{"product_id":"high-performance-options-trading-isbn-9780471323655","title":"High Performance Options Trading","description":"\u003cb\u003eThe essential resource for the successful option trader\u003c\/b\u003e \u003cp\u003e\u003ci\u003eHigh Performance Options Trading\u003c\/i\u003e offers a fresh perspective on trading options from a seasoned options trader programmer\/engineer, Leonard Yates. Drawing on twenty-five years of experience as an options trader and software programmer, Yates has written this straightforward guide. First he provides readers with a solid foundation to trading options, including an introduction to basic options terminology, a thorough explanation on how options are traded, and specific trading strategies. Accompanied by the OptionVue Educational website, this hands-on guide to the options market is a thorough and essential resource for any trader looking to increase his or her practical knowledge of options.\u003c\/p\u003e  \u003cb\u003eA Note from the Author.\u003c\/b\u003e  \u003cp\u003e\u003cb\u003eIntroduction.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1: The Language of Options.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Basics.\u003c\/p\u003e \u003cp\u003eListed Options.\u003c\/p\u003e \u003cp\u003eNomenclature.\u003c\/p\u003e \u003cp\u003eLongs and Shorts.\u003c\/p\u003e \u003cp\u003eA Bit More Terminology.\u003c\/p\u003e \u003cp\u003eOffsetting Option Trades.\u003c\/p\u003e \u003cp\u003eExpiration, Exercise, and Assignment.\u003c\/p\u003e \u003cp\u003eAmerican versus European.\u003c\/p\u003e \u003cp\u003eQuotations.\u003c\/p\u003e \u003cp\u003eThe Special Properties of Options.\u003c\/p\u003e \u003cp\u003eTime.\u003c\/p\u003e \u003cp\u003eVolatility.\u003c\/p\u003e \u003cp\u003eHow Options Respond to Changing Conditions.\u003c\/p\u003e \u003cp\u003eThe Greeks.\u003c\/p\u003e \u003cp\u003eThe Role of the Market Maker.\u003c\/p\u003e \u003cp\u003eVolume and Open Interest.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2: Option Strategies.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLong Call.\u003c\/p\u003e \u003cp\u003eShort Covered Call.\u003c\/p\u003e \u003cp\u003eShort Naked Call.\u003c\/p\u003e \u003cp\u003eLong Call with Short Stock.\u003c\/p\u003e \u003cp\u003eLong Put.\u003c\/p\u003e \u003cp\u003eShort Covered Put.\u003c\/p\u003e \u003cp\u003eShort Naked Put.\u003c\/p\u003e \u003cp\u003eLong Put with Long Stock.\u003c\/p\u003e \u003cp\u003eEquivalent Strategies.\u003c\/p\u003e \u003cp\u003eCombinational Strategies.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3: Volatility.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eVolatility Trading—Buying and Selling Volatility.\u003c\/p\u003e \u003cp\u003eTools of the V-Trade.\u003c\/p\u003e \u003cp\u003eSelling High Volatility.\u003c\/p\u003e \u003cp\u003eBuying Low Volatility.\u003c\/p\u003e \u003cp\u003eDelta-Neutral Trading—In a Nutshell.\u003c\/p\u003e \u003cp\u003eSeasonal Patterns in the Grains.\u003c\/p\u003e \u003cp\u003eOther Commodities.\u003c\/p\u003e \u003cp\u003eVolatility Skew—What Is It and How Can I Use It?\u003c\/p\u003e \u003cp\u003eSome Words of Warning about Naked Writing.\u003c\/p\u003e \u003cp\u003eThe Relationship between Volatility and Price.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4: The Option Trader’s Arsenal.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBuying Nearby Options—The Swing Trader’s Perfect Tool.\u003c\/p\u003e \u003cp\u003eDebit Spreads—The Calm Approach.\u003c\/p\u003e \u003cp\u003eStrategies for Trending Markets.\u003c\/p\u003e \u003cp\u003eThe Horizontal Spread—A Good Strategy in a Sideways Market.\u003c\/p\u003e \u003cp\u003eCredit Spreads—Say “Don’t Go There”.\u003c\/p\u003e \u003cp\u003eCondors—Two-Winged Creatures.\u003c\/p\u003e \u003cp\u003eThe Backspread—A Directional Strategy that Costs Nothing If You Are Wrong.\u003c\/p\u003e \u003cp\u003eCovered Writing—Enhancing Your Returns.\u003c\/p\u003e \u003cp\u003eLEAPS—An Alternative to Stock.\u003c\/p\u003e \u003cp\u003eThe Synthetic—Another Alternative to Stock.\u003c\/p\u003e \u003cp\u003eThe Butterfly Spread—When You Have a Narrow Target Range.\u003c\/p\u003e \u003cp\u003eUsing the Right Option Strategy.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5: Special Situations.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePlaying Takeovers.\u003c\/p\u003e \u003cp\u003eLetting the Options Market Tip You Off on Takeovers.\u003c\/p\u003e \u003cp\u003eCovered Writing with Convertible Securities.\u003c\/p\u003e \u003cp\u003eInvesting in a Rough Market.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6: Theoretical and Practical Matters.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOptions Pricing Models.\u003c\/p\u003e \u003cp\u003eComing Up with the Right Volatility.\u003c\/p\u003e \u003cp\u003eVolatility Skew.\u003c\/p\u003e \u003cp\u003eWhat Causes Volatility Skew?\u003c\/p\u003e \u003cp\u003eBalancing Factors.\u003c\/p\u003e \u003cp\u003ePut\/Call Parity.\u003c\/p\u003e \u003cp\u003eThe Greeks Revisited.\u003c\/p\u003e \u003cp\u003eTrue Delta and Gamma.\u003c\/p\u003e \u003cp\u003eUnderstanding the Limitations of Your Model.\u003c\/p\u003e \u003cp\u003eDealing with Anomalies and Pricing Difficulties.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7: Tips for Beginners.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Psychological Battle.\u003c\/p\u003e \u003cp\u003eTrading Mistakes and What I Learned.\u003c\/p\u003e \u003cp\u003eSome Thoughts on How Trading Fits In with Real Life.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 8: Encore.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDirectional Trading Using Pattern Recognition.\u003c\/p\u003e \u003cp\u003eTiming the Market Using the VIX.\u003c\/p\u003e \u003cp\u003eWhy a VIX Spike Stops a Market Sell-Off.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eStarting the Business (on a Shoestring).\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBusiness Philosophy.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eGlossary.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIndex.\u003c\/b\u003e\u003c\/p\u003e \u003cb\u003eLeonard (Len) Yates\u003c\/b\u003e is a professional programmer with over twenty-five years of experience in software development. He is the President and founder of OptionVue Systems International, Inc., which specializes in options trading software and services. Prior to founding OptionVue Systems International, Len was a software engineer at Tandem Computers, and a hardware and software engineer at IBM Corp. An active options trader with a comprehensive knowledge of corporate finance and financial models, Len has made important contributions in the field of options pricing models since the founding of his company–the most notable being the \"Yates adjustment\" to the popular Black-Scholes model as applied to American-style puts. Len holds a bachelor of science degree in electrical engineering from Purdue University. The beauty of options trading is that it allows you to maximize your potential reward while minimizing your risk. A small investment in options gives you as much potential for profit as a much larger investment in the underlying asset itself. But trading options successfully requires discipline and knowledge, and those entering this market without proper training may quickly lose confidence–and capital. With High Performance Options Trading: Option Volatility \u0026amp; Pricing Strategies as your guide, you’ll be able to sidestep common options trading mistakes and learn how to profitably make this exciting investment vehicle work for you. \u003cp\u003e\u003ci\u003eHigh Performance Options Trading\u003c\/i\u003e offers a fresh perspective on options trading. Drawing on twenty-five years of experience as an options trader and creator of options trading software, author Leonard Yates provides a straightforward introduction to options for the beginner or intermediate trader and reveals some of the most essential option volatility and pricing strategies currently available.\u003c\/p\u003e \u003cp\u003eWritten in a clear, easy-to-understand manner, this book offers detailed explanations of the key concepts essential to successful options trading, including:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eThe language of options–puts, calls, time decay, expiration, exercise, and assignment\u003c\/li\u003e \u003cli\u003eOptions strategies–single-option strategies as well as multi-option spread strategies\u003c\/li\u003e \u003cli\u003eVolatility–its meaning and effects on options\u003c\/li\u003e \u003cli\u003eSpecial situations–including takeover deals and other restructuring plans\u003c\/li\u003e \u003cli\u003eTheoretical and practical matters–how option pricing models, volatility models, and other essential tools of the trade are best applied in practice\u003c\/li\u003e \u003cli\u003eAnd much more\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eHigh Performance Options Trading\u003c\/i\u003e also includes an entire chapter dedicated to tips for beginners. You’ll glean inside knowledge of where to look and what to study while preparing for success in the options market.\u003c\/p\u003e \u003cp\u003eIn sharing both his greatest achievements and biggest disappointments as an options trader, Yates offers a realistic assessment of what it takes to trade options. Filled with in-depth insights and practical examples, \u003ci\u003eHigh Performance Options Trading\u003c\/i\u003e will increase your understanding of the options market and shorten your road to success. Accompanied by the OptionVue Educational companion website, this hands-on guide to the options market is a thorough and essential resource for any trader looking to increase his or her practical knowledge of options.\u003c\/p\u003e \u003cb\u003eExperts are praising \u003ci\u003eHigh Performance Options Trading\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eFrom OptionVue Systems' Len Yates\u003c\/b\u003e \u003cp\u003e\"Finally! A book by fellow Boilermaker and option software guru Len Yates! This book is a must-read for anyone interested in a sensibly based, analytical approach to options trading–whether you’re a stock or a future options trader. And the story behind the creation of OptionVue™ is a fascinating bonus.\"\u003cbr\u003e—\u003cb\u003eLarry McMillan\u003c\/b\u003e, McMillan Analysis Corp.; author of \u003ci\u003eProfit with Options and McMillan on Options\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"An expert on volatility-based trading, Len Yates applies the same practical approach to this book as he has to his highly regarded software. This is not a technician’s white paper, but a thorough, accessible guide that uses his real-life trading history to fully illustrate how you can succeed in the options markets.\"\u003cbr\u003e—\u003cb\u003eJim Bittman\u003c\/b\u003e, Senior Instructor, CBOE’s Options Institute; author of \u003ci\u003eTrading Index Options\u003c\/i\u003e and \u003ci\u003eOptions for the Stock Investor\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"For over two decades Len Yates has helped bring options to the masses by way of his groundbreaking software, OptionVue 5. Now, his new book offers the same user-friendly style and insight to the world of options investing. I’m sure I speak for thousands of grateful investors when I say, ‘Well done, Len!’\"\u003cbr\u003e—\u003ci\u003eJon \"Doctor J\" Najarian\u003c\/i\u003e, PTISecurities.com; author of \u003ci\u003eHow I Trade Options\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"Len leads the reader through the complex subject of options by recounting his triumphs and defeats and explaining in plain English the essence of each strategy.\"\u003cbr\u003e—\u003cb\u003eDavid Krell\u003c\/b\u003e, President and CEO, International Securities Exchange (ISE)\u003c\/p\u003e \u003cp\u003e\"A must-read for all options traders.\"\u003cbr\u003e—\u003cb\u003ePaul Forchione\u003c\/b\u003e, Opportunities in Options, Inc.\u003c\/p\u003e \u003cp\u003e\"From a master of options analytics comes this practical guide to options trading. Beginning and advanced traders alike will appreciate Len’s thorough coverage of options strategies and his easy-to-read style.\"\u003cbr\u003e—\u003cb\u003ePrice Headley\u003c\/b\u003e, President, BigTrends.com; author of \u003ci\u003eBig Trends in Trading\u003c\/i\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989361901797,"sku":"NP9780471323655","price":69.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471323655.jpg?v=1761783817","url":"https:\/\/k12savings.com\/products\/high-performance-options-trading-isbn-9780471323655","provider":"K12savings","version":"1.0","type":"link"}