The Options Doctor: Options Strategies for Every Kind of Market: Option Strategies for Every Kind of Market (Wiley Trading) [Hardcover]

The Options Doctor is an essential resource for good traders who want to be great. Years of experience and painful lessons are translated into winning strategies for all market conditions with tips to gain an edge in the market. Whether your portfolio is up or down...thi9s is what the doctor ordered!
–– William J. P. Dale, Vice President and Portfolio Manager, RBC Dominion Securities, Royal Bank of Canada

"Jeanette Schwarz Young says that the options business ′is a treasure hunt with a real treasure at the end,′ and so is her book. She makes complicated topics–candlesticks, butterflies, Condors, straddles and strangles, and more–Understandable, even as she discusses how she entered the business, mastered and created tools of the trade, and helps others manage both winning an losing positions. She clearly is a treasure, too."
–– Dr. Robert A. Scott, President, Adelphi University

"Anyone wanting to learn how to apply technical analysis to options trading should find The Options Doctor very useful. Young is at her best when she explains her favorite trading tools. I especially liked reading about her experiences on the trading floor which have given her a unique view of market trading."
–– John Murphy, author, Technical Analysis of the Financial Markets and Intermarket Analysis

When Jeanette Schwarz Young began her trading career in 1981, options were generally regarded as a specialized trading tool best left to professionals. She was impressed, however, by the value and versatility of options for investors of every size and experience level. Young has spent the past quarter–century both employing options as a trader and working to educate other traders on the value of options for hedging risk, increasing income, or speculating for fast profits.

The Options Doctor is Young′s hands–on, practical guidebook for using options combined with technical analysis tools to both create and protect portfolio profits in every market environment. Covering topics from basic to advanced, and filled with entertaining, first–person stories from Young′s career spent on the front lines of trading, it will improve your skill and comfort with options trading–whether you are a first–year trader still learning the ropes or a seasoned veteran looking for proven tips and tricks to jump–start your trading performance.

The Options Doctor is organized into three main sections:

• Market Outlook–The building blocks of technical analysis, including descriptions and guidelines for using nearly a dozen popular charts; techniques for identifying trends, calculating support and resistance lines, and recognizing existing and developing patterns; understanding the basics of bonds, currencies, and commodities; and more
• Options Strategies–Everything you need to skillfully and profitably use options on a daily basis, including what options are and how they work; their value in limiting risk and increasing return; Step–by–step strategies for implementing options in markets that are trending, cycling within a specific trading range, or reversing direction; and more
• Managing a Position–Where it all comes together, and you learn how to combine options and technical analysis to hedge the risks in positions of every type, including uncovering the best issues for building a position; adjusting a position that is moving against you; managing a winning position to both preserve and build your profits; and more
• Options are valuable for all investors, from conservative investors in search of low–risk insurance and income to aggressive traders looking to pull fast profits from the marketplace. The Options Doctor Shows you how to skillfully use options for every strategy in every market, and is certain to become one of the most useful and valuable books in your trading library.

The Options Doctor is an essential resource for good traders who want to be great. Years of experience and painful lessons are translated into winning strategies for all market conditions with tips to gain an edge in the market. Whether your portfolio is up or down...thi9s is what the doctor ordered!
— William J. P. Dale, Vice President and Portfolio Manager, RBC Dominion Securities, Royal Bank of Canada

"Jeanette Schwarz Young says that the options business ′is a treasure hunt with a real treasure at the end,′ and so is her book. She makes complicated topics–candlesticks, butterflies, Condors, straddles and strangles, and more–Understandable, even as she discusses how she entered the business, mastered and created tools of the trade, and helps others manage both winning an losing positions. She clearly is a treasure, too."
— Dr. Robert A. Scott, President, Adelphi University

"Anyone wanting to learn how to apply technical analysis to options trading should find The Options Doctor very useful. Young is at her best when she explains her favorite trading tools. I especially liked reading about her experiences on the trading floor which have given her a unique view of market trading."
— John Murphy, author, Technical Analysis of the Financial Markets and Intermarket Analysis

Jeanette Schwarz Young is the author of the Option Queen Letter and a floor trader/hedger at the New York Board of Trade. She is a member of options settlement, member benefits, floor trading privileges, index products, new products, and the floor committee. She can be seen live every day on NYBOT–TV with the News on the Softs and U.S. Dollar Index Report. Young has been appointed to Adelphi University′s President′s Advisory Counsel. She has received a top–ten winner award in the National Investment Challenge Pro Option′s division for two years and has eve placed top three in the world. She has appeared on FOX News, CNNfn, Bloomberg, and CNBC and is a member of the American Association of Professional technical Analysts, Market Technicians Association, and the Financial Planning Association.