{"product_id":"the-complete-guide-to-option-strategies-9780470243756","title":"The Complete Guide to Option Strategies","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eImportant insights into effective option strategies\u003cbr\u003e \u003cbr\u003e In The Complete Guide to Option Strategies, top-performing commodity trading advisor Michael Mullaney explains how to successfully employ a variety of option strategies, from the most risky--selling naked puts and calls--to more conservative strategies using covered positions. The author covers everything from options on stocks, exchange-traded funds, stock indexes, and stock index futures to essential information on risk management, option Greeks, and order placement. The book provides numerous tables and graphs to benefit beginning and experienced traders. Written by a CTA who has successfully employed various options strategies to generate market-beating returns, The Complete Guide to Option Strategies will be an important addition to any trader''s library.\u003cbr\u003e \u003cbr\u003e Michael D. Mullaney (Jacksonville, FL) is a high-ranking commodity trading advisor who specializes in option selling strategies.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface xv\u003c\/p\u003e \u003cp\u003eAcknowledgments xx\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One Learning the Fundamentals 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Getting Ready to Trade 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Trade Options? 3\u003c\/p\u003e \u003cp\u003eDeveloping a Game Plan 4\u003c\/p\u003e \u003cp\u003eWhat Is an Option? 8\u003c\/p\u003e \u003cp\u003eDefining Key Terms 12\u003c\/p\u003e \u003cp\u003eFinal Thoughts 17\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Option Fundamentals 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 19\u003c\/p\u003e \u003cp\u003eOpening and Closing Positions 19\u003c\/p\u003e \u003cp\u003eOption Buying 20\u003c\/p\u003e \u003cp\u003eOption Selling 22\u003c\/p\u003e \u003cp\u003eSpreads 26\u003c\/p\u003e \u003cp\u003eBid\/Ask Spread 26\u003c\/p\u003e \u003cp\u003eOption Chain 27\u003c\/p\u003e \u003cp\u003eFinal Thoughts 28\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 What Determines an Option’s Price? 31\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 31\u003c\/p\u003e \u003cp\u003eFactors Affecting Option Pricing 33\u003c\/p\u003e \u003cp\u003eForecasting Option Prices 41\u003c\/p\u003e \u003cp\u003eFinal Thoughts 43\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Tools of the Trade — Greeks 45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview: Greek Basics 45\u003c\/p\u003e \u003cp\u003ePosition Greeks 54\u003c\/p\u003e \u003cp\u003eConverting an Option Chain to Greeks 55\u003c\/p\u003e \u003cp\u003eMore on Delta 56\u003c\/p\u003e \u003cp\u003eFinal Thoughts 62\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Buying versus Selling 65\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 65\u003c\/p\u003e \u003cp\u003eComparing Long and Short Options 66\u003c\/p\u003e \u003cp\u003eOption Buying 69\u003c\/p\u003e \u003cp\u003eOption Selling 70\u003c\/p\u003e \u003cp\u003eBullish versus Bearish 73\u003c\/p\u003e \u003cp\u003eLearning How to Roll 73\u003c\/p\u003e \u003cp\u003eFinal Thoughts 76\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Understanding Spread Terminology 77\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is a Spread? 77\u003c\/p\u003e \u003cp\u003eSpread Buying versus Selling 78\u003c\/p\u003e \u003cp\u003eSpread Strategy Summary 83\u003c\/p\u003e \u003cp\u003eFinal Thoughts 86\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two The Four Basic Option Strategies 87\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Long Call 91\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 91\u003c\/p\u003e \u003cp\u003eStrategy Examples 93\u003c\/p\u003e \u003cp\u003eBeyond the Basics 104\u003c\/p\u003e \u003cp\u003eFinal Thoughts 107\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Long Put 109\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 109\u003c\/p\u003e \u003cp\u003eStrategy Examples 111\u003c\/p\u003e \u003cp\u003eBeyond the Basics 122\u003c\/p\u003e \u003cp\u003eFinal Thoughts 124\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Short Call 125\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 125\u003c\/p\u003e \u003cp\u003eStrategy Examples 127\u003c\/p\u003e \u003cp\u003eBeyond the Basics 139\u003c\/p\u003e \u003cp\u003eFinal Thoughts 140\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Short Put 141\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 141\u003c\/p\u003e \u003cp\u003eStrategy Examples 143\u003c\/p\u003e \u003cp\u003eBeyond the Basics 154\u003c\/p\u003e \u003cp\u003eFinal Thoughts 157\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three Spread Strategies 159\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Vertical Spread 161\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 161\u003c\/p\u003e \u003cp\u003eStrategy Examples 163\u003c\/p\u003e \u003cp\u003eBeyond the Basics 173\u003c\/p\u003e \u003cp\u003eFinal Thoughts 177\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Iron Condor 179\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 179\u003c\/p\u003e \u003cp\u003eStrategy Examples 180\u003c\/p\u003e \u003cp\u003eBeyond the Basics 188\u003c\/p\u003e \u003cp\u003eFinal Thoughts 189\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Unbalanced Spreads 191\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 191\u003c\/p\u003e \u003cp\u003eStrategy Examples 192\u003c\/p\u003e \u003cp\u003eBeyond the Basics 201\u003c\/p\u003e \u003cp\u003eFinal Thoughts 202\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Straddle and Strangle 205\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 205\u003c\/p\u003e \u003cp\u003eStrategy Examples 207\u003c\/p\u003e \u003cp\u003eBeyond the Basics 218\u003c\/p\u003e \u003cp\u003eFinal Thoughts 222\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Butterfly Spread 223\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 223\u003c\/p\u003e \u003cp\u003eStrategy Examples 226\u003c\/p\u003e \u003cp\u003eBeyond the Basics 238\u003c\/p\u003e \u003cp\u003eFinal Thoughts 240\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 Condor Spread 243\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 243\u003c\/p\u003e \u003cp\u003eStrategy Examples 246\u003c\/p\u003e \u003cp\u003eBeyond the Basics 258\u003c\/p\u003e \u003cp\u003eFinal Thoughts 260\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 Calendar Spread 263\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 263\u003c\/p\u003e \u003cp\u003eStrategy Examples 266\u003c\/p\u003e \u003cp\u003eBeyond the Basics 279\u003c\/p\u003e \u003cp\u003eFinal Thoughts 283\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18 Diagonal Spread 285\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 285\u003c\/p\u003e \u003cp\u003eStrategy Examples 288\u003c\/p\u003e \u003cp\u003eBeyond the Basics 298\u003c\/p\u003e \u003cp\u003eFinal Thoughts 299\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19 Covered Call 301\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 301\u003c\/p\u003e \u003cp\u003eStrategy Example 302\u003c\/p\u003e \u003cp\u003eBeyond the Basics 306\u003c\/p\u003e \u003cp\u003eFinal Thoughts 310\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20 Combination 313\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 313\u003c\/p\u003e \u003cp\u003eStrategy Examples 316\u003c\/p\u003e \u003cp\u003eBeyond the Basics 321\u003c\/p\u003e \u003cp\u003eFinal Thoughts 324\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21 Collar 327\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 327\u003c\/p\u003e \u003cp\u003eStrategy Example 329\u003c\/p\u003e \u003cp\u003eBeyond the Basics 332\u003c\/p\u003e \u003cp\u003eFinal Thoughts 334\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 22 Covered Combination 335\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 335\u003c\/p\u003e \u003cp\u003eStrategy Example 338\u003c\/p\u003e \u003cp\u003eBeyond the Basics 341\u003c\/p\u003e \u003cp\u003eFinal Thoughts 342\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Four Comparing Underlying Instruments 343\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 23 Comparing Stocks, ETFs, Indexes, and Stock Index Futures 345\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 345\u003c\/p\u003e \u003cp\u003eSize of Instrument 346\u003c\/p\u003e \u003cp\u003eExercise and Assignment 347\u003c\/p\u003e \u003cp\u003eMargin 348\u003c\/p\u003e \u003cp\u003eCommission and Bid\/Ask 349\u003c\/p\u003e \u003cp\u003eTaxes 351\u003c\/p\u003e \u003cp\u003eFinal Thoughts 351\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 24 ETF Options 353\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 353\u003c\/p\u003e \u003cp\u003eWhat Is an ETF? 353\u003c\/p\u003e \u003cp\u003eETF Options 354\u003c\/p\u003e \u003cp\u003eFinal Thoughts 362\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 25 Stock Index Options 363\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 363\u003c\/p\u003e \u003cp\u003eWhat Is a Stock Index? 364\u003c\/p\u003e \u003cp\u003eIndex Options 364\u003c\/p\u003e \u003cp\u003eIndex Volatility Skew 370\u003c\/p\u003e \u003cp\u003eIndex Time Decay 370\u003c\/p\u003e \u003cp\u003eFinal Thoughts 371\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 26 Stock Index Futures Options 373\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 373\u003c\/p\u003e \u003cp\u003eWhat Is a Futures Contract? 375\u003c\/p\u003e \u003cp\u003eStock Index Futures Option 379\u003c\/p\u003e \u003cp\u003eBonus Section 385\u003c\/p\u003e \u003cp\u003eFinal Thoughts 389\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Five Advanced Topics 391\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 27 Assessing Volatility 393\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 393\u003c\/p\u003e \u003cp\u003eComparison of Implied Volatilities 398\u003c\/p\u003e \u003cp\u003eHow to Compare Volatility 399\u003c\/p\u003e \u003cp\u003eResponse to Changing Conditions 401\u003c\/p\u003e \u003cp\u003eMarket Volatility Gauges 406\u003c\/p\u003e \u003cp\u003eVolatility Skew 407\u003c\/p\u003e \u003cp\u003eDelta-Neutral Volatility Trading 414\u003c\/p\u003e \u003cp\u003eConsider Trading Volatility Index Options 415\u003c\/p\u003e \u003cp\u003eFinal Thoughts 416\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 28 Exercise and Assignment 417\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 417\u003c\/p\u003e \u003cp\u003eAmerican-Style Exercise 420\u003c\/p\u003e \u003cp\u003eEuropean-Style Exercise 421\u003c\/p\u003e \u003cp\u003eCash Settlement 422\u003c\/p\u003e \u003cp\u003eAutomatic Exercise 423\u003c\/p\u003e \u003cp\u003eSpread Risks 425\u003c\/p\u003e \u003cp\u003eLikelihood of Exercise 427\u003c\/p\u003e \u003cp\u003eAssignment Risk 429\u003c\/p\u003e \u003cp\u003eExercise and Assignment Procedures 430\u003c\/p\u003e \u003cp\u003eFinal Thoughts 431\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 29 Risk Management 433\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRun It Like a Business 433\u003c\/p\u003e \u003cp\u003eControlling Risk 438\u003c\/p\u003e \u003cp\u003eFinal Thoughts 448\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 30 Margin 449\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 449\u003c\/p\u003e \u003cp\u003eStock, ETF, Index, and Futures Margin 450\u003c\/p\u003e \u003cp\u003eComparing Margin 459\u003c\/p\u003e \u003cp\u003eMargin Planning 460\u003c\/p\u003e \u003cp\u003eInterest 462\u003c\/p\u003e \u003cp\u003eCash Accounts and IRAs 462\u003c\/p\u003e \u003cp\u003eFinal Thoughts 464\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 31 Placing an Order 465\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 465\u003c\/p\u003e \u003cp\u003eTypes of Option Orders 466\u003c\/p\u003e \u003cp\u003eStrategy: The Multistep Order 471\u003c\/p\u003e \u003cp\u003eBid\/Ask Spread 472\u003c\/p\u003e \u003cp\u003eCommissions 475\u003c\/p\u003e \u003cp\u003eTrading Platform 476\u003c\/p\u003e \u003cp\u003eClearing of Trades 476\u003c\/p\u003e \u003cp\u003eFinal Thoughts 476\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 32 Taxation of Options 479\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGeneral Rules 479\u003c\/p\u003e \u003cp\u003eOption Taxation 480\u003c\/p\u003e \u003cp\u003eTax Reduction for Broad-Based Index and Futures Options 482\u003c\/p\u003e \u003cp\u003eInternal Revenue Service Circular 230 Notice 485\u003c\/p\u003e \u003cp\u003eFinal Thoughts 485\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix A Strategies at a Glance—ETFs 487\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBullish ETF Strategies 488\u003c\/p\u003e \u003cp\u003eBearish ETF Strategies 492\u003c\/p\u003e \u003cp\u003eTrading outside a Range 497\u003c\/p\u003e \u003cp\u003eTrading inside a Range 499\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix B Strategies at a Glance—Indexes 503\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBullish Index Strategies 503\u003c\/p\u003e \u003cp\u003eBearish Index Strategies 506\u003c\/p\u003e \u003cp\u003eTrading outside a Range 508\u003c\/p\u003e \u003cp\u003eTrading inside a Range 510\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix C Strategies at a Glance—Stock Index Futures 515\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBullish Stock Index Futures Strategies 515\u003c\/p\u003e \u003cp\u003eBearish Stock Index Futures Strategies 519\u003c\/p\u003e \u003cp\u003eTrading outside a Range 523\u003c\/p\u003e \u003cp\u003eTrading inside a Range 525\u003c\/p\u003e \u003cp\u003eGlossary 529\u003c\/p\u003e \u003cp\u003eAbout the Author 543\u003c\/p\u003e Index 545","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default 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