DESCRIPTION

(From The Jacket) - As the editor of "The Options Professor" newsletter, W. Edward Olmstead has earned a worldwide reputation for demystifying options--and for presenting trading strategies that work. Now, drawing on his extensive trading and teaching experience, Dr. Olmstead presents the most practical, easy-to-understand guide to options ever written.

Full of carefully paced brief lessons, real-world examples, and step-by-step explanations, this book demonstrates exactly how you can participate in the movement of a high-priced stock for a fraction of its usual cost. You won't just learn how to achieve breakthrough profits: you'll learn how to use options to systematically control your portfolio risk.

Every serious investor should know how to leverage the power of options. This book makes it easier than ever before.

TABLE OF CONTENTS

SECTION 1: BASIC CONCEPTS

• Chapter 1 - Introduction
• Chapter 2 - Option Selection
• Chapter 3 - Entering And Exiting Option Trades
• Chapter 4 - The Greeks
• Chapter 5 - Risk Graphs
• Chapter 6 - Leaps
• Chapter 7 - Assignment Anxiety
• Chapter 8 - Broker Selection
• Chapter 9 - Miscellaneous Tips

SECTION 2: TRADING STRATEGIES

• Chapter 10 - Vertical Spreads
• Chapter 11 - Event-Producing Credit Spreads
• Chapter 12 - Calendar Spreads
• Chapter 13 - Advanced Calendar Spreads
• Chapter 14 - Covered Calls
• Chapter 15 - Straddles And Strangles
• Chapter 16 - Stock Repair And Stock Enhancement
• Chapter 17 - Married Puts
• Chapter 18 - Collars
• Chapter 19 - Advanced Collars
• Chapter 20 - Naked Option Writing
• Chapter 21 - Stock Substitutes
• Chapter 22 - Backspreads
• Chapter 23 - Butterfly Spreads
• Chapter 24 - Iron Condors And Double Diagonals
• Chapter 25 - An End-Of-Year Tax Strategy

SECTION 3: SPECIAL TOPICS

• Chapter 26 - Day Trading An Index With Options
• Chapter 27 - Delta-Neutral Trading
• Chapter 28 - Theory Of Maximum Pain
• Chapter 29 - Implied Volatility And The Black-Scholes Formula
• Chapter 30 - The Put-Call Parity Relationship