101 Option Trading Secrets

Introducing Ken Trester's book-101 Option Trading Secrets Author of the best-selling Complete Option Player, now in its 4th edition, Ken Trester is acclaimed for rendering complex subjects into easy-to-understand concepts and ideas. Through his books, seminars, and as a college professor, Ken Trester has educated tens of thousands of investors about the power and benefits of options. His award-winning programs give ordinary investors an edge in the professional arena. In this 336 page book, Ken condenses his options expertise and 30 years of extensive trading experience into 101 concise secrets that can help any investor to maximize their gains. its fourth edition, is among the best selling options books ever. A former computer science professor Ken has taught many popular course on options trading. In addition, he teaches a limited number of individuals through intensive options seminars. Many former students have been very successful using the strategies he espouses. Ken has an MBA and has worked as an investment manager. He developed an economical software program for personal computers, OPTION MASTER, that allows small investors to easily determine an option's true theoretical value.

Ken Trester is the editor of 5 different option investment weekly publications published by investorplace.com , ultimateoptionstrategies.com and the Institute for Options Research Inc.(optionpal.com) Ken Trester has been trading options since the first exchanges opened in 1973. He's probably one of the nation's best -known options advisor, and he also actively trades his own account. He has written three books on options. The Complete Option Player, now in its fourth edition, is among the best selling options books ever. A former computer science professor Ken has taught many popular course on options trading. In addition, he teaches a limited number of individuals through intensive options seminars. Many former students have been very successful using the strategies he espouses. Ken has an MBA and has worked as an investment manager. He developed an economical software program for personal computers, OPTION MASTER, that allows small investors to easily determine an option's true theoretical value.

Section 1: Preparing to Play

1 The Secret Advantages of Option Trading

3

(4)

2 Education, Education, Education

7

(2)

3 Play It on Paper

9

(4)

4 Stick a Toe in the Water

13

(2)

5 Do Your Homework

15

(4)

Section 2: The Prediction Game

6 Those Who Use Crystal Balls Eat Chipped Glass

19

(4)

7 Beware of Lady Luck

23

(4)

8 Regression Back to the Mean

27

(4)

9 Beware of Gurus

31

(2)

10 Secret Prediction Methods

33

(2)

11 Maverick Investing

35

(4)

12 Tracks in the Charts

39

(4)

13 Use the Laws of Supply and Demand

43

(4)

14 Sell in May and Go Away

47

(4)

15 The 60% Rule

51

(2)

16 Predicting Stock Tops and Market Bottoms

53

(4)

Section 3: Option Buying

17 Get the Biggest Bang for Your Buck

57

(2)

18 Beware of Inertia

59

(2)

19 Cheap Is Not Always Cheap!

61

(4)

20 Swing for the Fences

65

(2)

21 Let It Ride!

67

(2)

22 Don't Let Profits Slip Away

69

(2)

23 Beat the Clock

71

(2)

24 Avoid an Option's Last Month

73

(2)

25 The Secret of Scaling

75

(2)

26 Beware of Delusions of Grandeur

77

(2)

27 Don't Plunge!

79

(4)

28 Analyze Your Option Position

83

(2)

29 The Secret of Profit Boxes

85

(2)

30 The Straddle Secret

87

(4)

31 Be Patient

91

(2)

32 The Option Buyer's Secret Weapon-Shock and Awe

93

(4)

33 The Stock Advantage

97

(2)

34 The Put Advantage

99

(2)

35 Diversify

101

(4)

36 The Quick and the Dead

105

(2)

37 The Secret of Portfolio Insurance

107

(4)

38 The Second Secret to Portfolio Insurance

111

(4)

39 A Long Shot Secret

115

(4)

Section 4: Option Writing

40 Take the Bet Instead of Making the Bet

119

(2)

41 The Secret Advantage of Option Writing

121

(2)

42 The Secret of Quick Profits

123

(2)

43 Play It Naked

125

(2)

44 Probability-the First Secret for Option Writers

127

(4)

45 Time-the Second Secret for Option Writers

131

(2)

46 Get Out of the Hot Seat!

133

(2)

47 Expiration Writing

135

(2)

48 Defense, Defense, Defense

137

(2)

49 When to Use Covered Call Writing

139

(4)

50 The Hidden Risk of Covered Call Writing

143

(2)

51 Covered Call Writing Strategies

145

(2)

52 Use Naked Put Writing to Buy Stock

147

(2)

53 Naked Put Writing Can Create a Win-Win Strategy

149

(6)

Section 5: Option Analysis

54 Know the True Value Advantage

155

(4)

55 Option Analysis Can Be Easy

159

(4)

56 The Key to Options Analysis

163

(2)

57 Implied Volatility-An Option Analysis Shortcut

165

(4)

58 Keep Your Eyes on the Delta

169

(2)

59 Use Probability Analysis

171

(2)

60 The Secret Weapon of Option Analysis

173

(2)

61 A Tool for Your Arsenal

175

(2)

62 Searching for the Best Plays

177

(2)

63 Situational Analysis

179

(2)

64 Unraveling the Mysteries of Baysian Analysis

181

(6)

65 Gone in 60 Minutes

187

(2)

66 Your Crystal Ball to the Future or Risk-Reward Analysis Using AI

189

(6)

Section 6: Spreading

67 The Spread Advantage

195

(2)

68 The Secret Costs of Option Spreads Beware of Slippage

197

(4)

69 Beware of Alligator Spreads

201

(2)

70 Avoid Delta Neutral Strategies

203

(2)

71 Avoid Repair Strategies

205

(2)

72 How to Reduce the Cost of Option Buying

207

(2)

73 Rules of the Road

209

(4)

Section 7: Trading Tactics

74 Go Online!

213

(4)

75 The Hidden Cost of Trading

217

(4)

76 Act Like a Market-Maker

221

(2)

77 Test the Waters-How to Get the Best Price

223

(2)

78 You Can Buy the World for 1/8

225

(2)

79 How to Enter Spread Positions

227

(2)

80 Secret Spreading Tactics

229

(2)

81 Don't Tip Your Hand-Beware of Size

231

(4)

Section 8: Trading Tips

82 The Top Secret War Room

235

(4)

83 Don't Try to Catch a Falling Knife!

239

(2)

84 Only Play with Fun Money

241

(2)

85 Know When to Fold Them

243

(2)

86 The Secret of Sunk Cost

245

(2)

87 Always Use Stop-Losses, and Don't Look Back

247

(4)

88 Check Your Track Record

251

(2)

89 The Dragon That You See Is Not the Dragon That Will Burn You

253

(4)

Section 9: Trading Resources

90 Treasures on the Information Highway

257

(2)

91 Avoid Analysis Paralysis

259

(2)

92 How to Use Option Advisory Services

261

(2)

93 The 5 P's

263

(4)

94 The Magic Pyramid

267

(4)

Section 10: Power Plays

95 "Thar Is Gold in Them Thar Hills"

271

(2)

96 Rules of the Road for Option Buying

273

(2)

97 Aggressive Writing with Limited Risk

275

(4)

98 Rules of the Road for Index Credit Spreads

279

(2)

99 The Ratio Hedge

281

(2)

100 The Diagonal Spread

283

(4)

101 The Ultimate Power Play: The Secret Surrogate

287

(4)

Conclusion

291

(4)

Section 11: Tutorial

The Listed Option

295

(1)

The Listed Call and Put

296

(1)

Parts of the Whole, the Listed Option

296

(2)

The Option Exchange

298

(1)

The Price of an Option

299

(4)

Intrinsic Value

299

(1)

Time Value

300

(1)

Volatility

301

(1)

Liquidity

302

(1)

Option Writers

303

(4)

Two Types of Option Writers

304

(2)

The How-to to Option Writing

306

(1)

Exercise Defined

307

(1)

Spread Designer

307

(4)

The Debit Spread

307

(1)

The Credit Spread

308

(3)

Index

311

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