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With so much emphasis on calls (especially covered calls) many traders overlook the tremendous hedging and profit potential of the put. The Amazing Put demonstrates the many strategies based on the put option, including the risk hedge, a long put (often a long-term, or LEAPS put) that freezes market risk at the put's strike (minus its premium); and the short uncovered put, which has market risk identical to the covered call.
The author methodically lays out the case for using puts wisely, both as a cash generator with low risk, and as a risk hedge to reduce or eliminate market risk in equity positions. Every options trader will benefit from exploring these strategies, and novices will gain a starting point in developing a program to enhance their stock portfolio.
Michael C. Thomsett is a market expert, author, speaker, and coach. His many books include Stock Market Math, Candlestick Charting, and Options, Tenth Edition.
Table des matières
Introduction to the 2nd Edition - Managing and Exploiting Volatility
Chapter 1: The Flexible Nature of Options: Risks for All Levels
Chapter 2: Puts, the Other Options: The Overlooked Risk Hedge (expand to demonstrate how the risk hedge works)
Chapter 3: Profit-taking Without Selling Stock: An Elegant Solution (expand with more examples)
Chapter 4: Swing Trading with Puts: Long and Short or Combined with Calls (Swing trading can be further explained)
Chapter 5: Put Strategies for Spreads: Hedging for Profit
Chapter 6: Put Strategies for Straddles: Profits in Either Direction
Chapter 7: Puts in the Ratio Spread: Altering the Balance (more explanation is needed here)
Chapter 8: Puts As Part of Synthetic Strategies: Playing Stocks Without the Risk (expand to explain how to manage risks)
Chapter 9: Puts in Contrary Price Run-Ups: Safe Counter-plays During Bear Markets (show both bull and bear strategies)
Chapter 10: Uncovered Puts to Create Cash Flow: Rising Markets and Reversal Patterns (much more explanation)
Chapter 11: (NEW) Uncovered Puts in Recovery: An Essential Strategy to Offset Loss
Chapter 12: (NEW) Puts and Risk: A Range of Risk Levels and a Conservative Trading Goal
Glossary
Index
A propos de l'auteur
Michael C. Thomsett, Expert in technical analysis and stock markets. He has authored dozens of financial books.
Résumé
First published under the title: Put option strategies for smarter trading.
