

John Summa and Jonathan Lubow provide an invaluable opportunity to explore your understanding of Options on Futures: New Trading Strategies in their companion Options on Futures Workbook.

The workbook chapters correspond directly to the chapters in Options on Futures: New Trading Strategies. The authors begin by summarizing the key concepts of each chapter in Options on Futures, including a brief glossary of terms. They then present a series of review questions-true/false and multiple choice-followed by supplemental exercises containing simulated trades and market conditions. Answer keys are listed in the back of the book, with helpful, extended explanations.

Topics covered include:
* Understanding S&P 500 futures
* Mechanics of S&P futures options
* The long and short of an S&P credit spread
* Essential characteristics of commodity futures and options
* Synthetic calls, naked writing, and ratio spreads and writes
* Timing the S&P 500 using put/call ratio analysis

Get a solid feel for the options on futures markets with the Options on Futures Workbook. Also included are detailed explanations of what it means to be an options writer, how to determine if options are overvalued, and when is the best time to sell options with the highest probability of success.

About the Author

JOHN F. SUMMA is registered as a commodity trading advisor (CTA) with the National Futures Association, and is cofounder of OptionsNerd.com, a Web site devoted to providing market commentary, trading advisories, and educational support to options traders. He has published numerous articles on options trading in a variety of publications, including Technical Analysis of Stocks & Commodities magazine. Mr. Summa, a former professional skier, holds a master's degree in economics from the New School for Social Research and currently operates Summa Capital Partners, LP, a commodity pool hedge fund based in Connecticut.
JONATHAN W. LUBOW is cofounder and Vice President of Trader's Edge (www.atradersedge.com), a futures and options brokerage based in Madison, New Jersey. He has worked on the floor of the Chicago Board Options Exchange (CBOE) and has had uninterrupted registration with the National Futures Association since 1990. Prior to forming Trader's Edge, he was the top performing broker at Carr Investments for five straight years. Lubow holds a degree in history from Dartmouth College.

Edition details

• Publisher: Wiley
• Publication date: 2002
• ISBN 10: 0471436437
• ISBN 13: 9780471436430
• Binding: Paperback
• Language: English
• Edition number: 1
• Number of pages: 192