Discover a practical trading strategy that combines options and ETFs. Create Your Own Hedge Fund explains how exchange-traded funds can be used in conjunction with an options strategy to attain steady growth. Beginning with a tutorial on options and ETFs, the book goes on to describe both investment approaches in great detail providing you with a trading strategy that generates higher returns than buy-and-hold investing -- and allows you to reduce risk by adopting a hedging strategy. Filled with in-depth insights and expert advice, this book is intended for you if you're a sophisticated individual investor or a professional investor, trader, or other money manager looking to update your arsenal of investment tools. Order your copy today!

Create Your Own Hedge Fund: Increase Profits and Reduce Risks with ETFs and Options (Wiley Trading)

Business & Money

Wolfinger, Mark D.

Economics

wiley

Updated and expanded 2nd edition of the Amazon best-selling book: The Rookie's Guide to Options. Wolfinger teaches readers how to use the versatile, risk-reducing investing tool, the stock option. Step-by-step instructions on making, managing and exiting trades. The emphasis is on getting the reader to understand how options work. There are no rules to memorize, just plain common sense ideas. Wolfinger's unique approach has readers follow along as he makes trade decisions and manages risk. The lessons follow in logical order, with each based on knowledge acquired in earlier chapters. Seven basic option strategies are covered. Learn why the commonly used strategy of buying options for speculation is far too risky for all but the most sophisticated traders and why it is an inappropriate strategy for newcomers to the option's world. Learn to adopt strategies with limited risk but which come with a high probability of earning profits. His favorite strategies include covered call writing, selling cash-secured puts, collars, credit spreads, iron condors, diagonal spreads, and calendar spreads. Don't let the title fool you. This book contains all the information that a new trader has to know before getting started with options, but it also could be titled "The Rookie and Intermediate Trader's Guide to Options." You will keep this book handy as a reference as you gain trading experience and a better understanding of how to use options effictively.

The Rookie's Guide to Options; 2nd edition: The Beginner's Handbook of Trading Equity Options

Investing

Options for Rookies

My thoughts on selling naked put options from the perspective of traders and investors, both novice and experienced. eBook is available.

Writing Naked Puts: The Best Option Strategies. Volume 1

Options for Rookies Books

Iron Condors is the third book in the "Best Option Strategies" series and each offers a hands-on education for some of the most useful option strategies. It is intended to be very different from all other books about iron condors. Expect to learn the basic concepts of trading iron condors: (1) How to decide which options are suitable for your iron condor. Know in advance that there is seldom a single ‘best’ position that suits all traders; (2) Ideas -- with specific examples -- on how to manage risk; (3) Figuring out when to exit. We’ll discuss the pros and cons of locking in profits quickly (not a good idea) vs. holding longer (but not too long). There is more that makes this book so special. It is not just a “how to” book because I share lessons learned from a lifetime of trading options (starting in 1977 when I became a CBOE market maker). I share my philosophy on iron condor trading and ideas on how a winning trader thinks. The goal is to offer guidance that allows you to develop good trade habits and an intelligent way of thinking about trading. We all learn as we gain experience, but some experience can be destructive when mindsets -- that are dangerous to your longevity as a trader -- become ingrained habits. This book helps traders avoid developing a difficult-to-break way of thinking. This book was prepared for an audience that already understands the most basic concepts about options. Although some of the material is suitable for rookies. If you do not understand the difference between a put and call or have zero trading experience, I encourage you to begin with the most basic concepts about options before continuing. There are numerous sources of information, but I recommend my recently updated (2013) The Rookie’s Guide to Options, 2nd edition. Another decision involves the pre-planned (I encourage preparation of a trade plan for each trade) exit when the target profit is achieved. If you have no profit target, then you will be hard pressed to exit when the trade continues to earn money. As profits accumulate, it becomes a daily decision: hold or exit. It is important to recognize when there is too little remaining profit potential for the prudent trader to hold. The trade plan helps with making good and timely decisions -- and that makes you a more disciplined trader. Closing the position could also be a gut-wrenching decision that locks in a loss and is made because it has become essential to take risk-reducing action. The book offers a solid introduction to risk management for iron condor traders. The following points represent the foundation of my beliefs, and the book is written accordingly: (1)The ability to manage risk is the most important skill for any trader; (2) Take time to learn about the Greeks. It is not difficult, and it allows you to recognize the risk (and reward) potential for any position; (3) Discipline is necessary when managing risk. It is one thing to say that you understand what risk management is all about, but it is another to put it into practice; (4) Let another trader earn the last nickel or dime on the call and put spreads that comprise the iron condor. Pay a small sum to exit, lock in profits, and eliminate all risk. The iron condor is most often traded as a single transaction, consisting of four legs. However, it is managed as if it were two positions. This is not a contradiction. This mindset is covered in detail

Iron Condors (The Best Option Strategies)

Mark Wolfinger's classic 2002 primer is now available at a new low price. The Short Book on Options is just that - a concise, easy-to-understand primer that teaches the basics of options and offers hands-on instruction on how to use options as a risk-reducing investment tool. Learn the language of options and the details of how to adopt the most popular options-trading strategy.

The Short Book on Options: A Conservative Strategy for the Buy and Hold Investor

CreateSpace Independent Publishing Platform

Learn to use options from veteran option trader Mark D Wolfinger, who spent more than 20 years as a market maker on the floor of the Chicago Board Options Exchange (CBOE). Learn why stock options, a versatile investment tool that has seen explosive growth over the past few years, should be used as part of your overall investment strategy. Whether you are new to options or already trade them, this book provides a thorough understanding of option pricing, strategies and the importance of risk management. Learn to adopt more advanced option strategies: iron condors and double diagonals; learn to protect your nest egg and, at the same time, earn healthy returns. Unlike many options guides, this book features step-by-step instructions on how to write covered calls, with extensive examples that outline the pros and cons of writing each call option. Wolfinger shows you how to analyze alternatives and explains why each may be appropriate for a particular investor with specific investment objectives. You will develop a basis for deciding what is suitable for you and your investment philosophy. A thorough understanding of option basics will help you move on to powerful strategies than may earn high returns with limited risk. Wolfinger's suggested strategies help ensure that your portfolio survives a market downturn. Stock options first traded on an exchange a mere 39 years ago. More than 4 billion options traded in 2011. Many people dabble in options without understanding how they work and how they can be used most effectively. The Rookie s Guide to Options: The Beginner s Handbook of Trading Equity Options will give you the basic trading tools you need to start trading options profitably, as well as help you move on to more advanced strategies. You will be guided step-by-step as the author takes you through the decision-making process. Learn the language of options: puts, calls, strike prices, expiration dates, synthetic equivalents etc. This book, is aimed at the beginning to intermediate options trader. You have been using options for years, even if unaware. Ever bought car insurance? That's very similar to a put option. Ever use a rain check at a discount store or used a bus transfer? Those are call options. If you thought options were too complicated, Wolfinger gives a clear and detailed explanation that puts that myth to rest. You will see how to adopt basic options strategies, how to use them to earn profits and how to manage risk effectively. Learn how you can use options to: 1. Sell your stock above market value. 2. Turn a non-performing stock into a profitable investment. 3. Protect your holdings against a disastrous bear market and even profit in a bear market. 4. Create steady income. 5. Manage risk. 6. Earn profits more often than those who buy only stock. 7. Limit losses. 8. Own investments that earn a profit when the market moves higher or lower. The Rookiess Guide to Options shows you how to get the most out of these versatile tools.

The Rookie's Guide to Options: The Beginner's Handbook of Trading Equity Options

W & A Pub

See the best price to sell, buy, or rent books by Wolfinger, Mark D.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.