{"product_id":"trading-and-hedging-with-agricultural-futures-and-options-isbn-9781592803293","title":"Trading and Hedging with Agricultural Futures and Options","description":"\u003cp\u003eToday's Premier Guidebook for Understanding Agricultural Options and Making Them a Key Part of Your Trading and Risk Management Strategy \u003cbr\u003e\u003cbr\u003eAgricultural futures and options represent a vital niche in today's options trading world. Trading and Hedging with Agricultural Futures and Options takes an in-depth look at these valuable trading tools, and presents clear, proven strategies and techniques for both hedgers and traders to achieve their goals while minimizing risk.\u003c\/p\u003e \u003cp\u003eRelying on nuts-and-bolts techniques and examples as opposed to the mathematical models and theory favored by other options-trading manuals this practical, hands-on book discusses many topics, including:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eHow hedgers and traders can use options effectively with realistic expectations\u003c\/li\u003e \u003cli\u003eMethods to understand price behavior including the \"Greeks\" (delta, gamma, vega, and theta)\u003c\/li\u003e \u003cli\u003eThe importance of volatility and little-known ways to make it work to your advantage\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFor producers and processors, agricultural futures and options are necessary components for controlling costs and hedging risks. For traders, they are proven vehicles for earning exceptional risk-adjusted profits. Whichever side of the aisle you are on, Trading and Hedging with Agricultural Futures and Options will provide you with the answers you need to effectively use these versatile tools and make them an integral part of your business.\u003c\/p\u003e \u003cp\u003eContents\u003c\/p\u003e \u003cp\u003eForeword by \u003ci\u003eWillard R. Sparks, CEO\u003c\/i\u003e, Sparks Companies ix\u003c\/p\u003e \u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003eDisclosures xv\u003c\/p\u003e \u003cp\u003eIntroduction xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I The Basics of Futures and Options 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1 The Terminology of Futures and Options 3\u003c\/p\u003e \u003cp\u003eChapter 2 Diagrams of Basic Trading Strategies 20\u003c\/p\u003e \u003cp\u003eChapter 3 Diagrams of Basic Hedging Strategies 51\u003c\/p\u003e \u003cp\u003eChapter 4 Why Futures and Options Have Value 70\u003c\/p\u003e \u003cp\u003eChapter 5 Option Price Behavior 81\u003c\/p\u003e \u003cp\u003eChapter 6 Volatility 96\u003c\/p\u003e \u003cp\u003eChapter 7 Option Price Behavior II: The Greeks 117\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 2 Hedging Strategies 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 8 Strategies for Long Hedgers 145\u003c\/p\u003e \u003cp\u003eChapter 9 Strategies for Short Hedgers 171\u003c\/p\u003e \u003cp\u003eChapter 10 Advanced Hedging Strategies 195\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 3 Trading Strategies 223\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 11 Pricing and Graphing Strategies with OP-EVALF™ 225\u003c\/p\u003e \u003cp\u003eChapter 12 Buying Options 244\u003c\/p\u003e \u003cp\u003eChapter 13 Selling Options 265\u003c\/p\u003e \u003cp\u003eChapter 14 Vertical Spreads 283\u003c\/p\u003e \u003cp\u003eChapter 15 Straddles and Strangles 303\u003c\/p\u003e \u003cp\u003eChapter 16 Ratio Spreads 320\u003c\/p\u003e \u003cp\u003eChapter 17 Conclusion 334\u003c\/p\u003e \u003cp\u003eIndex 341\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eJAMES B. BITTMAN\u003c\/b\u003e is a staff instructor at The Options Institute, the education division of the Chicago Board Options Exchange (CBOE), where he teaches seminars on options to investors in the United States and Europe. He is also on the faculty at the Illinois Institute of Technology, and holds a commodity options membership at the Chicago Board of Trade (CBOT). A successful options trader for more than 20 years, Bittman also wrote the best-selling \u003ci\u003eOptions for the Stock Investor\u003c\/i\u003e.   \u003c\/p\u003e\u003cp\u003eDiagrams of basic hedging and trading strategies . . . Discussions of volatility and advanced option pricing topics . . . The role of delta, gamma, theta, and vega on price movement . . . Strategies and scenarios to profit from both rising and falling markets . . . \u003ci\u003eTrading and Hedging with Agricultural Futures and Options\u003c\/i\u003e will help traders and hedgers understand how agricultural options work, how they can be used to pursue specific hedging and trading goals, and what are the pros and cons of using individual techniques. Clear, concise, and practical, it explains every nuance of these unique and historically profitable instruments-and is today's most comprehensive, easy-to-understand resource for all traders, regardless of their goals and objectives. \t \u003c\/p\u003e\u003cp\u003eMarkets in commodity futures and options first arose-and continue to exist-as tools for commodity producers and commodity processors to manage risk. Along the way, traders and speculators discovered their value as instruments for producing consistently superior gains. For both groups, however, authoritative and understandable information has been difficult, if not impossible, to find.  \u003c\/p\u003e\u003cp\u003e\u003ci\u003eTrading and Hedging with Agricultural Futures and Options\u003c\/i\u003e provides the information you need to get the most benefit from your trading program. Written by James Bittman, one of today's leading teachers and strategists on the effective use of futures and options, this long awaited book is divided into three sections: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eThe Basics of Futures and Options—The vocabulary, mechanics, value components, and price behavior of these dynamic instruments\u003c\/li\u003e \u003cli\u003eHedging Strategies—A five-step process illustrating fundamental strategies for both long and short hedgers, with a chapter devoted to advanced hedging strategies\u003c\/li\u003e \u003cli\u003eTrading Strategies—Explanations of how to develop realistic expectations and analyze trading alternatives, including use of the OP-EVALF computer program\u003c\/li\u003e \u003c\/ul\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990401695973,"sku":"NP9781592803293","price":75.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781592803293.jpg?v=1761787681","url":"https:\/\/k12savings.com\/es\/products\/trading-and-hedging-with-agricultural-futures-and-options-isbn-9781592803293","provider":"K12savings","version":"1.0","type":"link"}