Option Strategies: Profit-Making Techniques for Stock, Stock Index, and Commodity Options
$44.72
| Author(s) | |
|---|---|
| Product Type |
Ebook |
| Format |
|
| Skill Level |
Intermediate to Advanced |
| Pages |
321 |
| Publication Year |
2008 |
| Delivery |
Instant Download |
Option Strategies by Courtney Smith is one of the clearest, most practical guides ever written for traders who want to master the profit-making power of options. Smith strips away the complexity, showing traders exactly how to use options to generate income, speculate with controlled risk, hedge portfolios, and amplify returns across stocks, indices, and commodities.
Rather than teaching theory alone, Smith focuses on strategic application. Each strategy is broken down into simple components: market conditions, signal logic, entry rules, risk exposure, profit potential, exit management, and real-world examples. From foundational trades—calls, puts, vertical spreads—to advanced techniques like volatility plays, synthetic positions, and time-decay harvesting, the book provides a complete options trading playbook.
Smith also dives into market psychology, volatility cycles, probability considerations, and how institutional players use options to drive market behavior. Traders learn how to select the right strike, the right expiration, and the right structure based on market conditions—not guesswork.
Whether your goal is to speculate, protect capital, or build an income-focused trading system, Option Strategies offers the tools, clarity, and structure needed to trade options confidently and professionally.
✅ What You’ll Learn:
- How options work—pricing, volatility, time decay, and probability
- Directional strategies using calls, puts, and synthetic positions
- Income strategies including credit spreads and time-decay setups
- How to trade vertical spreads, straddles, strangles, and combination trades
- Volatility-based strategies and how to profit from expansion/contraction
- How to hedge stock and commodity positions with minimal cost
- Strike selection, expiration choice, and risk modeling
- Portfolio management using options for stability and growth
- How to adapt strategies to changing market conditions
- Real-world examples showing each strategy in action
💡 Key Benefits:
- A complete, structured options trading toolkit
- Designed for real trading, not academic theory
- Clear entry, exit, and risk management rules
- Flexible strategies usable in trending, volatile, or sideways markets
- Strong focus on probability and professional risk control
- Helps traders build sustainable income or strategic growth
👤 Who This Book Is For:
This book is ideal for:
- Options traders seeking a clear, structured roadmap
- Stock and index traders wanting to expand into options
- Traders looking for defined-risk strategies with predictable outcomes
- Anyone interested in volatility-based or income-focused trading
- Investors who want to hedge portfolios intelligently and cost-effectively
- Intermediate/advanced traders seeking refined, professional-grade techniques
📚 Table of Contents:
– PART ONE : Why and How Option Prices Move
- The Fundamentals of Options
- The Basics of Option Price Movements
- Advanced Option Price Movements
- Volatility
– PART TWO : Option Strategies
- Selecting a Strategy
- Buy a Call
- Buy a Put
- Naked Call Writing
- Covered Call Writing
- Ratio Covered Call Writing
- Naked Put Writing
- Covered Put Writing
- Ratio Covered Put Writing
- Bull Spreads
- Bear Spreads
- Butterfly Spreads
- Calendar Spreads
- Ratio Spreads
- Ratio Calendar Spreads
- Straddles and Strangles
- Synthetic Calls and Puts
- Synthetic Longs and Shorts
- How to Make Money Trading Options
Option Strategies: Profit-Making Techniques for Stock, Stock Index, and Commodity Options By Courtney Smith
8 reviews for Option Strategies: Profit-Making Techniques for Stock, Stock Index, and Commodity Options
Clear filtersOnly logged in customers who have purchased this product may leave a review.
Kyree Fuentes (verified owner) –
The bad news: This is a classic textbook that requires all your attention and more. Even an experienced option trader can get lost easily. The good news: It is a comprehensive guide and reference book which I use once a week to help me choose the right move.
Raven Morrow (verified owner) –
This book contains absolutely no information on how to judge whether a particular option is over- or under-priced, or how to arrive at either a bullish or bearish outlook. The idea is that you have already come to some conclusion and then you consult the book to determine how you should play the option. That would be fine if the book did not contain numerous errors, all due to the fact that this book apparently was not proof-read. For example, if your outlook is bullish, you find the strategy for putting on a call spread, and select the type of spread you want to do. The author then copied the same instructions into the section on bear spreads, and then tried to change all the “calls” to “puts” or the “buys” to “sells.” Of course, he missed many such changes, and there are multiple instances where the word “call” appears where it should read “put,” and where “buy” appears when it should be “sell.” If you buy this book, you will have to make your own corrections in it, or you may follow the instructions right into the poorhouse. I consider the money I spent on this book to be wasted.
Alexa Cuevas (verified owner) –
Met Courney Smith in person. He has no nonsense trading strategies. He’s a master trader.
Harris Nixon (verified owner) –
Courtney is a great mentor, author, instructor, and speaker. Appreciate all you share with your fans. PS I am a fan!
Amari Cantrell (verified owner) –
Amaizing, and , what is most important – working techniques for option. I finally understand that difficult subject.
Madeleine Sutton (verified owner) –
Courtney Smith is an absolute genius. I thought i knew a lot about options trading, but my eyes are now open, and i was amazed by what I didn’t know.
Warren Willis (verified owner) –
It is just basic book
Brecken Lowe (verified owner) –
As a person who has always found option strategies to be quite confusing, this book is a god-send! Mr. Smith’s book is the only options strategy book that I’ve ever read that gives a concise and clear decision tree on what strategy to use in what market conditions. Anyone who is a serious options trader and wants to be profitable needs this book in their library!