With over 300 000 copies sold the new edition of this comprehensive mentoring guide clearly
presents all of the essential information needed to learn to trade options. Whereas most
options books focus on profit and loss opportunities this book addresses the issues of hedging
market risks in an equity portfolio head on. The author presents the compelling argument that
options should not be thought of as risky stand-alone trading vehicles but offer greater value
as a coordinated strategic methodology for managing equity portfolio risks as presented in
numerous examples in this book. Divided into four parts Options reflects a guiding standard of
the past nine editions and includes: Crystal clear explanations of the attributes and
strategies of calls and puts. A chapter on the short life of an option. This missing in almost
every options book is a key to understanding options trading. Examples in Part 1 showing
different trading strategies on both sides of the trade. The second part of the book is about
closing positions taking profit exercising expirations or rolling forward your position
risk analysis profit calculations and the impact of volatility. The third part simplifies the
complex issues of advanced strategies including the various spreads combining spreads to
successfully hedge other positions and how certain strategies work. Each spread is covered in
at least one detailed example. The final part is on evaluating risk. The unquestioned benefits
of hedging risk and strategies that are virtually guaranteed to succeed that are generally the
domain of the investment giants along with many examples are discussed. The book's broad
coverage makes it an incredibly valuable desk reference to any trader in options. You won't get
explanations like these on the internet. Michael C. Thomsett is a market expert author
speaker and coach. His many books include Stock Market Math Candlestick Charting The
Mathematics of Options and A Technical Approach to Trend Analysis. Click here to see an
interview with the author. https: youtu.be 8bgrgLB3Mx4
