Options Workbook : Fundamental Spread Concepts and Strategies for Investors and Traders

by Anthony J. Saliba

• ISBN13: 9781419521072
• ISBN10: 1419521071
• Edition: 3rd
• Format: Paperback
• Copyright: 2005-11-01
• Publisher: Kaplan Publishing

Summary

As serious and sophisticated investors know, options are a viable and increasingly popular way to enhance their portfolios. Yet even the most savvy investors need instruction.Now in its third edition,The Options Workbookhas been updated and reformatted in a larger, more convenient, and user-friendly design. Three all-new chapters explain key trading concepts-volatility, the collar, and the covered call-and show how these can be applied to mitigate risk and increase profits. What's more, this fresh edition incorporates additional interactive content-exercises, hands-on tools, and lessons that complement the in-depth curriculum on ITI's Web site, www.itichicago.com.

Author Biography

Anthony J. Saliba is recognized as a pioneer and leader in the Chicago derivatives markets, is a frequent speaker at professional conferences, and is often tapped for expert commentary by the financial media

Table of Contents

Acknowledgments	v
Introduction	vii
Basic Concepts: Options Vernacular	1	(26)
The Building Blocks of Options: Introduction to Calls and Puts	27	(36)
Synthetic Relationships	63	(18)
Directional-Neutral Strategy: The Covered Call	81	(8)
Directional Strategies: Vertical Spreads	89	(20)
Portfolio Insurance: The Collar	109	(8)
Nondirection Dependent Strategies: Straddles and Strangles	117	(16)
Strategies for Directionless Markets: Butterflies, Condors, Iron Butterflies	133	(22)
Exploring Volatility	155	(26)
Volatility Spreads: Ratio Spreads and Backspreads	181	(16)
The 21st Century Trader: Current Technology and Its Evolution	197	(16)
Appendix A Final Examination	213	(13)
Appendix B A Word with Tony Saliba	226	(4)
Appendix C Contributor Profiles	230	(3)
Appendix D Saliba's Top Four Favorite Sites for Options Trading and Trading Tools	233	(11)
Appendix E Option Strategies: Profit and Loss Snapshots	244	(13)
Index	257