Catalogue

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Your options handbook [electronic resource] : the practical reference and strategy guide to trading options /
Jared A. Levy.
imprint
Hoboken, N.J. : Wiley, c2011.
description
xxvii, 404 p. : ill. ; 24 cm.
ISBN
0470603623 (hardback), 9780470603628 (hardback)
format(s)
Book
Subjects
More Details
series title
series title
imprint
Hoboken, N.J. : Wiley, c2011.
isbn
0470603623 (hardback)
9780470603628 (hardback)
restrictions
Licensed for access by U. of T. users.
abstract
"A comprehensive yet simplified guide to the complex world of options investing and risk management Before trading derivatives, one needs to understand the secrets and mechanics behind the options market. Your Options Handbook: The Practical Reference and Strategy Guide to Trading Options offers a straightforward, practical explanation of the options marketplace, including its origins, the mechanics of the market, and how to profit from trading options. Walks you through the stock and option markets from a professional's perspective, but uses plain language and simple analogies Discusses different trading strategies based upon whether one's opinion of the market is bullish, bearish, or neutral Details market players, useful tips, and trading psychology, and explains how options are priced Options are a versatile trading instrument that typically cost less and can have lower risk than stocks. They also offer investors a unique edge and lucrative opportunities that are not available to stock only traders. Your Options Handbook helps investors fully understand the options market, allowing them to enter the sector with greater ease."--
catalogue key
11891793
 
Includes bibliographical references and index.
A Look Inside
Excerpts
Flap Copy
"With the techniques and strategies contained within these pages, you have everything you need to beat any hedge fund manager." --JARED LEVY Options offer investors a relatively safe, inexpensive way to invest and hedge risk. Despite the rarefied jargon involved--such as "backwardation," "pin risk," and "volatility smile"--options trading is also much simpler than most people think--once youve mastered the basics. Enter Your Options Handbook--your complete, A-to-Z guide to understanding, entering, and succeeding in the options market. Options wunderkind Jared Levy patiently walks you through the market from a professionals perspective. He introduces you to the market mechanics and the players, explains how options are priced, and schools you in the essentials of trading psychology. His simple, plain-English explanations of everything from calls and puts to valuation and spreads significantly shorten the learning curve typically associated with options trading. And his step-by-step presentations, illustrated with helpful real-world examples, make major trading techniques and methodologies--as well as the complex mathematics informing them--easy to digest, even for the most math-averse reader. Your Options Handbook provides a framework for developing an approach to options trading tailored to your unique goals and personality. Levy helps you to identify what kind of trader you are, in terms of tolerance for risk, analytical versus intuitive thinking style, long- and short-term goals, budget, and other key factors. Then, in a series of chapters devoted to specific trading strategies, he helps you design an approach suited to your profile.
Flap Copy
"With the techniques and strategies contained within these pages, you have everything you need to beat any hedge fund manager." -JARED LEVY Options offer investors a relatively safe, inexpensive way to invest and hedge risk. Despite the rarefied jargon involved-such as "backwardation," "pin risk," and "volatility smile"-options trading is also much simpler than most people think-once you've mastered the basics. Enter Your Options Handbook-your complete, A-to-Z guide to understanding, entering, and succeeding in the options market. Options wunderkind Jared Levy patiently walks you through the market from a professional's perspective. He introduces you to the market mechanics and the players, explains how options are priced, and schools you in the essentials of trading psychology. His simple, plain-English explanations of everything from calls and puts to valuation and spreads significantly shorten the learning curve typically associated with options trading. And his step-by-step presentations, illustrated with helpful real-world examples, make major trading techniques and methodologies-as well as the complex mathematics informing them-easy to digest, even for the most math-averse reader. Your Options Handbook provides a framework for developing an approach to options trading tailored to your unique goals and personality. Levy helps you to identify what kind of trader you are, in terms of tolerance for risk, analytical versus intuitive thinking style, long- and short-term goals, budget, and other key factors. Then, in a series of chapters devoted to specific trading strategies, he helps you design an approach suited to your profile.
Flap Copy
"With the techniques and strategies contained within these pages, you have everything you need to beat any hedge fund manager." -JARED LEVY Options offer investors a relatively safe, inexpensive way to invest and hedge risk. Despite the rarefied jargon involved-such as "backwardation," "pin risk," and "volatility smile"-options trading is also much simpler than most people think-once youve mastered the basics. Enter Your Options Handbook-your complete, A-to-Z guide to understanding, entering, and succeeding in the options market. Options wunderkind Jared Levy patiently walks you through the market from a professionals perspective. He introduces you to the market mechanics and the players, explains how options are priced, and schools you in the essentials of trading psychology. His simple, plain-English explanations of everything from calls and puts to valuation and spreads significantly shorten the learning curve typically associated with options trading. And his step-by-step presentations, illustrated with helpful real-world examples, make major trading techniques and methodologies-as well as the complex mathematics informing them-easy to digest, even for the most math-averse reader. Your Options Handbook provides a framework for developing an approach to options trading tailored to your unique goals and personality. Levy helps you to identify what kind of trader you are, in terms of tolerance for risk, analytical versus intuitive thinking style, long- and short-term goals, budget, and other key factors. Then, in a series of chapters devoted to specific trading strategies, he helps you design an approach suited to your profile.
Summaries
Back Cover Copy
Brings the complex world of options down to Earth for investors of every stripe For those in the know, options can be a relatively inexpensive, low-risk alternative to futures, swaps, and other common hedging and trading instruments. They also offer investors a unique edge and profit-taking opportunities not available to stock-only traders. Your complete guide to all things option, this book quickly gets you up to speed on what you'll need to know to confidently and successfully trade options, whatever your particular investment needs and goals. Written by one of the most respected options traders and educators in the United States, Your Options Handbook features straightforward, practical explanations of the options market-including its history, conventions, and customs-various types of options and their uses, and common trading techniques and methodologies. Writing in plain English, options whiz kid Jared Levy: Walks you through the markets from a professional's perspective, using plain language, simple analogies, and real-world examples to illustrate his points Describes market players, options pricing and valuation methods, and trading psychology Explains the complex mathematics behind options pricing and trading strategies in a way that even math-phobic investors will find easy to digest Discusses major trading strategies and helps you design an approach tailored to your personality, needs, and long- and short-term goals Don't be put off by the seeming complexity and obscure jargon associated with the options market. Let Your Options Handbook get you up and running with the basic knowledge and tools you'll need to take full advantage of one of the most versatile and accessible of trading instruments. PRAISE FOR YOUR OPTIONS HANDBOOK "The details, insight, and tactics that Jared offers are priceless; it's a must-read for both beginning and experienced traders!" -JOHN WALLACE, former chairman of the Philadelphia Stock Exchange "To succeed with options, it's crucial to bring the subject into the context of real-world trading considerations such as technical and news analysis. Your Options Handbook fulfills that criteria beautifully. It is a practical guide that gets to the point quickly and is packed with valuable insights that could only emerge from an experienced expert." -GUY COHEN, author of The Bible of Options Strategies "If you cultivate a genuine appreciation for the process of becoming a successful trader, and study Jared's book, the journey will be a lot less arduous and definitely more fun." -MARK DOUGLAS, author of The Disciplined Trader and Trading in the Zone
Back Cover Copy
Brings the complex world of options down to Earth for investors of every stripe For those in the know, options can be a relatively inexpensive, low-risk alternative to futures, swaps, and other common hedging and trading instruments. They also offer investors a unique edge and profit-taking opportunities not available to stock-only traders. Your complete guide to all things option, this book quickly gets you up to speed on what you'll need to know to confidently and successfully trade options, whatever your particular investment needs and goals. Written by one of the most respected options traders and educators in the United States, Your Options Handbook features straightforward, practical explanations of the options market-including its history, conventions, and customs-various types of options and their uses, and common trading techniques and methodologies. Writing in plain English, options whiz kid Jared Levy: Walks you through the markets from a professional's perspective, using plain language, simple analogies, and real-world examples to illustrate his points Describes market players, options pricing and valuation methods, and trading psychology Explains the complex mathematics behind options pricing and trading strategies in a way that even math-phobic investors will find easy to digest Discusses major trading strategies and helps you design an approach tailored to your personality, needs, and long- and short-term goals Don't be put off by the seeming complexity and obscure jargon associated with the options market. Let Your Options Handbook get you up and running with the basic knowledge and tools you'll need to take full advantage of one of the most versatile and accessible of trading instruments. PRAISE FOR YOUR OPTIONS HANDBOOK "The details, insight, and tactics that Jared offers are priceless; it's a must-read for both beginning and experienced traders!" -JOHN WALLACE, former chairman of the Philadelphia Stock Exchange "To succeed with options, it's crucial to bring the subject into the context of real-world trading considerations such as technical and news analysis.' Your Options Handbook fulfills that criteria beautifully.' It is a practical guide that gets to the point quickly and is packed with valuable insights that could only emerge from an experienced expert." -GUY COHEN, author of The Bible of Options Strategies "If you cultivate a genuine appreciation for the process of becoming a successful trader, and study Jared's book, the journey will be a lot less arduous and definitely more fun." -MARK DOUGLAS, author of The Disciplined Trader and Trading in the Zone
Long Description
Brings the complex world of options down to Earth for investors of every stripe For those in the know, options can be a relatively inexpensive, low-risk alternative to futures, swaps, and other common hedging and trading instruments. They also offer investors a unique edge and profit-taking opportunities not available to stock-only traders. Your complete guide to all things option, this book quickly gets you up to speed on what youll need to know to confidently and successfully trade options, whatever your particular investment needs and goals. Written by one of the most respected options traders and educators in the United States, Your Options Handbook features straightforward, practical explanations of the options market-including its history, conventions, and customs-various types of options and their uses, and common trading techniques and methodologies. Writing in plain English, options whiz kid Jared Levy: Walks you through the markets from a professionals perspective, using plain language, simple analogies, and real-world examples to illustrate his points Describes market players, options pricing and valuation methods, and trading psychology Explains the complex mathematics behind options pricing and trading strategies in a way that even math-phobic investors will find easy to digest Discusses major trading strategies and helps you design an approach tailored to your personality, needs, and long- and short-term goals Dont be put off by the seeming complexity and obscure jargon associated with the options market. Let Your Options Handbook get you up and running with the basic knowledge and tools youll need to take full advantage of one of the most versatile and accessible of trading instruments. PRAISE FOR YOUR OPTIONS HANDBOOK "The details, insight, and tactics that Jared offers are priceless; its a must-read for both beginning and experienced traders!" -JOHN WALLACE, former chairman of the Philadelphia Stock Exchange "To succeed with options, its crucial to bring the subject into the context of real-world trading considerations such as technical and news analysis. Your Options Handbook fulfills that criteria beautifully. It is a practical guide that gets to the point quickly and is packed with valuable insights that could only emerge from an experienced expert." -GUY COHEN, author of The Bible of Options Strategies "If you cultivate a genuine appreciation for the process of becoming a successful trader, and study Jareds book, the journey will be a lot less arduous and definitely more fun." -MARK DOUGLAS, author of The Disciplined Trader and Trading in the Zone
Long Description
Brings the complex world of options down to Earth for investors of every stripe For those in the know, options can be a relatively inexpensive, low-risk alternative to futures, swaps, and other common hedging and trading instruments. They also offer investors a unique edge and profit-taking opportunities not available to stock-only traders. Your complete guide to all things option, this book quickly gets you up to speed on what youll need to know to confidently and successfully trade options, whatever your particular investment needs and goals. Written by one of the most respected options traders and educators in the United States, Your Options Handbook features straightforward, practical explanations of the options market-including its history, conventions, and customs-various types of options and their uses, and common trading techniques and methodologies. Writing in plain English, options whiz kid Jared Levy: Walks you through the markets from a professionals perspective, using plain language, simple analogies, and real-world examples to illustrate his points Describes market players, options pricing and valuation methods, and trading psychology Explains the complex mathematics behind options pricing and trading strategies in a way that even math-phobic investors will find easy to digest Discusses major trading strategies and helps you design an approach tailored to your personality, needs, and long- and short-term goals Dont be put off by the seeming complexity and obscure jargon associated with the options market. Let Your Options Handbook get you up and running with the basic knowledge and tools youll need to take full advantage of one of the most versatile and accessible of trading instruments. PRAISE FOR YOUR OPTIONS HANDBOOK "The details, insight, and tactics that Jared offers are priceless; its a must-read for both beginning and experienced traders!" -JOHN WALLACE, former chairman of the Philadelphia Stock Exchange "To succeed with options, its crucial to bring the subject into the context of real-world trading considerations such as technical and news analysis.' Your Options Handbook fulfills that criteria beautifully.' It is a practical guide that gets to the point quickly and is packed with valuable insights that could only emerge from an experienced expert." -GUY COHEN, author of The Bible of Options Strategies "If you cultivate a genuine appreciation for the process of becoming a successful trader, and study Jareds book, the journey will be a lot less arduous and definitely more fun." -MARK DOUGLAS, author of The Disciplined Trader and Trading in the Zone
Main Description
A comprehensive, simplified guide to the complex world of options investing and risk management.Before trading derivatives, one needs to understand the secrets and mechanics behind the options market. Your Options Handbook: The Practical Reference and Strategy Guide to Trading Options offers a straightforward, practical explanation of the options marketplace, including its origins, the mechanics of the market, and how to profit from trading options. The book: Uses plain language and simple analogies to walk readers through the stock and option markets through a professional's eyes. Provides trading strategies in detail, based upon whether one's opinion of the market is bullish, bearish, or neutral Details market players, useful tips, trading psychology and explains how options are pricedOptions are a versatile trading instrument that typically cost less and can have lower risk than stocks, yet offer investors a unique edge and lucrative opportunities that are not available to stock only traders. Your Options Handbook helps investors to fully understand the options market, allowing them to enter the sector with greater ease.
Main Description
A comprehensive yet simplified guide to the complex world of options investing and risk management Before trading derivatives, one needs to understand the secrets and mechanics behind the options market. Your Options Handbook: The Practical Reference and Strategy Guide to Trading Options offers a straightforward, practical explanation of the options marketplace, including its origins, the mechanics of the market, and how to profit from trading options. Walks you through the stock and option markets from a professional's perspective, but uses plain language and simple analogies Discusses different trading strategies based upon whether one's opinion of the market is bullish, bearish, or neutral Details market players, useful tips, and trading psychology, and explains how options are priced Options are a versatile trading instrument that typically cost less and can have lower risk than stocks. They also offer investors a unique edge and lucrative opportunities that are not available to stock only traders. Your Options Handbook helps investors fully understand the options market, allowing them to enter the sector with greater ease.
Main Description
A comprehensive yet simplified guide to the complex world of options investing and risk management Before trading derivatives, one needs to understand the secrets and mechanics behind the options market. Your Options Handbook: The Practical Reference and Strategy Guide to Trading Options offers a straightforward, practical explanation of the options marketplace, including its origins, the mechanics of the market, and how to profit from trading options. Walks you through the stock and option markets from a professionals perspective, but uses plain language and simple analogies Discusses different trading strategies based upon whether ones opinion of the market is bullish, bearish, or neutral Details market players, useful tips, and trading psychology, and explains how options are priced Options are a versatile trading instrument that typically cost less and can have lower risk than stocks. They also offer investors a unique edge and lucrative opportunities that are not available to stock only traders. Your Options Handbook helps investors fully understand the options market, allowing them to enter the sector with greater ease.
Main Description
A comprehensive yet simplified guide to the complex world of options investing and risk managementBefore trading derivatives, one needs to understand the secrets and mechanics behind the options market. Your Options Handbook: The Practical Reference and Strategy Guide to Trading Options offers a straightforward, practical explanation of the options marketplace, including its origins, the mechanics of the market, and how to profit from trading options. Walks you through the stock and option markets from a professional's perspective, but uses plain language and simple analogies Discusses different trading strategies based upon whether one's opinion of the market is bullish, bearish, or neutral Details market players, useful tips, and trading psychology, and explains how options are pricedOptions are a versatile trading instrument that typically cost less and can have lower risk than stocks. They also offer investors a unique edge and lucrative opportunities that are not available to stock only traders. Your Options Handbook helps investors fully understand the options market, allowing them to enter the sector with greater ease.
Main Description
Before you trade derivatives, you need to know where they derive their prices from. In Your Options Handbook, you will learn the mechanics of the market and how to profit from trading options. The book is a straightforward and practical explanation of the options market and its origins. Author Jared Levy discusses the functions of the exchanges and how they work. Using plain language and simple analogies, he walks the reader through the market- the players and pricing. After delving into the basics, Levy provides you with the strategies and analysis to take advantage of the market.Your Options Playbook also provides trading strategies based on your trading opinions and types- from neutral to bullish or bearish. You choose what bet you want to make based upon the facts presented and the opinion you have moving forward. Each Strategy will have its characteristics listed at the beginning of its section and several specific variations of parameters depending on what the viewers' opinion is not only about the stock, but about other factors, including risk, the overall market and volatility.
Main Description
Before you trade derivatives, you need to know where they derive their prices from. In Your Options Playbook, you will learn the mechanics of the market and how to profit from trading options. The book is a straightforward and practical explanation of the options market and its origins. Author Jared Levy discusses the functions of the exchanges and how they work. Using plain language and simple analogies, he walks the reader through the market- the players and pricing. After delving into the basics, Levy provides you with the strategies and analysis to take advantage of the market.Your Options Playbook also provides trading strategies based on your trading opinions and types- from neutral to bullish or bearish. You choose what 2018bet' you want to make based upon the facts presented and the opinion you have moving forward. Each Strategy will have its characteristics listed at the beginning of its section and several specific variations of parameters depending on what the viewers' opinion is not only about the stock, but about other factors, including risk, the overall market and volatility.
Main Description
Brings the Complex world of options down to Earth for investors of every stripe For those in the know, options cap be a relatively inexpensive, low-risk alternative to futures, swaps, and other common hedging and trading instruments. They also offer investors a unique edge and profit-taking opportunities not available to stock-only traders. Your complete guide to all things option, this book quickly gets you up to speed on what you'll need to know to confidently and successfully trade options, whatever your particular investment needs and goals. Written by one of the most respected options traders and educators in the United States, Your Options Handbook features straightforward, practical explanations of the options market-including its history, conventions, and customs-various types of options and their uses, and common trading techniques and methodologies. Writing in plain English, options whiz kid Jared Levy: Walks you through the markets from a professional's perspective, using plain language, simple analogies, and real-world examples to illustrate his points Describes market players, options pricing and valuation methods, and trading psychology Explains the complex mathematics behind options pricing and trading strategies in a way that even math-phobic investors will find easy to digest Discusses major trading strategies and helps you design an approach tailored to your personality, needs, and long- and short-term goals Don't be put off by the seeming complexity and obscure jargon associated with the options market. Let Your Options Handbook get you-up and running with the basic knowledge and tools you'll need to take full advantage of one of the most versatile and accessible of trading instruments. Book jacket.
Table of Contents
Forewordp. xi
Prefacep. xv
Acknowledgmentsp. xxvii
Market Basics and Market Mechanics: What Is Going On and How Does It All Work?p. 1
The Marketsp. 1
Sectors and Industriesp. 9
ETFs-A Different Kind of Investmentp. 12
Final Thoughtsp. 16
Data That Moves the Markets: The First Step in Your Analysisp. 17
Data and Sentimentp. 18
Economists, Predictions, and Indicatorsp. 18
Economic Indicatorsp. 21
Key Indicators to Watchp. 27
Final Thoughtsp. 43
Fundamental and Technical Stock Analysis and Tools: The Second Step in Your Analysisp. 45
Introduction to Fundamental Analysisp. 46
Digesting the Newsp. 57
Cheap versus Valuep. 61
Mergers and Acquisitions for the Everyday Options Traderp. 64
The Wisdom (or Lack Thereof) of Crowdsp. 65
Trading Tactics and Technical Analysisp. 67
Plans of Attackp. 93
New Trader Tipsp. 101
Top 10 Things Professionals Do That the Average Retail Trader Doesn'tp. 104
Final Thoughtsp. 106
Options Basics: Techniques and Fundamentals to Master Before Applying Any Options Strategyp. 107
The Oracle of Omaha Did It, Why Can't I?p. 111
The Basicsp. 114
Trading Options-Order Typesp. 122
Options Expiration in Detailp. 126
Exercise and Assignmentp. 128
When Should You Exercise an Option Early?p. 132
What Is Triple Witching? (Or Quadruple Witching)p. 134
Final Thoughtsp. 137
The Greeks: The Forces That Influence Options' Pricesp. 139
Deltap. 139
Final Thoughtsp. 156
Strategy: The Basic Options Tradesp. 159
Basic Single Options Strategiesp. 160
The Long Callp. 160
Covered Call (Buy-Write)p. 171
Buy-Write versus Covered Callp. 175
Long Putp. 181
Basic Stock and Options Spreadp. 195
Final Thoughtsp. 208
Strategy: The Basic Spread Tradesp. 209
Vertical Spreads in Depthp. 209
The Four Basic Vertical Spreads-Basic Characteristics and Behaviorp. 214
Credit Spreads versus Debit Spreadsp. 216
Credit Vertical Spreadsp. 219
Debit Vertical Spreadsp. 236
Buying a Put Spread (Bear Put Spread)p. 237
Buying a Call Spread (Bull Call Spread)p. 242
Market Direction Neutral Spread Strategiesp. 257
Final Thoughtsp. 271
Strategy: The Advanced Option Spreadsp. 273
Market Neutral, Volatility, and Earnings Spread Strategiesp. 273
Butterflies versus Condorsp. 281
Iron Spreadsp. 285
Iron Butterfly versus Iron Condorp. 286
Final Thoughtsp. 309
Advanced Conceptsp. 311
Put-Call Parity, Interest Rates, Dividends, and Forwardsp. 312
Synthetics and More on Put-Call Parityp. 316
Final Thoughtsp. 336
A Revolutionary Approach to the Mind Games of the Markets: Understand Why You Need Emotions to Trade Wellp. 337
Trading Is Like Weather Forecastingp. 338
What Is Psych Cap?p. 345
Strategies and Tactics for Large Psych Cap Balancesp. 352
About the Contributorp. 359
Turning Your Trading into a Businessp. 361
Learning the Dollarp. 362
Educationp. 362
The Formative Processp. 363
Tips and Formulas for Budgetary Successp. 364
Setting Up a Legal Entityp. 366
Guidelines, Indicators, and Birds of Preyp. 371
Final Thoughtsp. 381
About the Contributorp. 381
Notesp. 383
About the Authorp. 389
Indexp. 391
Table of Contents provided by Ingram. All Rights Reserved.

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