Profit With Options

Profit with Options: Essential Methods for Investing Success is a powerful new guide that allows every investor to learn about options by benefiting from the wealth of knowledge and years of experience of a true options expert. Renowned options authority and Trader's Hall of Fame award-winner Lawrence McMillan complements his prior books with this thorough guidebook. No matter what your background, regardless of your experience level, McMillan's new hands-on manual takes readers on a course through the complete options trading process and provides end-of-chapter questions that will help you reinforce tactics and refine options trading skills-preparing you to apply them with savvy and strength before you are out in the real trading arena. Profit with Options takes you from a basic clarification of terminology to straightforward explanations of complete trading methodologies, for both the beginner and the veteran trader, with chapters on direct and contrary indicators, protecting a stock portfolio, and trading volatility. Through hard-won knowledge gleaned from years of options trading experience, McMillan provides you with in-depth coverage of trading systems, factors that affect markets and market behaviors, and general portfolio-protecting strategies, while uncovering the practices of successful options strategies. Focused on actual ways to generate profits from options trading, this accessible guide will show you how to: * Use options as predictors of market behavior * Determine when to engage in straddle buying * Interpret OEEX and VIX * Choose the trading system that's right for you * Reduce the cost of portfolio protection * Understand and use the measures of option price changes (greeks) * Analyze the reasons behind volatility changes . . . and much more. Profit with Options will challenge you every step of the way, and the valuable Q&A section at the end of each chapter offers you the rare chance to test your options knowledge before going into real-world trading situations-where time and money are something you cannot afford to lose. In clear, easy-to-follow terms, Profit with Options arms you with the facts you need to understand options-stock, index, and futures options-as well as the tools you need to implement profitable options trading strategies. Whether you're looking for new investment sources in a bear market or seeking hedge protection in a bull, Profit with Options is a lively, one-stop reference and vital tool that can help you achieve your investment goals.