The little book of trading options like the pros Learn how to become the house

David Berns

Book - 2024

"Options are easily accessible to everyone now and have become an increasingly popular investment tool. The problem is that options are not easy, and you can easily lose lots of money investing in options, way easier than you could with stock investments. This book is here to help new options investors to skip the painful part of the learning curve and get them on the right track quickly. Professional options traders act like an insurance company or the house at a casino. They sell options to the public in a very risk-managed way where they consistently make small amounts of money. This book will turn you into an "option market maker" in just 208 pages. You will leave this book with everything you need to know to make profits... like professional options dealers. Options are a zero-sum game. When someone loses, someone else wins. We expose what the option pros do . . . exactly how the pros make money from newbie option traders who are net losing. We slide the curtain aside and let the next generation of traders be the house rather than the gamblers sitting at the casino tables. The allure of options to the masses is through the roof, but the reality of newbies making money in options is a nearly impossible endeavor. Skip all the pain and quickly learn how to trade options profitably like the pros"--

Saved in:
1 copy ordered
Subjects
Published
Hoboken, New Jersey : Wiley [2024]
Language
English
Main Author
David Berns (author)
Other Authors
Michael Green (author)
Edition
First edition
Physical Description
xv, 126 pages : illustrations ; 19 cm
Bibliography
Includes bibliographical references.
ISBN
9781394238958
  • Preface
  • Acknowledgments
  • Chapter 1. Trading Options: Allure vs. Reality
  • The Retail Option Explosion
  • The Natural Biases of New Traders
  • The Amateur Trap
  • An Intuitive Conclusion
  • Chapter 2. The Barebones Option Primer
  • Option Basics
  • Options in Time
  • Breaking Down the Option Premium
  • Combining Options
  • Real-World Examples
  • Chapter 3. Become the House
  • The Broader Option Ecosystem
  • Our Core Trade
  • Strike Selection
  • Expiry Selection
  • Equity ETF Puts for the Win
  • Chapter 4. Risk Management
  • Moving Beyond "Sell and Hold"
  • Stop Losses
  • Profit Taking
  • Rolling Positions
  • Chapter 5. Building a Portfolio
  • Motivation
  • Expanding Our Universe
  • A "Commonsense" Portfolio
  • Optimized Portfolios
  • Setting Risk Exposures
  • Chapter 6. From Theory to Practice
  • Option Screener
  • Trading
  • The First Six Months
  • Beware Assignment
  • Behavioral Biases of Sellers
  • Parting Words
  • Bibliography