{"product_id":"essential-option-strategies-isbn-9781119263333","title":"Essential Option Strategies","description":"\u003cb\u003eLearn the ins-and-outs of options trading with clear, practical guidance\u003c\/b\u003e \u003cp\u003e\u003ci\u003eEssential Option Strategies\u003c\/i\u003e is an introductory guide to options trading, designed to help new options traders better understand the market and the potential opportunities that exist. This book is designed to bring you up to speed with current practices and help you implement your own option trading strategies. You'll create a plan, track indicators, and understand underlying instruments, then apply that central investing knowledge directly to the options market. The discussion on pricing determinants and probabilities uses an intuitive approach to complex calculations, providing clear examples with no advanced math required, and extensive explanation of spreads, butterflies, and condors brings advanced strategies down to earth. Easy-reference appendices clarify the Greek terms and technical analysis charts, while focused discussion and expert insight throughout provide a highly informative crash course on options trading.  \u003c\/p\u003e\u003cp\u003eOptions trading has undergone a rapid evolution beyond stocks and commodities into asset classes including fixed-income, precious metals, energy, and more. This book helps you build a solid foundation in the fundamentals, giving you a knowledge base that applies no matter how the instruments change. This book is designed to help you: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eUnderstand the options market inside and out\u003c\/li\u003e \u003cli\u003eAvoid common mistakes\u003c\/li\u003e \u003cli\u003eLearn some basic positions, and trades\u003c\/li\u003e \u003cli\u003eRead charts and interpret probabilities\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eOnce the domain of the elites, the options market has been thrown wide open thanks to real-time price quotes, through brokerages, and the free flow of information online. The process of buying and selling options contracts is faster and more efficient than ever, and Wall Street is facing stiff competition from independent analysts and financial websites. As much as the market has changed, the fundamentals are the same—and \u003ci\u003eEssential Option Strategies\u003c\/i\u003e aims to provide expert guidance throughout the learning process. \u003c\/p\u003e\u003cp\u003eForeword xiii\u003c\/p\u003e \u003cp\u003ePreface xv\u003c\/p\u003e \u003cp\u003eAcknowledgments xix\u003c\/p\u003e \u003cp\u003eAbout the Author xxi\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Getting Started in Investing 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 The Opening Bell 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eProbabilities 4\u003c\/p\u003e \u003cp\u003eGetting Started 5\u003c\/p\u003e \u003cp\u003eResearch 6\u003c\/p\u003e \u003cp\u003eData 9\u003c\/p\u003e \u003cp\u003eCharts 11\u003c\/p\u003e \u003cp\u003eCommissions and Fees 13\u003c\/p\u003e \u003cp\u003eVirtual Trading Platforms 14\u003c\/p\u003e \u003cp\u003eSummary 15\u003c\/p\u003e \u003cp\u003eReferences 15\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 First Days of Trading 17\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBrief History of Stock Market Averages 17\u003c\/p\u003e \u003cp\u003eKey Market Indexes Today 19\u003c\/p\u003e \u003cp\u003eThe Volatility Index 21\u003c\/p\u003e \u003cp\u003eFutures 22\u003c\/p\u003e \u003cp\u003eThe Bond Market 25\u003c\/p\u003e \u003cp\u003eFed Watch 26\u003c\/p\u003e \u003cp\u003eEconomic Indicators 27\u003c\/p\u003e \u003cp\u003eEarnings 28\u003c\/p\u003e \u003cp\u003eFind Your Niche 29\u003c\/p\u003e \u003cp\u003eSummary 29\u003c\/p\u003e \u003cp\u003eReferences 30\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Know the Underlying 31\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhere Do Options Trade? 32\u003c\/p\u003e \u003cp\u003eStock Talk 34\u003c\/p\u003e \u003cp\u003eExchange-Traded Funds 38\u003c\/p\u003e \u003cp\u003eShort Selling 40\u003c\/p\u003e \u003cp\u003eOn the Margin 41\u003c\/p\u003e \u003cp\u003eSummary 41\u003c\/p\u003e \u003cp\u003eReferences 42\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Avoiding Mistakes 43\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePosition Size 44\u003c\/p\u003e \u003cp\u003eVolume and Liquidity 44\u003c\/p\u003e \u003cp\u003eOrder Entry Techniques 46\u003c\/p\u003e \u003cp\u003eUnderstand Risk 48\u003c\/p\u003e \u003cp\u003eSummary 51\u003c\/p\u003e \u003cp\u003eReferences 51\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II The Options Market 53\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Options Basics 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStock Options 57\u003c\/p\u003e \u003cp\u003eOption Value 61\u003c\/p\u003e \u003cp\u003eExercise and Assignment 62\u003c\/p\u003e \u003cp\u003eVolume and Open Interest 64\u003c\/p\u003e \u003cp\u003eIndex Options 65\u003c\/p\u003e \u003cp\u003eSummary 66\u003c\/p\u003e \u003cp\u003eReferences 67\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Introduction to Call Options 68\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCall Options versus Stock 69\u003c\/p\u003e \u003cp\u003eRisk and Reward of Long Call 70\u003c\/p\u003e \u003cp\u003eReal-World Example 72\u003c\/p\u003e \u003cp\u003eShort Calls 75\u003c\/p\u003e \u003cp\u003eIndex Call Options 78\u003c\/p\u003e \u003cp\u003eSummary 82\u003c\/p\u003e \u003cp\u003eReference 82\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Introduction to Put Options 83\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLong Puts versus Short Selling 84\u003c\/p\u003e \u003cp\u003eRisk and Reward 84\u003c\/p\u003e \u003cp\u003eReal-World Example 86\u003c\/p\u003e \u003cp\u003eProtective Puts 89\u003c\/p\u003e \u003cp\u003eIndex Put Options 92\u003c\/p\u003e \u003cp\u003eSummary 94\u003c\/p\u003e \u003cp\u003eReferences 95\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Components of Options Prices 96\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDelta and Other Greeks 97\u003c\/p\u003e \u003cp\u003eStrike Price 98\u003c\/p\u003e \u003cp\u003eTheta and Time Decay 100\u003c\/p\u003e \u003cp\u003eVega and Implied Volatility 100\u003c\/p\u003e \u003cp\u003eDividends 103\u003c\/p\u003e \u003cp\u003eRho and Interest Rates 104\u003c\/p\u003e \u003cp\u003ePut-Call Parity 105\u003c\/p\u003e \u003cp\u003eSummary 108\u003c\/p\u003e \u003cp\u003eReferences 109\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Probabilities 110\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eProbabilities 101 111\u003c\/p\u003e \u003cp\u003eProbability of Profit 112\u003c\/p\u003e \u003cp\u003eProbability of Touching 113\u003c\/p\u003e \u003cp\u003eExample 114\u003c\/p\u003e \u003cp\u003eDelta to Measure Probabilities 119\u003c\/p\u003e \u003cp\u003eSummary 121\u003c\/p\u003e \u003cp\u003eReferences 121\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Strategies and Positions 123\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Covered Calls 125\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Covered Call 125\u003c\/p\u003e \u003cp\u003eExample 130\u003c\/p\u003e \u003cp\u003eSummary 133\u003c\/p\u003e \u003cp\u003eReferences 134\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Cash-Secured Puts 135\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eShort Puts 136\u003c\/p\u003e \u003cp\u003eExample 138\u003c\/p\u003e \u003cp\u003eSummary 142\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Long Vertical Spreads 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBull Call Spread 144\u003c\/p\u003e \u003cp\u003eExample 147\u003c\/p\u003e \u003cp\u003eBear Put Spread 152\u003c\/p\u003e \u003cp\u003eExample 153\u003c\/p\u003e \u003cp\u003eSummary 157\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Short Vertical Spreads 158\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eShort (Bull) Put Spread 159\u003c\/p\u003e \u003cp\u003eExample 162\u003c\/p\u003e \u003cp\u003eShort (Bear) Call Spread 167\u003c\/p\u003e \u003cp\u003eExample 168\u003c\/p\u003e \u003cp\u003eSummary 171\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Calendar Spreads 173\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCall Calendar Spread 174\u003c\/p\u003e \u003cp\u003eExample 177\u003c\/p\u003e \u003cp\u003ePut Calendar Spread 181\u003c\/p\u003e \u003cp\u003eExample 183\u003c\/p\u003e \u003cp\u003eSummary 187\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Butterfly Spreads 188\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eButterfly Spread 189\u003c\/p\u003e \u003cp\u003eExample 191\u003c\/p\u003e \u003cp\u003eIron Butterfly Spread 196\u003c\/p\u003e \u003cp\u003eExample 198\u003c\/p\u003e \u003cp\u003eSummary 201\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 Condor Spreads 203\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCondor Spread 204\u003c\/p\u003e \u003cp\u003eExample 205\u003c\/p\u003e \u003cp\u003eIron Condor Spread 209\u003c\/p\u003e \u003cp\u003eExample 210\u003c\/p\u003e \u003cp\u003eSummary 214\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 The Close 216\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRisk Management 216\u003c\/p\u003e \u003cp\u003eOptions Orders 218\u003c\/p\u003e \u003cp\u003eUsing Options to Reduce Capital Commitment 220\u003c\/p\u003e \u003cp\u003eRolling with Spread Trades 222\u003c\/p\u003e \u003cp\u003eInvesting and Social Media 223\u003c\/p\u003e \u003cp\u003eFinal Thoughts 224\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix A The Greeks 227\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDelta Defined 228\u003c\/p\u003e \u003cp\u003eDelta Neutral 229\u003c\/p\u003e \u003cp\u003eGamma 230\u003c\/p\u003e \u003cp\u003eTheta 231\u003c\/p\u003e \u003cp\u003eVega 231\u003c\/p\u003e \u003cp\u003eRho 234\u003c\/p\u003e \u003cp\u003eReference 234\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix B Strategy Recap 235\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLong Call 235\u003c\/p\u003e \u003cp\u003eShort Call 237\u003c\/p\u003e \u003cp\u003eLong Put 238\u003c\/p\u003e \u003cp\u003eProtective Put 239\u003c\/p\u003e \u003cp\u003eCovered Call 241\u003c\/p\u003e \u003cp\u003eCollar 242\u003c\/p\u003e \u003cp\u003eCash-Secured Put 243\u003c\/p\u003e \u003cp\u003eLong Call Spread 245\u003c\/p\u003e \u003cp\u003eLong Put Spread 246\u003c\/p\u003e \u003cp\u003eShort Call Spread 247\u003c\/p\u003e \u003cp\u003eShort Put Spread 248\u003c\/p\u003e \u003cp\u003eCall Calendar Spread 250\u003c\/p\u003e \u003cp\u003ePut Calendar Spread 251\u003c\/p\u003e \u003cp\u003eCall Butterfly Spread (Long) 252\u003c\/p\u003e \u003cp\u003ePut Butterfly Spread (Long) 253\u003c\/p\u003e \u003cp\u003eIron Butterfly 255\u003c\/p\u003e \u003cp\u003eCall Condor Spread (Long) 256\u003c\/p\u003e \u003cp\u003ePut Condor Spread (Long) 257\u003c\/p\u003e \u003cp\u003eIron Condor 259\u003c\/p\u003e \u003cp\u003eQuick Strategy Guide 260\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix C Charts and Volatility Studies 265\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStock Charts 101 265\u003c\/p\u003e \u003cp\u003eTime Frames 267\u003c\/p\u003e \u003cp\u003eVolume and Volatility 269\u003c\/p\u003e \u003cp\u003eGlossary 277\u003c\/p\u003e \u003cp\u003eIndex 295\u003c\/p\u003e \u003cp\u003e\u003cb\u003eJJ Kinahan\u003c\/b\u003e is Chief Strategist and Managing Director for TD Ameritrade. A thirty-year trading veteran and a \u003ci\u003eForbes\u003c\/i\u003e contributor, he began his career as a Chicago Board Options Exchange (CBOE) market maker trading in the S\u0026amp;P 100 (OEX) and S\u0026amp;P 500 (SPX) pits. After leaving the floor, he joined thinkorswim, later purchased by TD Ameritrade, where he led initiatives on trading tools and education for retail clients.\u003c\/p\u003e  \u003cp\u003eOption trading was once a face-to-face market based on hard-to-obtain research only accessible to the privileged few. Now, with real-time quotes, digital trading platforms, and the abundance of information and data available, the option market is more accessible than ever before, and \u003ci\u003eEssential Option Strategies\u003c\/i\u003e is the quickest and easiest way to learn about the option trading market and handle yourself like a pro.\u003c\/p\u003e \u003cp\u003eThe author’s learning system quickly brings you up to speed on the latest practices, and walks you through the steps for creating your personal strategy and applying it in a real portfolio. From developing a plan and tracking indicators to making decisions based on underlying instruments, JJ Kinahan provides you with the knowledge necessary for navigating each step and includes illustrative examples to prepare you for real-world situations. He has dedicated much of his career to educating individual investors on how to take control of their personal wealth, and he shares everything you need to practice the same fundamental strategies professional investors use every day. His wisdom is grounded in solid, long-term investing principles, and this guide is his handcrafted tool for: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eConfidently executing strategies such as spread trading—including long verticals, short verticals, and calendars—as well as two advanced tactics, butterflies and condors\u003c\/li\u003e \u003cli\u003eGaining a practical understanding of pricing determinants and probabilities without using advanced math\u003c\/li\u003e \u003cli\u003eHaving the answers you need at your fingertips in convenient appendices covering the Greeks, the basics of technical analysis, stock charts, and volatility studies\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003eThere’s no way to gain greater clarity on the condition of your personal wealth than to manage it yourself, and \u003ci\u003eEssential Option Strategies\u003c\/i\u003e shows you how to apply these strategies in your own portfolio.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989157298405,"sku":"NP9781119263333","price":40.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119263333.jpg?v=1761783028","url":"https:\/\/k12savings.com\/es\/products\/essential-option-strategies-isbn-9781119263333","provider":"K12savings","version":"1.0","type":"link"}