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Trade Options with an Edge
Author: Dr. Russell Richards
Publisher: Xlibris Corporation
ISBN: 1524538175
Pages: 398
Year: 2017-01-23
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Would you like to have success in trading options much like the success of a casino that consistently grinds out profits each day? Casinos are successful because they have a definite probability edge on every gambling opportunity that they offer. They rely on the law of large numbers to guarantee that their probability edge will produce profits. When trading options, you can also do this if you have an edge. This book will show you how to get an edge in your options trading. Then, like the casinos, your edge will translate into small but consistent gains. The book will show you how to best exploit your edge, and it will guide you in the selection of the equity that you trade, selection of the strategy, selection of the strikes and expiration cycle, sizing and placing the trade, monitoring progress, and managing the trade. The book covers basic information about options including all of the common strategies, the option pricing model, and the greeks. It then discusses six sources of edge for sellers of option premium. Then it shows the reader how to select equities that take advantage of the combined edge, how to decide on the best strategy, how to determine the risk and to size the trade, how to place the order, and how to monitor and manage the trade. Each decision can be totally mechanical, based on the values of one or more metrics. And the software provided with the book computes all of the metrics that you will need. If you follow the approach described in this book, I believe you will be able to achieve profits of 1 percent to 2 percent or more each month in markets that are moving up, down, or going nowhere.
Trading Options for Edge
Author: Mark Sebastian
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 1501505572
Pages: 238
Year: 2017-11-20
View: 1202
Read: 273
If you have experience in option trading, or a strong understanding of the options markets, but want to better understand how to trade given certain market conditions, this is the book for you. Many people have some knowledge of trading strategies, but have no idea how to pull it all together. Mark Sebastian's latest book will teach trade evaluation, using Greeks, trading various spreads under different market conditions, portfolio-building, and risk management. Sebastian's approach will help traders understand how to find edge, what kind of trade under what conditions will capture edge, and how to create and successfully hedge to help you build your own personal Goldman Sachs or Merrill Lynch. The book demonstrates how to structure a portfolio of trades that makes more money with less risk.
The Options Edge
Author: Michael C. Khouw, Mark W. Guthner
Publisher: John Wiley & Sons
ISBN: 1119212413
Pages: 360
Year: 2016-03-07
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Read: 640
"The options market is the only growing market for broker/dealers. Currently the average daily volume of option trading is about 20 million contracts a day, which is akin to 2 billion shares, making the options market bigger than the equity market. Even with the growth, options are not well understood by the retail investor. This book will make people better investors even if they do not trade listed options by revealing how one can create hidden options at little or no cost as they structure their financial affairs to reduce risk and increase wealth"--
Trading Options at Expiration
Author: Jeff Augen
Publisher: FT Press
ISBN: 0137013515
Pages: 176
Year: 2009-03-04
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Equity and index options expire on the third Friday of each month. As that moment approaches, unusual market forces create option price distortions, rarely understood by most investors. These distortions give rise to outstanding trading opportunities with enormous profit potential. In Trading Options at Expiration: Strategies and Models for Winning the Endgame, leading options trader Jeff Augen explores this extraordinary opportunity with never-before published statistical models, minute-by-minute pricing analysis, and optimized trading strategies that regularly deliver returns of 40%-300% per trade. You’ll learn how to structure positions that profit from end-of-contract price distortions with remarkably low risk. These strategies don’t rely on your ability to pick stocks or predict market direction and they only require one or two days of market exposure per month. Augen also discusses: · Three powerful end-of-cycle effects not comprehended by contemporary pricing models · Trading only one or two days each month and avoiding overnight exposure · Leveraging the surprising power of expiration-day pricing dynamics If you’re looking for an innovative new way to reignite your returns no matter where the markets move, you’ve found it in Trading Options at Expiration. “Learn and profit from Jeff Augen’s book: It clearly explains how to take advantage of market inefficiencies in collapsing implied volatility, effects of strike price, and time decay. A must-read for individuals who are options oriented.” --Ralph J. Acampora, CMT, Director of Technical Analysis Studies, New York Institute of Finance “A fantastic, insightful book full of meticulously compiled statistics about anomalies that surround option expiration. Not only does Augen present a set of effective trading strategies to capitalize on these anomalies, he walks through the performance of each across several expirations. His advice is practical and readily applicable: He outlines common pitfalls, gives guidance on timing your executions, and even includes code that can be used to perform the same calculations he does in the text. A thoroughly enjoyable read that will give you a true edge in your option trading.” --Alexis Goldstein, Vice President, Equity Derivatives Business Analyst “Mr. Augen makes a careful and systematic study of option prices at expiration. His translation of price behavior into trading strategy is intriguing work, and the level of detail is impressive.” --Dr. Robert Jennings, Professor of Finance, Indiana University Kelly School of Business “This book fills a gap in the vast amount of literature on derivatives trading and stands out for being extremely well written, clear, concise, and very low on jargon--perfect for traders looking to evolve their equity option strategies.” --Nazzaro Angelini, Principal, Spearpoint Capital “Instead of considering macro-time strategies that take weeks to unfold, Jeff Augen is thinking micro here--hours or days--specifically the days or hours right before expiration, and harnessing grinding, remorseless options decay for profit. He builds a compelling case for the strategy here. The concept of using ratio spreads plus risk management for as brief a period as one day--open to close--to capture expiring premium is worth the price of admission alone. A superb follow-up to his first book. Must-read for the serious options student.” --John A. Sarkett, Option Wizard software
The Volatility Edge in Options Trading
Author: Jeff Augen
Publisher: FT Press
ISBN: 0132703688
Pages: 304
Year: 2008-01-17
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“Jeff’s analysis is unique, at least among academic derivatives textbooks. I would definitely use this material in my derivatives class, as I believe students would benefit from analyzing the many dimensions of Jeff’s trading strategies. I especially found the material on trading the earnings cycle and discussion of how to insure against price jumps at known events very worthwhile.” —D R . R OBERT J ENNINGS , Professor of Finance, Indiana University Kelley School of Business “This is not just another book about options trading. The author shares a plethora of knowledge based on 20 years of trading experience and study of the financial markets. Jeff explains the myriad of complexities about options in a manner that is insightful and easy to understand. Given the growth in the options and derivatives markets over the past five years, this book is required reading for any serious investor or anyone in the financial service industries.” —M ICHAEL P. O’H ARE , Head of Mergers & Acquisitions, Oppenheimer & Co. Inc. “Those in the know will find this book to be an excellent resource and practical guide with exciting new insights into investing and hedging with options.” —J IM M EYER , Managing Director, Sasqua Field Capital Partners LLC “Jeff has focused everything I knew about options pricing and more through a hyper-insightful lens! This book provides a unique and practical perspective about options trading that should be required reading for professional and individual investors.” —A RTHUR T ISI , Founder and CEO, EXA Infosystems; private investor and options trader In The Volatility Edge in Options Trading , leading options trader Jeff Augen introduces breakthrough strategies for identifying subtle price distortions that arise from changes in market volatility. Drawing on more than a decade of never-before-published research, Augen provides new analytical techniques that every experienced options trader can use to study historical price changes, mitigate risk, limit market exposure, and structure mathematically sound high-return options positions. Augen bridges the gap between pricing theory mathematics and market realities, covering topics addressed in no other options trading book. He introduces new ways to exploit the rising volatility that precedes earnings releases; trade the monthly options expiration cycle; leverage put:call price parity disruptions; understand weekend and month-end effects on bid-ask spreads; and use options on the CBOE Volatility Index (VIX) as a portfolio hedge. Unlike conventional guides, The Volatility Edge in Options Trading doesn’t rely on oversimplified positional analyses: it fully reflects ongoing changes in the prices of underlying securities, market volatility, and time decay. What’s more, Augen shows how to build your own customized analytical toolset using low-cost desktop software and data sources: tools that can transform his state-of-the-art strategies into practical buy/sell guidance. An options investment strategy that reflects the markets’ fundamental mathematical properties Presents strategies for achieving superior returns in widely diverse market conditions Adaptive trading: how to dynamically manage option positions, and why you must Includes precise, proven metrics and rules for adjusting complex positions Effectively trading the earnings and expiration cycles Leverage price distortions related to earnings and impending options expirations Building a state-of-the-art analytical infrastructure Use standard desktop software and data sources to build world-class decision-making tools
The Market Taker's Edge: Insider Strategies from the Options Trading Floor
Author: Dan Passarelli
Publisher: McGraw Hill Professional
ISBN: 0071754946
Pages: 256
Year: 2011-08-19
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TRADE OPTIONS LIKE A SEASONED PRO! A Trading-Floor Veteran Shares his Secrets "What I like about Dan's book is that it's obvious he isn't just telling you how to trade, he's telling you how he trades. There's always a big difference between those who teach trading from an academic standpoint and those who have traded and have the ability to walk investors step by step through the trade. For my money, I always seek advice and counsel from those that walk the walk and Dan Passarelli has walked the walk." Jon Najarian, cofounder On Dan Passarelli’s first day as a clerk on the exchange floor, he spent the morning observing, practicing his hand signals, and running errands. Around midday, the veteran clerk he worked with said to him, “You’re up. I’m going to lunch.” Dan survived his trial by fire and went on to spend many years on the trading fl oor. He credits his success as a trader and educator to the hands-on experience he gained throughout his career. With The Market Taker’s Edge, Passarelli shares the knowledge and insights other floor traders keep tight to their chests—the knowledge you need to beat the market on a regular basis. This market maker turned market taker delivers a focused commentary on key concepts for operating in the options exchange like a pro. He offers a candid look at the ups and downs of his trading career and conveys the lessons he learned along the way in an informative and often entertaining way. After spending time on the floor in his shoes, you’ll understand: How professional traders attempt to make money—and why it’s different from the way you make money Why market makers are not the enemy How both market takers and market makers can profit while taking opposite sides of the same trade How to focus on what is important in a trade and avoid the noise Dan Passarelli has already taught thousands of people how to make a living as traders, and now with The Market Taker’s Edge, he can help you do it, too.
Spread Trading
Author: Greg Jensen
Publisher: John Wiley & Sons
ISBN: 0470486171
Pages: 352
Year: 2009-05-13
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A proven,easy-to-understandmethod for makingmoney with options "If you've never invested in the stock market,this is the book for you. If you've been investingfor years . . . this is still the book for you. A fantastic introduction to options." —Jon "DOCTOR J" Najarian, Co-founder, Spread trading-the practice of combining optiontrades and adjusting them over time-is being used successfullyby more and more professional traders. In this book, Greg Jensenshows nonprofessionals the tremendous advantages thissafe and profitable method offers. In simple and precise terms, Spread Trading providesreaders with all the essential tools to begin trading options.It explains, in nine simple steps, the basics of puts, calls,strike prices, and spreads-assuming no prior knowledge onyour part-and tells how to profit no matter what the market does.The author has helped thousands of people achieve successimplementing this approach, and with Spread Trading, hecontinues to educate individuals on the benefits of trading thisway, showing you how to make money while reducing risk. Building his lessons around the entertaining story oftwo ordinary guys figuring out how to trade options with each other,Jensen offers more than dry formulas-he relates the sense andthe intuition of trading options in a way that is simple,methodical, and easy to follow.
Think Like an Option Trader
Author: Michael Benklifa
Publisher: Pearson Education
ISBN: 0133065308
Pages: 183
Year: 2013
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"Drawing on his experience trading millions of dollars in options every month, Benklifa reveals these markets' radically different dynamics and shows exactly how to take full advantage of them. You'll learn how to assess crucial factors such as probability, time, and volatility, and profit from the very lack of information that stock traders hate"--Publisher's description.
Options on Futures
Author: John F. Summa, Jonathan W. Lubow
Publisher: John Wiley & Sons
ISBN: 0471436429
Pages: 306
Year: 2002-01-04
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Increased marketplace volatility and the expanding size of capital markets have led to an explosion of interest in options on futures. What makes these instruments so attractive is that they allow traders to profit from movements in the markets using little up–front capital and plenty of leverage. At the same time, they provide an excellent hedge against the risks associated with capital market investments. This book demystifies these notoriously difficult–to–understand instruments and provides state–of–the–art strategies and tools for making the most of options on futures. John F. Summa (New Haven, CT) is a CTA and cofounder of, an online service providing market commentary, trading advisories, and assistance with trading system development. Jonathan Lubow (Randolph, NJ) is cofounder and Vice President of Trader′s Edge, a futures and options brokerage.
Day Trading Options
Author: Jeff Augen
Publisher: FT Press
ISBN: 0137029039
Pages: 173
Year: 2009-10-01
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How you can earn remarkable profits right now by trading in very brief time frames! • •Forget 'buy and hold.' Look what it's done to the investors who believed in it! •Enter the market at very specific times, and structure trades that capitalize on proven pricing anomalies and distortions. •Master day trading strategies that work in any market conditions, because they don't rely on financial predictions, company results, or market direction. Stock prices have lost all relationship to the underlying performance of the companies they represent: investors who relied on traditional 'buy and hold' strategies have been savaged by the greatest destruction of wealth in the history of the world. But some options traders are earning immense profits right now, even in this generation's worst market and they'll keep profiting no matter how the market moves. How? They trade at very specific times and structure trades to capitalize on well-characterized pricing anomalies and distortions. By doing so, they can generate more profit in one day than most experienced investors realize in a month, sometimes even a year. What's more, they systematically minimize exposure to market risk, including potentially disastrous after-hour market moves. In Day Trading Options, top options trader Jeff Augen shows exactly how you can use these strategies, too. You'll learn why day trading options is more practical than ever, and understand trends in the options market that have leveled the playing field between large institutions and private traders. Augen reveals how to choose candidates for day trading; use new technical indicators that work; spot mispriced options; exploit rapid changes in implied volatility, and much more. Above all, you'll learn how to structure positions that close profitably before the end of trading, so end the day wealthier and more secure than you were in the morning. Jeff Augen, currently a private investor and writer, has spent over a decade building a unique intellectual property portfolio of algorithms and software for technical analysis of derivatives prices. His work includes over 1 million lines of computer code reflecting powerful new strategies for trading options. As founding executive of IBM's Life Sciences Computing business, he defined a growth strategy resulting in $1.2B of new revenue, and managed $200M in venture investments. His books include Trading Options at Expiration, The Optionsand The Volatility Edge in Options Trading . Trader Workbook
Trading Options for Edge
Author: Mark Sebastian
Publisher: FT Press
ISBN: 0134129237
Pages: 240
Year: 2016-05-01
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Many professionals (ria, hedge funds, money managers, professional retail traders) have knowledge of trading strategies, but have no idea how to pull it together. In Trading Options for Edge the author talks about how to structure a trading business. Sebastian teaches trade evaluation, how to build a portfolio, how to manage risk and how to avoid blowing out your count. The approach will help traders build their own personal Goldman Sachs or Merrill Lynch.
Author: William F. Eng
Publisher: Wrightbooks
ISBN: 1875857931
Pages: 396
Year: 1999
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Read: 164
In this book, 13 brokers, money managers and private traders, all of whom have proven themselves successful in their specialities, share their expertise. It will open the door to a wider range of trading strategies.
Author: Rick Arons
Publisher: Probus Professional Pub
Pages: 278
Year: 1991-08
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Read: 1297

Options Made Easy
Author: Guy Cohen
Publisher: FT Press
ISBN: 013308793X
Pages: 368
Year: 2013-04-22
View: 977
Read: 611
Master option trading, visually, hands-on -- and discover the powerful, easy-to-use OVI indicator that leads the market, revealing what the world's savviest option traders are doing right now! Learn option trading from the newest edition of Guy Cohen's international best-seller Options Made Easy, which has earned a worldwide reputation for its simplicity, clarity and hands-on practicality. With outstanding graphics for step-by-step learning, this easy tutorial packed with real trades is designed to reinforce every new trader's learning experience. Using plain English and clear illustrations to explain each key trading strategy, Cohen avoids complex math while effortlessly delivering the practical knowledge traders need. Now, in this eagerly-anticipated Third Edition, Cohen updates all examples and data, utilizing the market's new option symbols throughout, and presenting a more streamlined, focused, and up-to-date review of relevant chart patterns and technical analyses. Most important, he thoroughly introduces his breakthrough OVI indicator, revealing how it captures the implications of actual option transaction data, and presents signals even beginners can use to earn consistent profits. Step by step, Cohen walks traders through: Filtering for stocks and selecting the right strategy for each situation Implementing proven strategies for income, including covered calls and bull put spreads Trading volatility through straddles and strangles Using butterflies and condors to trade rangebound markets Understanding trading psychology and its impact on option trades And much more
Trade the Trader
Author: Quint Tatro
Publisher: FT Press
ISBN: 0137067089
Pages: 208
Year: 2010-05-12
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"Trade the Trader" is the first book that helps traders understand who they're up against--and beat them. Hedge fund manager Tatro reveals proven strategies for anticipating other traders' moves, outwitting them, and profiting from them.

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