THE COMPLETE GUIDE TO OPTION STRATEGIES
In The Complete Guide to Option Strategies, author Mike Mullaney, an options expert, shares his insights in what is destined to become a classic among serious option traders. This comprehensive and informative guide covers hundreds of option strategies and is filled with in-depth insights and practical advice. It starts with the basics, moves up the educational ladder to the intermediate level, and then progresses to an advanced level. Mullaney describes the best limited-risk option-buying strategies and details how writing options can help you place the odds of success on your side. It provides you with the tools necessary to expand your horizons by profitably trading options on stocks, ETFs, indexes, and stock index futures.
The Complete Guide to Option Strategies is written in clear and straightforward language and is filled with examples, tables, and graphs. This guide provides step-by-step analyses so traders can understand even the most complex strategies.
Divided into five comprehensive parts, this reliable resource touches upon many topics:
Part One: Learning the Fundamentals covers getting ready to trade, option fundamentals, what determines an option's price, buying versus selling, understanding spread terminology, and the "Greeks"
Part Two: The Four Basic Option Strategies covers the core fundamental strategies of a long call, long put, short call, and short put
Part Three: Spread Strategies covers the vertical spread, iron condor, unbalanced spread, straddle and strangle, butterfly, condor, calendar, diagonal, covered call, combination, collar, and covered combination
Part Four: Comparing Underlying Instruments compares and contrasts trading options on stocks, ETFs, indexes, and stock index futures
Part Five: Advanced Topics covers volatility, exercise and assignment, risk management, margin, placing an order, and tax rules
Three Appendices illustrate many of the strategies covered throughout this book and present them according to whether the strategies are primarily bullish, bearish, profit inside a trading range or profit outside a trading range. A Glossary with approximately 200 definitions is included as a reference tool.
While you can read this book from cover to cover, you can also use it as a reference for specific strategies and solutions. And if you are already familiar with some of the basic concepts covered, you can simply skip chapters and go directly to the information you need. For every level of trader, The Complete Guide to Option Strategies will serve as an invaluable educational tool and an enduring reference to the options markets.