Option Strategies: ProfitMaking Techniques for Stock, Stock Index, and Commodity Options

Learn to maximize your trading power with...OPTION StrategiesFind out how options really work with this complete introduction tooptions valuation and trading. In this revised and expandededition, top options expert Courtney Smith details the ins and outsof this lucrative, yet complex, financial instrument. From theworking fundamentals to the most innovative pricing models, OptionStrategies gives you the information you need to make a wise andsuccessful investment. Whether you want to bull up or bear down,buy puts or sell calls, heres where youll find:* Descriptions of option basics: carrying charges, transactioncosts, underlying instruments, and premiums* Details on advanced strategies: bull, bear, and calendar spreads;straddles and strangles; synthetic longs and shorts* Decision Structures that enable you to select an appropriateoptions strategy and evaluate its risks and rewards in variousmarket environmentsWritten in clear, nontechnical language, this comprehensive guidemakes the complex world of options easier to grasp. For traders andhedgersboth novice and professionalthis is the only book tohave for getting to the bottom of options, and staying on top ofthe latest strategies.With their highprofit yields and the flexibility they offer inbuying and selling, options are a preferred trading vehicle forinvestors. Trading options, however, is as complex as it can belucrative. Even for experts in the field, getting a firm grasp onthis highrisk activity can be difficult. Option Strategies makesit easier, offering all the tools you need to invest safely andprofitably, using the latest trading techniques.Now revised and updated, this comprehensive guide by one of theindustrys top experts covers all the essentials, from thefundamentals of options to the intricacies of options valuation andtrading. Youll find details on everything from carrying chargesand strike prices to commissions, interest rates, and breakevenpoints. Beyond the basics, youll also learn about the bull andbear strategies needed to buy and sell calls, puts, spreads,straddles and combinations, synthetic positions, arbitrage, andmuch more.Additionally, major strategies are highlighted and accompanied by aunique Decision Structure that gives you a clear picture of howeach strategy works, and advice on how to plan your investmentbetter. Consisting of a series of questions and answers, thesedecision structures assist you in analyzing potential trades,determining your objectives and the amount of risk youre preparedto take, and deciding what followup action to take once youveentered a trade. To help you tune in to current trading trends andpractices, this newest edition has been expanded to cover thelatest practical and innovative trading strategies, and advancedoptions techniques such as implied volatility.Filled with examples, charts, and graphs, this concise, accessiblebook is the only guide youll need to stay on top of the highrisk,highprofit game of options.