Getting Started in Options

Illustrated Edition
1. Auflage 2013
ISBN: 978-1-118-39930-9
Verlag: John Wiley & Sons

Buch, Englisch, 284 Seiten, Format (B × H): 176 mm x 250 mm, Gewicht: 526 g

Reihe: The Getting Started In Series

A revised new edition of the easy-to-read, illustrated guide to the complex world of options investing
Investing in options is potentially very lucrative, but many shy away from it because of its complexity and the perception of high risk. In non-technical terms, this helpfully illustrated guide demystifies the options markets, distinguishes the imagined risks from the real ones, and arms investors with the facts they need to make informed, profitable decisions.
Carefully weaving examples, charts, and key points into the text, the book gives readers the skills to master the complex world of options, and also covers all the fundamental jargon and concepts.
* Updated to include commentary on the current market and the growing importance of options as an investment vehicle
* Another new addition to the successful "Getting Started In" series by Michael C. Thomsett
* The perfect introductory guide to options for investors at any level of experience
For anyone who wants to invest in options but needs a straightforward and easy-to-read guide to the subject in order to do so, Getting Started in Options is a must-read.

Autoren/Hrsg.

Thomsett, Michael C.

Inhaltsverzeichnis

Acknowledgments vii
Element Key ix
Introduction xi
Chapter 1: Calls and Puts: Defining the Field of Play 1
The Call Option 12
The Put Option 30
Option Valuation 36
Chapter 2: Opening and Tracking: How It All Works 51
A Note on the Expiration Cycle 56
Opening and Closing Option Trades 58
Calculating the Rate of Return for Sellers 63
Chapter 3: Buying Calls: Maximizing the Rosy View 73
Understanding the Limited Life of the Call 74
Judging the Call 79
Call Buying Strategies 84
Defining Profit Zones 97
Chapter 4: Buying Puts: The Positive Side of Pessimism 107
The Limited Life of the Put 109
Judging the Put 116
Put Buying Strategies 124
Defining Profit Zones 134
Chapter 5: Selling Calls: Conservative and Profitable 141
Selling Uncovered Calls 144
Selling Covered Calls 158
Calculating Rate of Return 165
Chapter 6: Selling Puts: The Overlooked Strategy 173
Analyzing Stock Values 177
Evaluating Risks 180
Put Strategies 181
Chapter 7: Closing Positions: Cover, Close, Exercise or Roll 199
Defining Possible Outcomes of Closing Options 199
Exercising the Option 201
Timing the Decision 209
Avoiding Exercise 214
Chapter 8: Paper Trading: A Test Run of the Theory 231
The Case for Paper Trading 233
Two Sites Worth Checking 236
Proceeding with Paper-Trading Plan 239
Chapter 9: Calculating the Return: A Complex Aspect to Options 243
Finding a Realistic Method 244
Annualizing Models and Guidelines 246
An Overview of Basic Calculation for Calls 250
Anticipating the Likely Return 255
Glossary 263
Recommended Reading 279
About the Author 281
Index 283

Über Autor(innen)

MICHAEL C. THOMSETT has written more than seventy books on investing, real estate, business, and management. He is the author of several Wiley books, including the previous editions of the bestselling Getting Started in Options, as well as Getting Started in Fundamental Analysis, Getting Started in Real Estate Investing, and Getting Started in Swing Trading. He contributes articles to many websites, including Minyanville Media and TradingMarkets.com as well as investor-oriented magazines such as BetterInvesting and the AAII Journal.