{"product_id":"options-theory-9780470455784","title":"Options Theory","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eWhen used correctly, options can greatly enhance your profits. The leverage they provide allows small accounts to trade like big ones, without the normally associated risks. And, in times of financial turmoil, options can keep you from incurring catastrophic losses. There are many ways in which options can both protect your portfolio \u003ci\u003eand\u003c\/i\u003e help you profit?but in order to take advantage of these opportunities, you have to learn how to properly use options in your investment endeavors. \u003c\/p\u003e\u003cp\u003eAs the cofounder and former chief options strategist for the Options University, and now as founder of ION Options, author Ron Ianieri is one of the most well-respected, and well-informed, individuals in this field. Over the course of his successful twenty-plus-year career in the options market, he has trained many professional traders, as well as numerous active investors. Now, with \u003ci\u003eOptions Theory and Trading,\u003c\/i\u003e he shares his extensive experience with you. \u003c\/p\u003e\u003cp\u003eBased on a proven option-tradi\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Understanding Terms and Theory 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Options Basics and Terms 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCalls and Puts 4\u003c\/p\u003e \u003cp\u003eClasses and Series 5\u003c\/p\u003e \u003cp\u003eIn the Money, Out of the Money, and At the Money 7\u003c\/p\u003e \u003cp\u003ePremium and Time Decay 9\u003c\/p\u003e \u003cp\u003eIntrinsic versus Extrinsic Value 9\u003c\/p\u003e \u003cp\u003eVolatility 12\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Calls and Puts 15\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCall Options 15\u003c\/p\u003e \u003cp\u003ePut Options 16\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Option Theory 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOption Pricing Models 20\u003c\/p\u003e \u003cp\u003eFundamentals of Pricing Models 21\u003c\/p\u003e \u003cp\u003eTypes of Pricing Models 25\u003c\/p\u003e \u003cp\u003eInputs of the Options Pricing Model 32\u003c\/p\u003e \u003cp\u003eOutputs of the Pricing Model 39\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Option Theory and the Greeks 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDelta 42\u003c\/p\u003e \u003cp\u003eGamma 52\u003c\/p\u003e \u003cp\u003eVega 57\u003c\/p\u003e \u003cp\u003eTheta 68\u003c\/p\u003e \u003cp\u003eSecond-Tier Greeks 80\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Synthetic Positions 85\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefining Synthetics 86\u003c\/p\u003e \u003cp\u003eSynthetic Stock 88\u003c\/p\u003e \u003cp\u003eSynthetic Call 96\u003c\/p\u003e \u003cp\u003eSynthetic Put 106\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Basic Strategies 117\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Introduction to Trading Strategies 119\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDirectional Trading Strategies 119\u003c\/p\u003e \u003cp\u003eIn-the-Money, Out-of-the-Money, and At-the-Money Options 123\u003c\/p\u003e \u003cp\u003eLeverage and Risk 128\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Covered Call\/Buy-Write Strategy 131\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFoundations of the Strategy 131\u003c\/p\u003e \u003cp\u003ePerformance in Different Scenarios 135\u003c\/p\u003e \u003cp\u003eLean 138\u003c\/p\u003e \u003cp\u003eRolling the Position 139\u003c\/p\u003e \u003cp\u003eExamples 141\u003c\/p\u003e \u003cp\u003eCovered Call\/Buy-Write Synopsis 146\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 The Covered Put\/Sell-Write Strategy 147\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eReviewing Selling Short 147\u003c\/p\u003e \u003cp\u003eFoundations of the Strategy 148\u003c\/p\u003e \u003cp\u003ePerformance in Different Scenarios 151\u003c\/p\u003e \u003cp\u003eLean 154\u003c\/p\u003e \u003cp\u003eRolling the Position 157\u003c\/p\u003e \u003cp\u003eExamples 157\u003c\/p\u003e \u003cp\u003eCovered Put\/Sell-Write Synopsis 163\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 The Protective Put Strategy 165\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFoundations of the Strategy 165\u003c\/p\u003e \u003cp\u003ePerformance in Different Scenarios 166\u003c\/p\u003e \u003cp\u003eLean 168\u003c\/p\u003e \u003cp\u003eWhen to Use the Protective Put Strategy 170\u003c\/p\u003e \u003cp\u003eExamples 172\u003c\/p\u003e \u003cp\u003eProtective Put Synopsis 177\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 The Synthetic Put\/Protective Call Strategy 179\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFoundations of the Strategy 179\u003c\/p\u003e \u003cp\u003ePerformance in Different Scenarios 181\u003c\/p\u003e \u003cp\u003eLean 183\u003c\/p\u003e \u003cp\u003eWhen to Use the Protective Call Strategy 184\u003c\/p\u003e \u003cp\u003eExamples 187\u003c\/p\u003e \u003cp\u003eSynthetic Put Synopsis 191\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 The Collar Strategy 193\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFoundations of the Strategy 193\u003c\/p\u003e \u003cp\u003ePerformance in Different Scenarios 194\u003c\/p\u003e \u003cp\u003eLean 197\u003c\/p\u003e \u003cp\u003eExamples 199\u003c\/p\u003e \u003cp\u003eCollar Synopsis 204\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Advanced Strategies: Spread Trading, Straddles, and Strangles 207\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Vertical Spreads 209\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eConstruction of a Vertical Spread 210\u003c\/p\u003e \u003cp\u003eValue and the Vertical Spread 211\u003c\/p\u003e \u003cp\u003eSpread Prices Fluctuate 217\u003c\/p\u003e \u003cp\u003eFactors that Affect Spread Pricing 218\u003c\/p\u003e \u003cp\u003eRolling the Position 218\u003c\/p\u003e \u003cp\u003eTime Decay and Volatility Trading Opportunities 220\u003c\/p\u003e \u003cp\u003eAn Imaginary Spread Scenario 222\u003c\/p\u003e \u003cp\u003eRecap with Special Insights 224\u003c\/p\u003e \u003cp\u003eExamples 225\u003c\/p\u003e \u003cp\u003eBull Spread Synopsis 230\u003c\/p\u003e \u003cp\u003eBear Spread Synopsis 231\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Time Spreads 233\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eConstruction of the Time Spread 233\u003c\/p\u003e \u003cp\u003eBehavior of the Spread 234\u003c\/p\u003e \u003cp\u003eEffects of Stock Price on the Time Spread 236\u003c\/p\u003e \u003cp\u003eEffects of Volatility on the Time Spread 237\u003c\/p\u003e \u003cp\u003eBuyer Risk and Reward 244\u003c\/p\u003e \u003cp\u003eSeller Risk and Reward 245\u003c\/p\u003e \u003cp\u003eRolling the Position 246\u003c\/p\u003e \u003cp\u003eConcluding Thoughts 249\u003c\/p\u003e \u003cp\u003eExamples 249\u003c\/p\u003e \u003cp\u003eTime Spread Synopsis 253\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 The Stock Replacement\/Covered Call Strategy (Diagonal Spread) 255\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhen to Use the Diagonal Spread 257\u003c\/p\u003e \u003cp\u003eRolling the Position 259\u003c\/p\u003e \u003cp\u003eConclusion 259\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Straddles 261\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is a Straddle? 261\u003c\/p\u003e \u003cp\u003eStraddle Scenarios 262\u003c\/p\u003e \u003cp\u003eHow It Works 262\u003c\/p\u003e \u003cp\u003eFactors that Affect Straddle Prices 263\u003c\/p\u003e \u003cp\u003eRisks and Rewards 266\u003c\/p\u003e \u003cp\u003eBreak-Even, Maximum Reward, and Maximum Risk 267\u003c\/p\u003e \u003cp\u003eConclusion 271\u003c\/p\u003e \u003cp\u003eExamples 271\u003c\/p\u003e \u003cp\u003eLong Straddle Synopsis 276\u003c\/p\u003e \u003cp\u003eShort Straddle Synopsis 277\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 Strangles 279\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is a Strangle? 280\u003c\/p\u003e \u003cp\u003eStrangle Scenarios 281\u003c\/p\u003e \u003cp\u003eHow It Works 281\u003c\/p\u003e \u003cp\u003eFactors that Affect Strangle Prices 282\u003c\/p\u003e \u003cp\u003eRisks and Rewards 285\u003c\/p\u003e \u003cp\u003eBreak-Even, Maximum Reward, and Maximum Risk 285\u003c\/p\u003e \u003cp\u003eConclusion 289\u003c\/p\u003e \u003cp\u003eExamples 289\u003c\/p\u003e \u003cp\u003eLong Strangle Synopsis 294\u003c\/p\u003e \u003cp\u003eShort Strangle Synopsis 294\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV Combination Strategies 297\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 The Butterfly 299\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eConstructing the Butterfly 299\u003c\/p\u003e \u003cp\u003eWhy Use Butterflies? 301\u003c\/p\u003e \u003cp\u003eButterfly and Synthetic Positions 303\u003c\/p\u003e \u003cp\u003eWhat Will a Butterfly Cost? 305\u003c\/p\u003e \u003cp\u003eButterfly and the Greeks 307\u003c\/p\u003e \u003cp\u003eIron Butterfly 309\u003c\/p\u003e \u003cp\u003eLong Iron Butterfly 312\u003c\/p\u003e \u003cp\u003eUsing the Butterfly 312\u003c\/p\u003e \u003cp\u003eLong Butterfly Synopsis 313\u003c\/p\u003e \u003cp\u003eShort Butterfly Synopsis 314\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18 The Condor 315\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLong Condor 315\u003c\/p\u003e \u003cp\u003eShort Condor 316\u003c\/p\u003e \u003cp\u003eWhy Use Condors? 317\u003c\/p\u003e \u003cp\u003eHow It Works 320\u003c\/p\u003e \u003cp\u003eCondors versus Butterflies 321\u003c\/p\u003e \u003cp\u003eCondors and the Greeks 323\u003c\/p\u003e \u003cp\u003eIron Condors 326\u003c\/p\u003e \u003cp\u003eHow Do We Use Condors? 330\u003c\/p\u003e \u003cp\u003eLong Condor Synopsis 331\u003c\/p\u003e \u003cp\u003eShort Condor Synopsis 332\u003c\/p\u003e \u003cp\u003eConclusion 335\u003c\/p\u003e \u003cp\u003eAppendix: Five Trading Sheets 337\u003c\/p\u003e \u003cp\u003eAbout the Author 343\u003c\/p\u003e \u003cp\u003eIndex 345\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48864628605271,"sku":"9780470455784","price":45.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470455784.jpg?v=1722272802","url":"https:\/\/bookcurl.com\/products\/options-theory-9780470455784","provider":"Book Curl","version":"1.0","type":"link"}