Little Book of Trading Options Like the Pros (eBook)

Learn How to Become the House

David M. Berns, Michael Green (Autoren)

eBook Download: PDF

2024 | 1. Auflage
144 Seiten
Wiley (Verlag)
978-1-394-23897-2 (ISBN)

Infos

Master profitable option trading with the techniques of the pros. In The Little Book of Trading Options Like the Pros: Learn How to Become the House, a team of veteran options and derivatives traders delivers an expert account of how to master the zero-sum game of options trading. In the book you'll learn how to 'become the house, consistently making a small amount of money on average on each trade, in a similar fashion to a casino in Las Vegas or an insurance company selling insurance policies. The authors explain how to skip the painful part of the steep options learning curve, showing you how to avoid the most common pitfalls, and become a profitable trader quickly. You'll find: A one-stop resource for everyone looking to become a pro-level trader, including a primer on options without fancy math, engaging anecdotes and lots of invaluable institutional knowledge A review of the full options ecosystem, and how to position yourself with the odds in your favor, to be a profitable player in this complex trading landscape A deep dive into the same strategies and techniques used by professional options traders, without the need for finance degrees or hard-to-obtain experience A clear roadmap of how to take the knowledge in the book and turn it into a practical and profitable trading endeavor Perfect for inspiring day traders, The Little Book of Trading Options Like the Pros is also a must-read book for anyone interested in investing or trading in modern financial markets.

Autor

David Berns is a pioneer in the use of options and derivatives for both retail and institutional portfolio management. David is currently the Chief Investment Officer of Simplify, an asset manager bringing institutional-grade alternative strategies to ETFs. Michael Green has been a student of markets and market structure for nearly 30 years and has a storied track record as a hedge fund manager at Canyon Capital Advisors, Ice Farm Capital, Logica, and Thiel Macro.

Inhalt

Preface xi

Acknowledgments xvi

Chapter One Trading Options: Allure vs. Reality 1

The Retail Option Explosion 2

The Natural Biases of New Traders 7

The Amateur Trap 10

An Intuitive Conclusion 12

Chapter Two The Barebones Option Primer 15

Option Basics 17

Options in Time 20

Breaking Down the Option Premium 23

Combining Options 31

Real- World Examples 35

Chapter Three Become the House 39

The Broader Option Ecosystem 40

Our Core Trade 45

Strike Selection 47

Expiry Selection 51

Equity ETF Puts for the Win 55

Chapter Four Risk Management 57

Moving Beyond "Sell and Hold" 59

Stop Losses 60

Profit Taking 64

Rolling Positions 67

Chapter Five Building a Portfolio 73

Motivation 75

Expanding Our Universe 77

A "Commonsense" Portfolio 84

Optimized Portfolios 89

Setting Risk Exposures 96

Chapter Six From Theory to Practice 101

Option Screener 103

Trading 108

The First Six Months 119

Beware Assignment 122

Behavioral Biases of Sellers 123

Parting Words 125

Bibliography 127

Produkt-Details

• Erscheint lt. Verlag: 30.4.2024
• Reihe/Serie: Little Books. Big Profits
• Sprache: englisch
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management
• Schlagworte: Finance & Investments • Finanz- u. Anlagewesen • Investments & Securities • Kapitalanlage • Kapitalanlagen u. Wertpapiere • Optionsgeschäft
• ISBN-10: 1-394-23897-5 / 1394238975
• ISBN-13: 978-1-394-23897-2 / 9781394238972