{"product_id":"no-hype-options-trading-isbn-9780470920152","title":"No-Hype Options Trading","description":"\u003cb\u003eA straightforward guide to successfully trading options\u003c\/b\u003e  \u003cp\u003eOptions provide traders and investors with a wide range of strategies to lock in profits, reduce risk, generate income, or speculate on market direction. However, they are complex instruments and can be difficult to master if misunderstood.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eNo-Hype Options Trading\u003c\/i\u003e offers the straight truth on how to trade the options market. In it, author Kerry Given provides realistic strategies to consistently generate income every month, while debunking many myths about options trading that tend to lead retail traders astray. Along the way, he makes a conscious effort to avoid complex strategies that are appropriate only for market makers or professional traders, and instead focuses on low-risk strategies that can be easily implemented and managed by a part-time trader.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eShows how you can use option spreads in conjunction with stocks to produce a regular stream of income\u003c\/li\u003e \u003cli\u003eEach chapter includes exercises to help you master the material presented\u003c\/li\u003e \u003cli\u003eExamines how you can adjust option positions as market conditions change in order to maintain an optimal risk\/reward profile\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWritten for anyone interested in successfully trading options, this reliable resource cuts through the hype and misinformation that surrounds options trading and presents a realistic path to profits.\u003c\/p\u003e \u003cp\u003eAcknowledgments xi\u003c\/p\u003e \u003cp\u003eIntroduction xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 1 The Foundations of Options Trading 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Option Basics 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinitions of Calls and Puts 3\u003c\/p\u003e \u003cp\u003eAre You Long or Short? 4\u003c\/p\u003e \u003cp\u003eOption Contract Size 4\u003c\/p\u003e \u003cp\u003eIs My Option In- or Out-of-the-Money? 5\u003c\/p\u003e \u003cp\u003eOption Trade Orders 5\u003c\/p\u003e \u003cp\u003eOption Expiration 6\u003c\/p\u003e \u003cp\u003eLEAPS Options 7\u003c\/p\u003e \u003cp\u003eOption Settlement 7\u003c\/p\u003e \u003cp\u003eOptions Cycles 8\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Probability Distributions 11\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Gaussian Distribution 11\u003c\/p\u003e \u003cp\u003eApplication to the Real World 12\u003c\/p\u003e \u003cp\u003eRisk-Adjusted Returns 15\u003c\/p\u003e \u003cp\u003eHigh-Probability Trading 17\u003c\/p\u003e \u003cp\u003eLow-Probability Trading 18\u003c\/p\u003e \u003cp\u003eOptions Trading Myths 20\u003c\/p\u003e \u003cp\u003eWhat Is a Conservative Trade? 21\u003c\/p\u003e \u003cp\u003eExercises 22\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Options Pricing and Implied Volatility 25\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Black-Scholes Pricing Model 25\u003c\/p\u003e \u003cp\u003eThe Greeks 26\u003c\/p\u003e \u003cp\u003eImplied Volatility 27\u003c\/p\u003e \u003cp\u003eBuilding the Price of an Option 28\u003c\/p\u003e \u003cp\u003eA Closer Look at the Greeks 29\u003c\/p\u003e \u003cp\u003eHow Will We Use the Greeks? 31\u003c\/p\u003e \u003cp\u003eExercises 32\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Vertical Spreads 33\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBuilding the Vertical Spread 33\u003c\/p\u003e \u003cp\u003eEffects of Implied Volatility 35\u003c\/p\u003e \u003cp\u003eEarly Exercise 41\u003c\/p\u003e \u003cp\u003eExpiration and Exercise 43\u003c\/p\u003e \u003cp\u003eMargin Requirements 44\u003c\/p\u003e \u003cp\u003eApplication of Probability Calculations 45\u003c\/p\u003e \u003cp\u003eRisk\/Reward and Probability of Success 46\u003c\/p\u003e \u003cp\u003eExercises 47\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 2 Options Strategies for Income Generation 49\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Using Options to Boost Income in a Stock Portfolio 51\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Classic Covered Call Strategy 52\u003c\/p\u003e \u003cp\u003eStrategic Considerations 53\u003c\/p\u003e \u003cp\u003eThe Notorious Selling Naked Puts Strategy 53\u003c\/p\u003e \u003cp\u003eSelling Naked Puts for Income 54\u003c\/p\u003e \u003cp\u003eBuying Stocks at a Discount 56\u003c\/p\u003e \u003cp\u003eCombining the Covered Call with Selling Naked Puts 56\u003c\/p\u003e \u003cp\u003eEarly Exercise 58\u003c\/p\u003e \u003cp\u003eRisk Management 60\u003c\/p\u003e \u003cp\u003eThe Achilles’ Heel of Directional Strategies 61\u003c\/p\u003e \u003cp\u003eExercises 62\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Calendar and Double Calendar Spreads 63\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eVega Risk and Calendar Spreads 66\u003c\/p\u003e \u003cp\u003eVolatility Skews 67\u003c\/p\u003e \u003cp\u003eSearching for Calendar Candidates 70\u003c\/p\u003e \u003cp\u003eEntering and Managing the Trade 71\u003c\/p\u003e \u003cp\u003eEarly Exercise 71\u003c\/p\u003e \u003cp\u003eAdjustments 72\u003c\/p\u003e \u003cp\u003eOut-of-the-Money Calendar Spreads 73\u003c\/p\u003e \u003cp\u003eDouble Calendar Spreads 73\u003c\/p\u003e \u003cp\u003eDetermining the Optimal Strike Prices 76\u003c\/p\u003e \u003cp\u003eTrade Management and Adjustments 82\u003c\/p\u003e \u003cp\u003eMultiple Calendar Spread Positions 83\u003c\/p\u003e \u003cp\u003eExercises 83\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Double Diagonal Spreads 85\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDiagonal Spreads 85\u003c\/p\u003e \u003cp\u003eDouble Diagonal Spreads 87\u003c\/p\u003e \u003cp\u003eManaging the Trade 90\u003c\/p\u003e \u003cp\u003eDouble Diagonals vs. Double Calendars 91\u003c\/p\u003e \u003cp\u003eExercises 92\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Butterfly Spreads 95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAt-the-Money and Out-of-the-Money Butterfly Spreads 95\u003c\/p\u003e \u003cp\u003eIron Butterfly Spreads 99\u003c\/p\u003e \u003cp\u003eThe Broken-Wing Butterfly 99\u003c\/p\u003e \u003cp\u003eMargin Requirements 101\u003c\/p\u003e \u003cp\u003eTrade Management 103\u003c\/p\u003e \u003cp\u003eClosing Butterfly Spreads 106\u003c\/p\u003e \u003cp\u003eButterfly Spreads as Adjustments 111\u003c\/p\u003e \u003cp\u003eExercises 112\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Condor Spreads 113\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Basic Condor Spread 113\u003c\/p\u003e \u003cp\u003eThe Opportunistic Model 116\u003c\/p\u003e \u003cp\u003eThe Insurance Model 119\u003c\/p\u003e \u003cp\u003eIron Condor Spreads 121\u003c\/p\u003e \u003cp\u003eVega Risk and the Condor 124\u003c\/p\u003e \u003cp\u003eThe Short-Term Iron Condor 128\u003c\/p\u003e \u003cp\u003eThe Long-Term Iron Condor 129\u003c\/p\u003e \u003cp\u003eCapital Management 131\u003c\/p\u003e \u003cp\u003eRisk Management 131\u003c\/p\u003e \u003cp\u003eAdjustment Techniques 132\u003c\/p\u003e \u003cp\u003eAdjustment Pros and Cons 134\u003c\/p\u003e \u003cp\u003eAdjustment Case Studies 135\u003c\/p\u003e \u003cp\u003eManaging the Iron Condor with the Greeks 138\u003c\/p\u003e \u003cp\u003eAdvanced Adjustment Techniques 140\u003c\/p\u003e \u003cp\u003eIron Condor Trading Systems 140\u003c\/p\u003e \u003cp\u003eButterflies and Condors are Cousins 144\u003c\/p\u003e \u003cp\u003eExercises 146\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Delta-Neutral Trading Strategies 149\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRisk Management Systems 151\u003c\/p\u003e \u003cp\u003eChallenging Markets for the Delta-Neutral Trader 152\u003c\/p\u003e \u003cp\u003eTwo Distinct Trading Philosophies 153\u003c\/p\u003e \u003cp\u003eThe “Secret” of Success 155\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Make Your Trading a Business 157\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGetting Started 157\u003c\/p\u003e \u003cp\u003eManaging Losses 159\u003c\/p\u003e \u003cp\u003eThe Trading Plan 159\u003c\/p\u003e \u003cp\u003eMoney Management 160\u003c\/p\u003e \u003cp\u003eThe Psychology of Trading 161\u003c\/p\u003e \u003cp\u003eLiving with the Two-Headed Monster 163\u003c\/p\u003e \u003cp\u003eRequired Tools for This Business 164\u003c\/p\u003e \u003cp\u003eWhat’s Next? 165\u003c\/p\u003e \u003cp\u003eAppendix: Answers to the Chapter Exercises 169\u003c\/p\u003e \u003cp\u003eGlossary 185\u003c\/p\u003e \u003cp\u003eIndex 193\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eKERRY W. GIVEN, P\u003csmall\u003eH\u003c\/small\u003eD,\u003c\/b\u003e\u003cb\u003e\u003c\/b\u003e is founder of Parkwood Capital, LLC, a business that consists of stock and options coaching, a monthly newsletter, a small hedge fund, and a trading advisory service. He writes a monthly column, \"Ask Dr. Duke,\" for, and conducts monthly webinars with, \u003ci\u003eSFO\u003c\/i\u003e magazine. Given speaks frequently at trading conferences and on behalf of various option brokerage firms. He is the only options coach and educator who publishes his trading results live as they occur. Given earned his BS from the University of Florida and his PhD from the University of Minnesota.   Options provide traders and investors with a wide range of strategies to generate income and reduce risk. But if you are unfamiliar with how to use them in this capacity, you could quickly lose much of your capital.  \u003c\/p\u003e\u003cp\u003e\u003ci\u003eNo-Hype Options Trading\u003c\/i\u003e offers the straight truth on how to trade the options market. In it, author Kerry Given (a.k.a. Dr. Duke) provides realistic strategies to consistently generate income every month, while debunking the many myths about options trading that tend to lead retail traders astray. Along the way, he makes a conscious effort to avoid complex strategies that are appropriate only for market makers or professional traders and, instead, focuses on strategies that can be easily implemented and managed by a part-time trader.\u003c\/p\u003e \u003cp\u003eIn the overhyped world of trading education, it has become exceedingly difficult to discern reasonable expectations for your returns with various trading strategies. \u003ci\u003eNo-Hype Options\u003c\/i\u003e Trading seeks to put things in perspective by giving you the foundation to develop a trading system with a real probabilistic edge and helping you save much of the time, effort, and losses that often characterize the options trading learning process.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eDivided into two comprehensive parts, this practical guide:\u003c\/b\u003e\u003c\/p\u003e \u003cul\u003e \u003cli\u003e \u003cp\u003eDiscusses the effective options strategies the author uses every day as a retail trader—from covered calls and naked puts to calendar and condor spreads—instead of focusing on trading techniques that worked in the option pits several years ago\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eContains the knowledge of probabilities and options pricing you need to survive and prosper in the options markets\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eDebunks various options trading myths and addresses the essential elements involved in turning your options trading endeavors into a profitable business\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eTests your understanding of the concepts presented with end-of-chapter exercises\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eAnd much more\u003c\/p\u003e \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWritten for anyone interested in successfully trading options, this reliable resource cuts through the hype and misinformation that surround options trading and presents a realistic path to profits.\u003c\/p\u003e  \u003cp\u003eOptions provide traders and investors with a wide range of strategies to generate income and reduce risk. But if you are unfamiliar with how to use them in this capacity, you could quickly lose much of your capital. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eNo-Hype Options Trading\u003c\/i\u003e offers the straight truth on how to trade the options market. In it, author Kerry Given (a.k.a. Dr. Duke) provides realistic strategies to consistently generate income every month, while debunking the many myths about options trading that tend to lead retail traders astray. Along the way, he makes a conscious effort to avoid complex strategies that are appropriate only for market makers or professional traders and, instead, focuses on strategies that can be easily implemented and managed by a part-time trader. \u003c\/p\u003e\u003cp\u003eIn the overhyped world of trading education, it has become exceedingly difficult to discern reasonable expectations for your returns with various trading strategies. \u003ci\u003eNo-Hype Options Trading\u003c\/i\u003e seeks to put things in perspective by giving you the foundation to develop a trading system with a real probabilistic edge and helping you save much of the time, effort, and losses that often characterize the options trading learning process. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eDivided into two comprehensive parts, this practical guide:\u003c\/b\u003e \u003c\/p\u003e\u003cul\u003e \u003cli\u003eDiscusses the effective options strategies the author uses every day as a retail trader—from covered calls and naked puts to calendar and condor spreads—instead of focusing on trading techniques that worked in the option pits several years ago\u003c\/li\u003e \u003cli\u003eContains the knowledge of probabilities and options pricing you need to survive and prosper in the options markets\u003c\/li\u003e \u003cli\u003eDebunks various options trading myths and addresses the essential elements involved in turning your options trading endeavors into a profitable business\u003c\/li\u003e \u003cli\u003eTests your understanding of the concepts presented with end-of-chapter exercises\u003c\/li\u003e \u003cli\u003eAnd much more\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWritten for anyone interested in successfully trading options, this reliable resource cuts through the hype and misinformation that surround options trading and presents a realistic path to profits.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989692793061,"sku":"NP9780470920152","price":65.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470920152.jpg?v=1761785127","url":"https:\/\/k12savings.com\/products\/no-hype-options-trading-isbn-9780470920152","provider":"K12savings","version":"1.0","type":"link"}