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Informationen zum Autor KERRY W. GIVEN, PHD, 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, SFO 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. Klappentext 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. No-Hype Options Trading 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. In the overhyped world of trading education, it has become exceedingly difficult to discern reasonable expectations for your returns with various trading strategies. No-Hype Options 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. Divided into two comprehensive parts, this practical guide: Discusses 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 Contains the knowledge of probabilities and options pricing you need to survive and prosper in the options markets Debunks various options trading myths and addresses the essential elements involved in turning your options trading endeavors into a profitable business Tests your understanding of the concepts presented with end-of-chapter exercises And much more Written 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. Zusammenfassung A straightforward guide to successfully trading options Options 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. Inhaltsverzeichnis Acknowledgments xi Introduction xiii Part 1 The Foundations of Options Trading 1 Chapter 1 Option Basics 3 Definitions of Calls and Puts 3 Are You Long or Short? 4 Option Contract Size 4 Is My Option In- or Out-of-the-Money? 5 Option Trade Orders 5 Option Expiration 6 LEAPS Options 7 Option Settlement 7 Options Cycles 8 Chapter 2 Probability Distributions 11 The Gaussian Distribution 11 Application to the Real World 12 Risk-Adjusted Returns 15 High-Probability Trading 17 Low-Probability Trading 18 Options Trading Myths 20 What Is a Conservative Trade? 21 Exercises 22 Chapter 3 Options Pricing and Implied Volatility 25 The Black-Scholes Pricing Model 25 The Greeks 26 Implied Volatil...
