Option Sleuth: Solving the Mystery of Generating Income through Options Trading

Your Options Handbook: The Practical Reference and Strategy Guide to Trading Options

2011-06-12T10:53:00.002-04:00

This week's featured book on options trading:

Your Options Handbook: The Practical Reference and Strategy Guide to Trading Options
by Jared Levy
Wiley (April 2011)

From the publisher: Before you trade derivatives, you need to know where they derive their prices from. In Your Options Handbook, you will learn the mechanics of the market and how to profit from trading options. The book is a straightforward and practical explanation of the options market and its origins. Author Jared Levy discusses the functions of the exchanges and how they work. Using plain language and simple analogies, he walks the reader through the market- the players and pricing. After delving into the basics, Levy provides you with the strategies and analysis to take advantage of the market.

Your Options Handbook also provides trading strategies based on your trading opinions and types- from neutral to bullish or bearish. You choose what bet you want to make based upon the facts presented and the opinion you have moving forward. Each Strategy will have its characteristics listed at the beginning of its section and several specific variations of parameters depending on what the viewers' opinion is not only about the stock, but about other factors, including risk, the overall market and volatility.

Also available: Your Options Handbook: The Practical Reference and Strategy Guide to Trading Options (Kindle edition). Learn more about the Amazon Kindle, a wireless reading device.

Trading on Earnings News

2011-06-05T10:49:00.005-04:00

This week's featured book on options trading:

Trading on Earnings News: Profiting from Targeted, Short-Term Option Positions
by John Shon and Ping Zhou
FT Press (March 2011)

From the publisher: Profit from earnings announcements, by taking targeted, short-term option positions explicitly timed to exploit them! Based on rigorous research and huge data sets, this book identifies the specific earnings-announcement trades most likely to yield profits, and teaches how to make these trades—in plain English, with real examples!

Also available: Trading on Earnings News: Profiting from Targeted, Short-Term Option Positions (Kindle edition). Learn more about the Amazon Kindle, a wireless reading device.

Profiting with Condor Options: Strategies from the Frontline for Trading in Up or Down Markets

2011-02-27T11:54:00.001-05:00

This week's featured book on options trading:

Profiting with iron Condor Options:
Strategies from the Frontline
for Trading in Up or Down Markets
by Michael Hanania Benklifa
FT Press (February 2011)

From the publisher: Expert traders use option condors to lower risk and consistently earn positive monthly returns. Now, Michael Hanania Benklifa shows exactly how to run these trades. You’ll find all the step-by-step details, nuances, and real-life examples you’ll need to profit from condors in any market!

Also available: Profiting with Iron Condor Options (Kindle edition). Learn more about the Amazon Kindle, a wireless reading device.

Foreign Exchange Option Pricing: A Practitioners Guide

2011-02-20T11:53:00.004-05:00

This week's featured book on options trading:

Foreign Exchange Option Pricing:
A Practitioners Guide
by Iain Clark
Wiley (February 2011)

From the publisher: This book covers foreign exchange options from the point of view of the finance practitioner. It contains everything a quant or trader working in a bank or hedge fund would need to know about the mathematics of foreign exchange—not just the theoretical mathematics covered in other books but also comprehensive coverage of implementation, pricing and calibration.

With content developed with input from traders and with examples using real-world data, this book introduces many of the more commonly requested products from FX options trading desks, together with the models that capture the risk characteristics necessary to price these products accurately. Crucially, this book describes the numerical methods required for calibration of these models – an area often neglected in the literature, which is nevertheless of paramount importance in practice.

Options, Futures, and Other Derivatives

2011-02-13T11:51:00.000-05:00

This week's featured book on options trading:

Options, Futures,
and Other Derivatives (8th Edition)
by John C. Hull
Pearson/Prentice Hall (January 2011)

From the publisher: For undergraduate and graduate courses in derivatives, options and futures, financial engineering, financial mathematics, and risk management. Designed to bridge the gap between theory and practice, this highly successful book is the top seller among both the academic audience and derivative practitioners around the world.

Option Spread Trading: A Step-by-Step Guide To Strategies and Tactics

2011-01-16T09:44:00.002-05:00

This week's featured book on options trading:

Option Spread Trading: A Step-by-Step Guide To Strategies and Tactics
by Russell Rhoads
Wiley (January 2011)

From the publisher: When dealing with option spreads your looking to purchase one option in conjunction with the sale of another option. If managed properly, these spreads can provide experienced investors with the potential for large returns without undertaking a great deal of risk.

Option Spread Trading provides a comprehensive, yet easy-to-understand explanation of option spreads, and shows you how to select the best spread strategy for any given market outlook. Along the way, author Russell Rhoads discusses spread strategies that can be used to profit from a strong up or down directional move in a stock, a stagnant market, or a highly volatile market. He also details how you can harness the leverage of options to create a low-risk position that provides the potential for a big profit.

Also available: Option Spread Trading: A Step-by-Step Guide To Strategies and Tactics (Kindle edition). Learn more about the Amazon Kindle, a wireless reading device.

No-Hype Options Trading: Myths, Realities, and Strategies That Really Work

2011-01-09T10:47:00.003-05:00

This week's featured book on options trading:

No-Hype Options Trading: Myths, Realities, and Strategies That Really Work
by Kerry Given
Wiley (January 2011)

From the publisher: Options provide traders and investors with a wide range of strategies to lock in profits, reduce risk, generate income, or speculate on market direction. However, they are complex instruments and can be difficult to master if misunderstood.

No-Hype Options Trading offers the straight truth on how to trade the options market. In it, author Kerry Given provides realistic strategies to consistently generate income every month, while debunking many myths about options trading that tend to lead retail traders astray. Along the way, he makes a conscious effort to avoid complex strategies that are appropriate only for market makers or professional traders, and instead focuses on low-risk strategies that can be easily implemented and managed by a part-time trader.

Also available: No-Hype Options Trading: Myths, Realities, and Strategies That Really Work (Kindle edition). Learn more about the Amazon Kindle, a wireless reading device.

Options DeMYSTiFieD

2010-12-12T09:44:00.002-05:00

This week's featured book on options trading:

Options DeMYSTiFieD (2nd Edition)
by Thomas McCafferty
McGraw-Hill (December 2010)

From the publisher: Do you want to learn how to use options without getting lost in confusing theories and complicated math? Options Demystified takes the mystery out of options, providing you with concise descriptions of various option strategies and the basic knowledge you need to execute basic stock and commodity options trades. It also includes some of the more complex techniques like covered calls, spreads, straddles and hedges, and more.

This unique, step-by-step guide uses short, snappy explanations and easy-to-understand examples--along with chapter-ending quizzes and a 50-question final exam--to give you the confidence you need to begin trading options like a pro. More important, the author reveals the psychological side of trading, so you keep a clear head in the heat of trading. You'll know why today's smartest investors and traders rely on the versatility of the options marketplace--and how you can too!

Also available: Options DeMYSTiFieD (2nd Edition) (Kindle edition). Learn more about the Amazon Kindle, a wireless reading device.

All About Derivatives

2010-12-04T09:42:00.001-05:00

This week's featured book on options trading:

All About Derivatives
by Michael Durbin
McGraw-Hill (December 2010)

From the publisher: Financial derivatives, from standard put and call options to more complex strategies and combinations, are among the most versatile, powerful, and valuable tools available to investors. All About Derivatives introduces you to the many different types of derivatives, providing simple explanations and easy-to-follow methods for using each.

This straightforward, up-to-date examination covers all aspects of derivative contracts, explains techniques for pricing and trading them, shows how to use each to hedge risk or increase profits, and more. Avoiding complicated formulas and theories to focus on the information you need, it shows anyone -- from individual investors to corporate risk managers -- how derivatives work, how they fit into the larger world of investing, and why they can be the ideal trading vehicle for improving the financial performance of yourself or your organization.

Trading with the VIX: How to Use Fear, Volatility, and Sentiment to Enhance Trading

2010-11-07T09:14:00.002-05:00

This week's featured book on options trading:

Trading with the VIX: How to Use Fear, Volatility, and Sentiment to Enhance Trading
by Bill Luby
Wiley (September 2010)

From the publisher: This is a groundbreaking book on how to use the VIX to forecast and trade markets. Trading with the VIX will show you how to use the Chicago Board Options Exchange's S&P 500 volatility index to gauge fear and greed in the market, use market volatility to your advantage, and hedge stock portfolios. This book skillfully explores the factors that drive volatility; how to interpret movements in the VIX; how the VIX can be used in combination with other indicators; and much more. Moreover, the book examines how these very same volatility techniques can be applied to other indices and exchange traded funds. It reviews VIX strategies that can help you forecast market tops and bottoms. It offers insights on how volatility-based strategies that can be used to provide diversification and enhance returns. It is accessible to active individual traders, but sufficiently sophisticated for professional traders.

Written by Bill Luby -- who has the number one blog on the topic of VIX -- this book will interest traders who are looking for profitable new forecasting and trading techniques.

Trading Realities: The Truth, the Lies, and the Hype In-Between

2010-10-24T11:35:00.002-04:00

This week's featured book on options trading:

Trading Realities: The Truth, the Lies, and the Hype In-Between
by Jeff Augen
FT Press (October 2010)

From the publisher: Today’s financial markets are complex and dangerous. The value of individual investments is now more strongly influenced by world economic and geopolitical events than by the underlying fundamentals of the company being invested in. Layered on this intricate web of forces is the impact of high-frequency computer trading programs that enter and exit trades in a fraction of a second and drive 60% or more of the market volume on any given day. Trading Realities provides investors with new skills and approaches to succeed in this environment. Without this enhanced knowledge, investing is no more than gambling.

Writing for beginning and experienced investors alike, successful trader and author Jeff Augen focuses on the powerful forces that really move markets: the dynamics that are fundamental to your success, no matter which strategies or asset classes you choose. He provides new approaches to identifying market trends, exploiting global economic forces, trading the news, valuing risk, and dissecting economic reports released by the government.

Also available: Trading Realities: The Truth, the Lies, and the Hype In-Between (Kindle edition). Learn more about the Amazon Kindle, a wireless reading device.

Derivatives Demystified: A Step-by-Step Guide to Forwards, Futures, Swaps and Options

2010-10-03T09:50:00.001-04:00

This week's featured book on options trading:

Derivatives Demystified: A Step-by-Step Guide to Forwards, Futures, Swaps and Options
by Andrew Chisholm
Wiley (September 2010)

From the publisher: Derivatives are everywhere in the modern world and it is important for everyone in banking, investment and finance to have a good understanding of the subject. Derivatives Demystified provides a step-by-step guide to the subject, enabling the reader to have a solid, working understanding of key derivative products.

Adopting a highly accessible approach, the author explains derivative products in straightforward terms and without the complex mathematics that underlie the subject, focusing on practical applications, case studies and examples of how the products are used to solve real-world problems. Derivatives Demystified follows a sequence that is designed to show that, although there are many applications of derivatives, there are only a small number of basic building blocks, namely forwards and futures, swaps and options. The book shows how each building block is applied to different markets and to the solution of various risk management and trading problems.

This new edition will be fully revised to reflect the many changes the derivatives markets have seen over the last three years. New material will include a comprehensive history of derivatives, leading up to their use and abuse in the current credit crisis. It will also feature new chapters on regulation and control of derivatives, commodity derivatives, credit derivatives and structured products and new derivative markets including inflation linked and insurance linked products.

Derivatives Demystified is essential reading for everyone who operates in the financial markets or within the corporate environment who requires a good understanding of these important financial instruments.

Increasing Alpha with Options

2010-09-26T09:47:00.001-04:00

This week's featured book on options trading:

Increasing Alpha with Options
by Scott H. Fullman
Bloomberg Press (September 2010)

From the publisher: While there are many books on options and many books on technical analysis, there are few books that bring these two important areas of the financial markets together.

In Increasing Alpha with Options, Scott Fullman expertly describes how options can be used in conjunction with technical analysis to trade profitably. Fullman explains how technical analysis can be used to identify a variety of situations such as the beginning of a trend, a trend reversal, a trend continuation pattern, and a trading range. For each situation he recommends the ideal options strategies to capitalize on the market situation, without taking undue risk. The book will be valuable to traders who are well-versed in technical analysis, but weak on options knowledge, as well as option traders who are not particularly expert on technical analysis. Fullman provides strategies that are geared for both short-term traders and longer term investors and describes how options can be used to protect an investment portfolio.

High Performance Managed Futures

2010-09-19T09:46:00.002-04:00

This week's featured book on options trading:

High Performance Managed Futures
by Mark H. Melin
Wiley (September 2010)

From the publisher: Financial advisors have long ignored managed futures. Yet, in the past thirty years, managed futures have significantly outperformed traditional stock and bond investments. In High-Performance Managed Futures: The New Way to Diversity Your Portfolio, author Mark H. Melin advises investors to question the commonly held belief of stocks and bonds, buy and hold. The first book of its kind, Melin advances a Nobel Prize winning investment method that’s been updated for today’s world to describe how managed futures can be used to design portfolios independent of the ups and downs of the stock market.

The book:

• Details a new path for managing investments that’s not entirely dependent on the economy at large;
• Describes meaningful asset diversification, while exposing Wall Street myths on the subject.

Many of today’s investor’s are betrayed by either short-term thinking or the now outdated buy and hold investing philosophy. High-Performance Managed Futures details how to develop a stock market neutral investment portfolio designed for success in the long-term.

Trading Options in Turbulent Markets: Master Uncertainty Through Active Volatility Management

2010-09-12T09:44:00.001-04:00

This week's featured book on options trading:

Trading Options in Turbulent Markets: Master Uncertainty Through Active Volatility Management
by Larry Shover
Bloomberg Press (September 2010)

From the publisher: Investors and traders face an economic landscape marked by uncertainty, crisis, and stress that has generated soaring volatility. But options can actually turn that turbulence to a profit-making advantage. In this book, Shover covers the essential concepts of market volatility and its effects on options. He shows how to shape and optimize trades through practical option strategies that deliver both yield enhancement and downside protection. Light on math, the book instead emphasizes an understanding of the concepts to use options effectively.

Using real-life examples and anecdotes from his experience as a trader and teacher, Shover fully engages readers in learning about options trading.

Also available: Trading Options in Turbulent Markets: Master Uncertainty Through Active Volatility Management (Kindle edition). Learn more about the Amazon Kindle, a wireless reading device.

Principles of Quantitative Development

2010-09-05T11:39:00.000-04:00

This week's featured book on options trading:

Principles of Quantitative Development
by Manoj Thulasidas
Wiley (August 2010)

From the publisher: Principles of Quantitative Development is a practical guide to designing, building and deploying a trading platform. It is also a lucid and succinct exposé on the trade life cycle and the business groups involved in managing it, bringing together the big picture of how a trade flows through the systems, and the role of a quantitative professional in the organization.

The book begins by looking at the need and demand for in-house trading platforms, addressing the current trends in the industry. It then looks at the trade life cycle and its participants, from beginning to end, and then the functions within the front, middle and back office, giving the reader a full understanding and appreciation of the perspectives and needs of each function. The book then moves on to platform design, addressing all the fundamentals of platform design, system architecture, programming languages and choices. Finally, the book focuses on some of the more technical aspects of platform design and looks at traditional and new languages and approaches used in modern quantitative development.

The book is accompanied by a CD-ROM, featuring a fully working option pricing tool with source code and project building instructions, illustrating the design principles discussed, and enabling the reader to develop a mini-trading platform.

The book is also accompanied by a website that contains updates and companion materials.

The Trade Cycle: Behind the Scenes of the Trading Process

2010-08-29T10:59:00.001-04:00

This week's featured book on options trading:

The Trade Cycle: Behind the Scenes of the Trading Process
by Robert B. Baker
Wiley (August 2010)

From the publisher: Every person working in an investment bank or hedge fund has a large part of his work connected to the lifecycle of a trade. It is the glue by which all the departments are bound and the aggregated success or failure of each trade determines the survival and growth of the entire organization. Trading has evolved from a humble apple grower wanting a stable price for his produce come harvest time, to a complex and exciting industry comprising a significant share of the global economy, and more recently, taking a hand in saving it. It is the fundamental activity of investment banks, hedge funds, pension funds and many other financial companies. There is no better way to understanding the workings of a financial institution than to follow the progress of a trade through all of its various stages and all the activities performed upon it.

In the aftermath of the financial crisis, the financial world has changed, with less emphasis on trading and entrepreneurial activity and more on risk management, regulation and auditing. In this new world order, there will be a much greater analysis of every trade, and all market participants will need to have a much better understanding of the impact of their work on the whole trade cycle.

This book will dissect a trade into its component parts, track it from pre-conception to maturity and how the trade effects each business function of a financial institution. As well as illustrating each part of the trade process, it will highlight the legal, operational, liquidity, credit and market risks to which the trade is exposed. Readers will benefit from a full understanding of all parts of the trade process, including derivative and credit derivative trades, and will also see, with examples where appropriate, how the mismanagement of these risks led to today's financial crisis.

Systematic Options Trading: Evaluating, Analyzing, and Profiting from Mispriced Option Opportunities

2010-08-22T11:38:00.002-04:00

This week's featured book on options trading:

Systematic Options Trading: Evaluating, Analyzing, and Profiting from Mispriced Option Opportunities
by Sergey Izraylevich
FT Press (August 2010)

From the publisher: Sophisticated options traders need systematic, reliable approaches for identifying the best option combinations, underlying assets, and selecting the most appropriate strategies. This book makes these approaches widely available for the first time.

Leading-edge traders and researchers Sergey Izraylevich and Vadim Tsudikman treat the option market as a whole: an unlimited set of trading variants composed of all option combinations that can be constructed at any specific moment using all possible strategies and underlying assets. They introduce a comprehensive system for thoroughly analyzing and comparing many option combinations based on expected profitability and potential risk.

Izraylevich and Tsudikman formalize and classify more than a dozen criteria intended to select preferable trading alternatives from a vast quantity of potential opportunities and show how to apply multiple valuation criteria concurrently to select the best possible trades.

By applying this book’s principles, traders can consistently identify subtle price distortions using optimized statistical parameters. They can gain a clear and consistent advantage over competing traders, transforming option trading into a continuous process of profit generation with tightly controllable parameters of risk and profitability.

Also available: Systematic Options Trading: Evaluating, Analyzing, and Profiting from Mispriced Option Opportunities (Kindle edition). Learn more about the Amazon Kindle, a wireless reading device.

Sure Bet Investing: In Search of the Sure Thing

2010-07-18T09:51:00.002-04:00

This week's featured book on options trading:

Sure Bet Investing: In Search of the Sure Thing
by Kenneth R. Trester
Institute for Options Research (August 2010)

From the publisher: You can win over 90% of the time! There are close-to-sure bet investments! However, they are hard to find and must be based on math and science, not on intuition or an analyst’s prediction.

Most investments are NOT sure bets. Real estate, bonds, stocks, gold, silver and even cash are not sure bets and can lose you a lot of money.

This easy-to-read and understand book was written by Ken Trester, a best-selling author and successful trader for over 35 years. The book covers the secret path to sure bet investments, doing the work for you with unique tools.

Option Trading: Pricing and Volatility Strategies and Techniques

2010-06-20T09:28:00.006-04:00

This week's featured book on options trading:

Option Trading: Pricing and Volatility Strategies and Techniques
by Euan Sinclair
Wiley (June 2010)

From the publisher: An A-to-Z options trading guide for the new millennium and the new economy.

Written by professional trader and quantitative analyst Euan Sinclair, Option Trading is a comprehensive guide to this discipline covering everything from historical background, contract types, and market structure to volatility measurement, forecasting, and hedging techniques.

This comprehensive guide presents the detail and practical information that professional option traders need, whether they're using options to hedge, manage money, arbitrage, or engage in structured finance deals. It contains information essential to anyone in this field, including option pricing and price forecasting, the Greeks, implied volatility, volatility measurement and forecasting, and specific option strategies.

• Explains how to break down a typical position, and repair positions;
• Addresses the various concerns of the professional options trader.

Option trading will continue to be an important part of the financial landscape. This book will show you how to make the most of these profitable products, no matter what the market does.

Exotic Options and Hybrids: A Guide to Structuring, Pricing and Trading

2010-06-13T09:24:00.001-04:00

This week's featured book on options trading:

Exotic Options and Hybrids: A Guide to Structuring, Pricing and Trading
by Mohamed Bouzoubaa
Wiley (June 2010)

From the publisher: Exotic Options and Hybrids is a practical guide to structuring, pricing and hedging complex exotic options and hybrid derivatives that will serve readers through the recent crisis, the road to recovery, the next bull market and beyond. Written by experienced practitioners, it focuses on the three main parts of a derivative’s life: the structuring of a product, its pricing and its hedging.

Divided into four parts, the book covers a multitude of structures, encompassing many of the most up-to-date and promising products from exotic equity derivatives and structured notes to hybrid derivatives and dynamic strategies. Based on a realistic setting from the heart of the business, inside a derivatives operation, the practical and intuitive discussions of these aspects make these exotic concepts truly accessible.

Adoptions of real trades are examined in detail, and all of the numerous examples are carefully selected so as to highlight interesting and significant aspects of the business. The introduction of payoff structures is accompanied by scenario analysis, diagrams and lifelike sample term sheets. Readers learn how to spot where the risks lie to pave the way for sound valuation and hedging of such products. There are also questions and accompanying discussions dispersed in the text, each exploited to illustrate one or more concepts from the context in which they are set.

The applications, the strengths and the limitations of various models are highlighted, in relevance to the products and their risks, rather than the model implementations. Models are de-mystified in separately dedicated sections, but their implications are alluded to throughout the book in an intuitive and non-mathematical manner.

By discussing exotic options and hybrids in a practical, non-mathematical and highly intuitive setting, this book will blast through the misunderstanding of exotic derivatives, enabling practitioners to fully understand and correctly structure, price and hedge theses products effectively, and stand strong as the only book in its class to make these “exotic” concepts truly accessible.

Also available: Exotic Options and Hybrids: A Guide to Structuring, Pricing and Trading (Kindle edition). Learn more about the Amazon Kindle, a wireless reading device.

The CME Group Risk Management Handbook: Products and Applications

2010-06-06T09:17:00.005-04:00

This week's featured book on options trading:

The CME Group Risk Management Handbook: Products and Applications
by John Labuszewski and John Nyhoff
Wiley (May 2010)

From the publisher: The CME Risk Management Handbook provides an accessible overview of the futures market in today's electronic world of trading. Page by page, it outlines the various CME products currently available and explains how those products can be used to manage risk. Financial professionals around the world will find this book to be a comprehensive reference to the most widely used risk management, trading, and hedging strategies. Editors John Labuszewski and John Nyhoff – two of the most highly-regarded names in futures and options research and risk management – put this discipline in perspective and offer readers invaluable insights into successfully operating within this environment.

Also available: The CME Group Risk Management Handbook: Products and Applications (Kindle edition). Learn more about the Amazon Kindle, a wireless reading device.

The Blank Swan: The End of Probability

2010-05-30T09:05:00.002-04:00

This week's featured book on options trading:

The Blank Swan: The End of Probability
by Elie Ayache
Wiley (May 2010)

From the publisher: In this revolutionary book, Elie redefines the components of the models needed to price and trade derivatives, and redefines the actual trading of derivatives and derivative pricing. Most importantly he redefines the market itself against the common perceptions of both orthodox financial theory and the sociology of finance.

This book will change the way that we think about options and trade volatility and establishes the missing link between quantitative modelling and the reality of the market.

Also available: The Blank Swan: The End of Probability (Kindle edition). Learn more about the Amazon Kindle, a wireless reading device.

The Profit Hunter: Beating the Bulls, Taming the Bears, and Slaughtering the Pigs

2010-05-02T11:25:00.001-04:00

This week's featured book on options trading:

The Profit Hunter: Beating the Bulls, Taming the Bears, and Slaughtering the Pigs
by Neil DeFalco
Wiley (May 2010)

From the publisher: Investors are more sophisticated than ever, and they have to be. The market today is challenging and the old rules of investing simply do not apply. This book is a new breed of investment guide for a savvy public. Oakshire Financial provides quality financial research and advice, written by experts to its 100,000 plus subscribers. Now, readers of this book will receive the same great advice along with a broad review of the best strategies in several sectors of the market. Their tested strategies provide investors with an understanding of the investment process and tactics needed to manage a strong portfolio.

The Profit Hunter provides investors with the comprehensive tools to succeed. Written in accessible, engaging prose, these experienced Wall Street prognosticators outline topics such as:

• Trading for gains in the future
• Downfalls of the investor's mindset
• Diversification
• Option strategies
• Where and how to trade Single Stock Futures
• Strategies in FOREX, and much more.

Iron Condor: Neutral Strategy for Uncommon Profit

2010-04-25T11:24:00.001-04:00

This week's featured book on options trading:

Iron Condor: Neutral Strategy for Uncommon Profit
by Ernie Zerenner and Michael Phillips
Marketplace Books (February 2010)

From the publisher: Sure, everyone takes notice when the stock market rises dramatically -- or suddenly plunges -- but do you realize that most of the time, the stock market is doing nothing but making very slight deviations from the previous day, week, month, and year? What you need is the strategy that generates returns in the most common market condition -- when the market is trading sideways.

The Iron Condor is that strategy, and this book will teach you how to master it. When other strategies, meant to be used in big market moves, underperform, the iron condor will enable you to generate income because it is a combination of two popular leverage options strategies: the bull-put credit spread and the bear-call credit spread, one of which will always be profitable. It's no surprise that it is the go-to strategy the most experienced options traders use.

Iron Condor: Neutral Strategy for Uncommon Profits introduces you to this strategy with concepts, ideas, and rules of thumb gleaned from the PowerOptionsApplied newsletter's successful trading of the iron condor over the past five years. But this book goes deeper than just theory and concept to bring you real-world examples featuring real profits and actual mistakes.

From the professional experiences shared in this guide, you will learn to: Search for, find, analyze, enter, manage, roll, and exit the iron condor strategy; Select the right security, including indexes and ETFs; Determine the right broker to use when placing an iron condor trade; Reduce and manage risk involved with trading iron condors; Optimize the strategy for maximized returns.

Complete with profit and loss diagrams and actual calculations, fact-based statistics and probability, this book gives you the knowledge you need to put the iron condor to work -- and see how powerful this strategy can be for you.