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www.bnpublishing.com Show Me Your Options! the Guide to Complete Confidence for Every Stock and Options Trader Seeking Consistent Predictable Returns 2012 Edition by Steve Burns, Christopher Ebert
Options talk can be very technical but "Show Me Your Options" is broken down into bite-size chapters and useful options analogies that will help anybody muddle through options trading and come out on the other side with a couple of strategies they can use right now. The measure of a great trading book is whether I can take what I read last week and inject that into my trading on the next. Mission accomplished guys. Jeff Pierce @zentrader zentrader.ca Contents Introduction Chapter 1 Options are not assets, they are bets. Chapter 2 Every option contract has a buyer and a seller; one is long, one is short, but which one has the best odds of winning? Chapter 3 Strong trends are the friend of an option buyer and the enemy of an option seller. Chapter 4 Time is an option seller's friend, but the option buyer's enemy. (theta) Chapter 5 volatility is the option buyer's friend but the option seller's enemy. (vega) Chapter 6 How much of the move do you get for the money? (delta) Chapter 7 Stocks for rent: covered calls Chapter 8 Selling lottery tickets: naked options Chapter 9 Buying lottery tickets: deep out-of-the-money options Chapter 10 Trends determine who wins: strangles and straddles Chapter 11 The twins: every position has a synthetic relative Chapter 12 Spreads: ratio, calendar, diagonal Chapter 13 The wind beneath the pro's wings: butterflies and condors Chapter 14 Dealing with the behavioral problems of immature options Chapter 15 A trader's choices: insurance, stop losses, or ruin Chapter 16 Your method, your rules, your edge Appendix A: Relative time value of options based on the time to expiration of the contract Appendix B: Odds and expected payout of selected option strategies Appendix C: The relationship between option premiums, deltas, standard deviations, and profit probabilities Appendix D: Time progression payout potential Appendix E: Expanded table of synthetic positions