Getting Started in Options, Illustrated Edition skillfully demystifies the options markets, distinguishes the imagined risks from the real ones, and arms investors with the facts they need to make informed, profitable decisions. Engaging and informative, Getting Started in Options, Illustrated Edition truly lives up to its name by bringing the key concepts of this topic to life through attractive illustrations, charts, and graphs. Along the way, it carefully weaves these visual components with definitions, examples, key points, and links to websites that will further expand your options knowledge base.
Introduction:
This illustrated edition is designed with many new features. The book includes numerous examples, definitions in context, key points, website links, checklists, illustrations, and tables. Anyone using this book to learn about options may appreciate that it includes some repetition. This is a device intended to help you to overcome the inherent complexity of options trading. The jargon is confusing at first, so it takes time to become accustomed to the new language of options. Making it even more difficult to quickly move into the market, the range of possible strategies is vast and this makes it important to take time to learn about options in steps. Some suggestions for anyone new to this field:
- Master the terminology. Focus on the many specialized option terms and get accustomed to seeing them in the context of examples and strategies.
- Remember the context of risk. All investing and trading decisions are wisely made with an appreciation of the risk levels involved. Only by remembering risk can you know whether a strategy is appropriate for you.
- Track both options and stocks on the market. Options traders need to observe how options change in value in relation to how stocks move in price, especially when markets are volatile. You will discover that options do not track stock price changes exactly; there are many factors influencing how options pricing changes.
- Know yourself and what risks you can afford. It is all too easy for new options traders to be attracted to some strategies, even those that are too risky for them. So it is crucial that you know what you can afford, and what level of risk exposure works for you. This suggestion will make it more likely for you to succeed. Options work in the context of your own risk profile, and that is the key to any successful program.
Getting Started series is designed to help investors and traders overcome the complexity of markets. This is achieved with great teaching aids. These include carefully placed definitions, dozens of examples, illustrations, and more. The success of this series is due to the careful and thorough design of the many books in the series, and its emphasis on ease of use and provision of a lot of information. The Getting Started books are designed with you, the reader, in mind.
Contents:
- Calls & Puts: Defining the Fields of Play
- Opening & Tracking: How It All Works
- Buying Calls: Maximizing the Rosy View
- Buying Puts: The Positive Side of Pessimism
- Selling Calls: Conservative and Profitable
- Selling Puts: The Overlooked Strategy
- Closing Positions: Cover, Close, Exercise, or Roll
- Paper Trading: A Test Run of the Theory
- Calculating the Return: A Complex Aspect to Options
Getting Started in Options, Illustrated Edition By Michael Thomsett pdf
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