جزییات کتاب
We wrote this book to give stock traders a stock option book that was neither so simple that it insulted their intelligence but at the same time not so complicated that it was beyond comprehension. We also wanted to make it a fun read as opposed to feeling like a boring college lecture. We believe we have accomplished these missions.ContentsIntroductionChapter 1 Options are not assets, they are bets.Chapter 2 Every option contract has a buyer and a seller; one is long, one is short, but which one has the best odds of winning?Chapter 3 Strong trends are the friend of an option buyer and the enemy of an option seller.Chapter 4 Time is an option seller’s friend, but the option buyer’s enemy. (theta)Chapter 5 volatility is the option buyer’s friend but the option seller’s enemy. (vega)Chapter 6 How much of the move do you get for the money? (delta)Chapter 7 Stocks for rent: covered callsChapter 8 Selling lottery tickets: naked optionsChapter 9 Buying lottery tickets: deep out-of-the-money optionsChapter 10 Trends determine who wins: strangles and straddlesChapter 11 The twins: every position has a synthetic relativeChapter 12 Spreads: ratio, calendar, diagonalChapter 13 The wind beneath the pro’s wings: butterflies and condorsChapter 14 Dealing with the behavioral problems of immature optionsChapter 15 A trader’s choices: insurance, stop losses, or ruinChapter 16 Your method, your rules, your edgeAppendix A: Relative time value of options based on the time to expiration of the contractAppendix B: Odds and expected payout of selected option strategiesAppendix C: The relationship between option premiums, deltas, standard deviations, and profit probabilitiesAppendix D: Time progression payout potentialAppendix E: Expanded table of synthetic positions