“Option strategies with adjustments” is a well crafted book written especially for intermediate and advanced level traders who wish to earn consistent profit though option in any kind of market sentiments. This book exemplifies how to adjust a strategy when market doesn’t move as per your perceived direction. There are fifteen numbers of option strategies illustrated in this book with real option chain that can be established in different market scenarios. The key topics included in this book Some key terminologies related to option trading Option Greeks, the key factors in strategy adjustments Option strategies for bullish market Option strategies for bearish market Option strategies for moderately bullish market Option strategies for moderately bearish market Option strategies for sideways market Adjustment techniques for each strategy etc. Some of the option strategies along with adjustments call long strategy, put long strategy, call short strategy, put short strategy, bull call spread, put credit spread, call long calendar spread, bear put spread, call credit spread, long put calendar spread, short strangle, short straddle, iron condor strategy, iron butterfly strategy, double calendar spread. And the option Greeks Delta Option Greek, Gamma Option Greek, Vega Option Greek, Theta Option Greek and Rho Option Greek.
Good read for a beginner. Will recommend the book to anyone who is new to options. The book could take more examples and share true p and l of author while adjusting. The book was shabby in presentations.
Key message of learning to adjust options positions is key to option trading. Options being a calculated risk strategy in the midst of so many strategies. Superior advantage of option being the leverage.