Options for the Beginner and Beyond: Unlock the Opportunities and Minimize the Risks

by Edward W. Olmstead

Master option trading strategies one step at a time! "Options for the Beginner and Beyond, Second Edition" teaches options through brief, carefully-paced lessons on option concepts and trading strategies, crystal-clear definitions, and plenty of real trading examples. Every lesson builds on the one preceding it, explaining options in plain English, and guiding you all the way to advanced strategies covered in no other introductory tutorial. Drawing on his extensive experience teaching options trading to beginners -- and five years editing a leading options newsletter -- W. Edward Olmstead shows how to systematically control your risk, protect your investments, and maximize your profits. This new Second Edition integrates new coverage of weekly options throughout, and presents updated tax strategies every options trader needs to know. Olmstead shows you how to do all this, and much Select options with high profit potential Enter and exit trades Choose brokers Work with the Greeks, risk graphs, and LEAPs Use vertical, event producing, and calendar spreads Trade covered calls, straddles, strangles, married puts, and collars Master these and other sophisticated naked options, stock substitutes, backspreads, butteryfly spreads, iron condors, and double diagonals Implement effective end-of-year tax strategies Day trade indexes with options Use delta-neutral trading Leverage the theory of maximum pain; implied volatility, and Black-Scholes

Genres: Business

272 pages, Kindle Edition

First published December 18, 2012

Reviews

[Terry Kim · Rating 4 out of 5]

Great book on Options for beginners. Describes most known options strategies with many examples on how the trade could go. I liked how it had examples one what could go right ($ value given in examples) and how it could go horribly wrong.

[Sjors · Rating 4 out of 5]

Beginner book about options done right. It is basically a catalogue of possible trade set-ups with real examples and lovely risk/reward graphs that include time-decay effects. Refreshing absence of waffle and trader-mysticism seen in other books reviewed here by me. The book would have benefitted from a summary chapter on strategy selection and a more in-depth discussion of Option Valuation and the role of (Implied) Volatility.

This will be a book I will refer back to in future.

[Jaison Abraham · Rating 5 out of 5]

Book blends theory and practicality very well, providing a lot of examples for people who want to implement various trades. In my opinion, the author does a good job of explaining risk vs. reward for the trades proposed.