Product Description
Due to the uncontrollable elements associated with options, many traders find themselves without practical strategies for specific situations. The Option Trader's Guide to Probability, Volatility, and Timing offers traders a variety of strategies to trade options intelligently and confidently in any given situation. With detail and objectivity, this book sets forth risk assessment guidelines, explains risk curve analysis, discusses exit methods, and uncovers some of the biggest mistakes options traders make. The Option Trader's Guide provides readers with strategies for trading options as well as expert advice on when to implement those strategies.
From the Inside Flap
In The Option Trader’s Guide to Probability, Volatility, and Timing, expert Jay Kaeppel explains these issues and provides you with a working knowledge of various option strategies that are appropriate for any given situation. Whether you’re a new trader or "returnee" to the options market, this book will teach you how to successfully trade options. Kaeppel sets the stage by covering basics such as option definitions and option pricing. He then quickly moves to the heart and soul of this unique investment vehicle by analyzing both the risk and profit potential of various trading strategies. Kaeppel further sets his approach apart by providing his unique perspective on risk curves a revolutionary new trading tool to maximize the tradeoff between reward and risk on each and every trade.
This comprehensive guide explains the different strategies available as well as when to use each of them. Strategies include guidelines for determining when to buy undervalued options and when to sell overvalued ones. You’ll also learn how to accurately assess volatility and profit from disparities in implied volatilities of different options. To help you safeguard your money, you’ll discover valuable strategies that will teach you when to take a profit and when to cut your losses.
Options are different in many ways from other forms of investment. To profit from them, you must have a firm understanding of what they are, how they work, and how they must be traded. The Option Trader’s Guide to Probability, Volatility, and Timing addresses these topics, and many more, to give you a well–rounded overview of this investment vehicle. Filled with practical advice from an expert in the field and real–world strategies that have stood the test of the options market, this book is an invaluable resource for anyone looking to trade options intelligently and confidently.
If you’re serious about trading options, read The Option Trader’s Guide to Probability, Volatility, and Timing and learn how to achieve consistent profits in one of the most lucrative markets in the world.
