The Options Playbook (Spiral-bound)

by Brian Overby and TradeKing

The Options Playbook was created to demystify option trading and teach investors different option plays for all market conditions. No confusing jargon. No unnecessary mumbo-jumbo. Just clear, easy-to-understand explanations of more than 30 of the most popular option strategies (or plays ) broken down into a play-by-play format including:

Play Name: Long Call, Short Call Spread, Iron Condor, etc.
The Setup: The goals and reasons to run each play
Who Should Run It: Rookies, Veterans or All-Stars, based on degree of difficulty
When To Run It: Describes each play as bullish, bearish or neutral
The Strategy: A detailed Overview of each strategy

The Options Playbook also features a "Rookie's Corner," which addresses common mistakes made by beginning options traders and suggests strategies to on how to "get your feet wet". There are also sections on implied volatility (explaining how it can be predictive of the future price movement of the underlying equity), basic option terms described in easy-to-understand language, a description of how time decay and a change in implied volatility will affect the trade after it s in place, and a basic description of the Greeks and how they measure certain variables that affect options pricing. You ll also find a variety of options trading tips for beginning and experienced traders throughout the guide.

Options involve risk and are not suitable for all investors. It is possible to lose more money than invested. (Although we like to think you'll be smart.) Before making any investment decisions, please read Characteristics and Risks of Standardized Options, available at: http://content.tradeking.com/wiki/display/tkservice/Characteristics+and+Risks
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About the Author
Brian Overby is TradeKings Director of Education. He has been in the financial industry since 1992, with a background in market making, retail brokerage, and investment banking. During his career, Mr. Overby has given more than 1,000 seminars worldwide on option trading and composed numerous articles for investor trade publications.

TradeKing is the #1 Online Discount Broker, as ranked by SmartMoney Magazine in 2006 and 2007, based on commission/fees, customer service, mutual funds, trading tools, research, and banking amenities.(1) (1)Rated "Best Discount Broker" by SmartMoney Magazine August 1, 2006 and August 1, 2007