Your Options Handbook: The Practical Reference and Strategy Guide to Trading Options: 470 (Wiley Trading) - Hardcover

Über die Autorin bzw. den Autor

JARED A. LEVY got his start trading as an options market maker and specialist in the pits of the Philadelphia and American Stock Exchanges in the '90s. Now as an exclusive CNBC contributor, he offers his commentary to the world as part of CNBC's Fast Money team and appears on several programs throughout the network. Jared is also featured and quoted in numerous industry publications both online and in print. He has been featured on Bloomberg, Fox, and several other radio and TV networks over the years. In 2006, he won an Emmy for his daily video, "Trader Cast." More recently, he served as the Senior Derivatives Specialist for PEAK6 Investments, L.P., and is currently an editor for Taipan Publishing Group.

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Brings the complex world of options down to Earth for investors ofevery stripe

For those in the know, options can be a relatively inexpensive,low-risk alternative to futures, swaps, and other common hedgingand trading instruments. They also offer investors a unique edgeand profit-taking opportunities not available to stock-onlytraders. Your complete guide to all things option, this bookquickly gets you up to speed on what you'll need to know toconfidently and successfully trade options, whatever yourparticular investment needs and goals.

Written by one of the most respected options traders andeducators in the United States, Your Options Handbook featuresstraightforward, practical explanations of the optionsmarket—including its history, conventions, andcustoms—various types of options and their uses, and commontrading 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 toillustrate his points

• Describes market players, options pricing and valuation methods,and trading psychology

• Explains the complex mathematics behind options pricing andtrading strategies in a way that even math-phobic investors willfind easy to digest

• Discusses major trading strategies and helps you design anapproach tailored to your personality, needs, and long- andshort-term goals

Don't be put off by the seeming complexity and obscure jargonassociated with the options market. Let Your Options Handbook getyou up and running with the basic knowledge and tools you'll needto take full advantage of one of the most versatile and accessibleof trading instruments.

PRAISE FOR YOUR OPTIONS HANDBOOK

"The details, insight, and tactics that Jared offers arepriceless; it's a must-read for both beginning and experiencedtraders!"
—JOHN WALLACE, former chairman of the Philadelphia StockExchange

"To succeed with options, it's crucial to bring the subject intothe context of real-world trading considerations such as technicaland news analysis. Your Options Handbook fulfills that criteriabeautifully. It is a practical guide that gets to the point quicklyand is packed with valuable insights that could only emerge from anexperienced expert."
—GUY COHEN, author of The Bible of Options Strategies

"If you cultivate a genuine appreciation for the process ofbecoming a successful trader, and study Jared's book, the journeywill be a lot less arduous and definitely more fun."
—MARK DOUGLAS, author of The Disciplined Trader and Tradingin the Zone

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"With the techniques and strategies contained within thesepages, you have everything you need to beat any hedge fundmanager." —JARED LEVY

Options offer investors a relatively safe, inexpensive way toinvest and hedge risk. Despite the rarefied jargoninvolved—such as "backwardation," "pin risk," and "volatilitysmile"—options trading is also much simpler than most peoplethink—once you've mastered the basics.

Enter Your Options Handbook—your complete, A-to-Z guide tounderstanding, entering, and succeeding in the options market.Options wunderkind Jared Levy patiently walks you through themarket from a professional's perspective. He introduces you to themarket 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 callsand puts to valuation and spreads significantly shorten thelearning curve typically associated with options trading. And hisstep-by-step presentations, illustrated with helpful real-worldexamples, make major trading techniques and methodologies—aswell as the complex mathematics informing them—easy to digest,even for the most math-averse reader.

Your Options Handbook provides a framework for developing anapproach to options trading tailored to your unique goals andpersonality. Levy helps you to identify what kind of trader youare, in terms of tolerance for risk, analytical versus intuitivethinking style, long- and short-term goals, budget, and other keyfactors. Then, in a series of chapters devoted to specific tradingstrategies, he helps you design an approach suited to yourprofile.