As an active trader in today's market, you are faced with unprecedented
challenges.
Dramatic price swings in equity, debt, and currency have made it tougher than
ever to manage and trade risk. But with great risk, of course, comes great opportunity?
and Advanced Options Trading delivers a detailed system for successfully trading options
in a highly volatile and unpredictable global market.
Noted options educator and owner of his own brokerage house, Kevin M. Kraus explains the
best practices for using options to capture premium, reduce equity purchase prices, manage
the costs of buying options, and control portfolio risk?critical skills for finding steady
profits in our ever-shifting economic landscape. He offers a close examination of the
nature of volatility and what it means for investors, whether they?re just getting started
or are veterans of the options market.
Advanced Options Trading covers:
- The critical nature of forward-looking implied volatility
- Ways to level the volatility playing field with options
- Techniques for adding value to a portfolio while managing risk
- The functions of price hedging? and how to do it effectively
- Interest rate options and which factors drive debt markets
- Options analysis techniques
Options are among the most valuable tools for hedging and risk management, and they also
function as profitable investment vehicles, allowing you to make bearish trades through
radical market shifts.
Advanced Options Trading provides a solid foundation on the options market, along with the
necessary skills for trading and managing risk in today?s constantly expanding and
contracting market.
Table of Contents
Introduction ix
Chapter 1 The New Market 1
Chapter 2 Understanding Options 15
Chapter 3 Volatility and Options 35
Chapter 4 Buying Options 51
Chapter 5 Selling Options 87
Chapter 6 Basic Options Spreads 113
Chapter 7 Advanced Spreads 147
Chapter 8 Wingspreads 191
Chapter 9 Indices and Exchange-Traded Funds 213
Chapter 10 Interest-Rate Products 229
Chapter 11 Option Pricing 251
Chapter 12 Market Theory and Portfolio Management 265
Index 281
304 pages, Hardcover
