Trading Options at Expiration

Strategies and Models for Winning the Endgame

DOWNLOAD NOW »

Author: Jeff Augen

Publisher: FT Press

ISBN: 9780137013517

Category: Business & Economics

Page: 176

View: 3368

Equity and index options expire on the third Friday of each month. As that moment approaches, unusual market forces create option price distortions, rarely understood by most investors. These distortions give rise to outstanding trading opportunities with enormous profit potential. In Trading Options at Expiration: Strategies and Models for Winning the Endgame, leading options trader Jeff Augen explores this extraordinary opportunity with never-before published statistical models, minute-by-minute pricing analysis, and optimized trading strategies that regularly deliver returns of 40%-300% per trade. You’ll learn how to structure positions that profit from end-of-contract price distortions with remarkably low risk. These strategies don’t rely on your ability to pick stocks or predict market direction and they only require one or two days of market exposure per month. Augen also discusses: · Three powerful end-of-cycle effects not comprehended by contemporary pricing models · Trading only one or two days each month and avoiding overnight exposure · Leveraging the surprising power of expiration-day pricing dynamics If you’re looking for an innovative new way to reignite your returns no matter where the markets move, you’ve found it in Trading Options at Expiration. “Learn and profit from Jeff Augen’s book: It clearly explains how to take advantage of market inefficiencies in collapsing implied volatility, effects of strike price, and time decay. A must-read for individuals who are options oriented.” --Ralph J. Acampora, CMT, Director of Technical Analysis Studies, New York Institute of Finance “A fantastic, insightful book full of meticulously compiled statistics about anomalies that surround option expiration. Not only does Augen present a set of effective trading strategies to capitalize on these anomalies, he walks through the performance of each across several expirations. His advice is practical and readily applicable: He outlines common pitfalls, gives guidance on timing your executions, and even includes code that can be used to perform the same calculations he does in the text. A thoroughly enjoyable read that will give you a true edge in your option trading.” --Alexis Goldstein, Vice President, Equity Derivatives Business Analyst “Mr. Augen makes a careful and systematic study of option prices at expiration. His translation of price behavior into trading strategy is intriguing work, and the level of detail is impressive.” --Dr. Robert Jennings, Professor of Finance, Indiana University Kelly School of Business “This book fills a gap in the vast amount of literature on derivatives trading and stands out for being extremely well written, clear, concise, and very low on jargon--perfect for traders looking to evolve their equity option strategies.” --Nazzaro Angelini, Principal, Spearpoint Capital “Instead of considering macro-time strategies that take weeks to unfold, Jeff Augen is thinking micro here--hours or days--specifically the days or hours right before expiration, and harnessing grinding, remorseless options decay for profit. He builds a compelling case for the strategy here. The concept of using ratio spreads plus risk management for as brief a period as one day--open to close--to capture expiring premium is worth the price of admission alone. A superb follow-up to his first book. Must-read for the serious options student.” --John A. Sarkett, Option Wizard software

Jeff Augen's Options Trading Strategies (Collection)

DOWNLOAD NOW »

Author: Jeff Augen

Publisher: FT Press

ISBN: 0133047318

Category: Business & Economics

Page: 780

View: 3242

Breakthrough option strategies from Jeff Augen: Three books packed with new tools and strategies for earning higher, more consistent profits and systematically controlling risk! In three remarkable books, Jeff Augen teaches you dozens of up-to-the-minute option trading strategies and techniques for earning powerful, consistent profits! The Option Trader’s Workbook, Second Edition offers start-to-finish hands-on practice with every leading strategy, including the newest trading techniques. Through hundreds of realistic problems (each with fully explained solutions), you’ll walk through trades designed to profit from changing prices, volatility, and time decay…plus new ways to use CBOE Weekly Options Expiration options, collars, covered calls, covered puts, ratio and variance trading, VIX options, volatility ETFs, and more…all without risking a dime! In Trading Options at Expiration: Strategies and Models for Winning the Endgame, Augen reveals new ways to structure positions that profit from predictable end-of-contract price distortions with remarkably low risk. Packed with brand-new statistical models, minute-by-minute pricing analyses, and optimized strategies, this book teaches you how to create trades that regularly deliver returns of 40%—300% with just two days of market exposure per month, or even less. Finally, in The Volatility Edge in Options Trading: New Technical Strategies for Investing in Unstable Markets, Augen introduces breakthrough strategies for identifying and profiting from subtle price distortions that arise from changes in market volatility. Drawing on more than a decade of never-before-published research, Augen shows option traders how to study historical price changes, mitigate risk, limit market exposure, and structure mathematically sound high-return positions. You’ll even discover how to build your own customized, low-cost analytical toolset to transform these state-of-the-art strategies into practical buy/sell signals!

Trading Options Greeks

How Time, Volatility, and Other Pricing Factors Drive Profits

DOWNLOAD NOW »

Author: Dan Passarelli

Publisher: John Wiley & Sons

ISBN: 1118238613

Category: Business & Economics

Page: 368

View: 5858

A top options trader details a practical approach for pricingand trading options in any market condition The options market is always changing, and in order to keep upwith it you need the greeks—delta, gamma, theta, vega, andrho—which are the best techniques for valuing options andexecuting trades regardless of market conditions. In the SecondEdition of Trading Options Greeks, veteran optionstrader Dan Pasarelli puts these tools in perspective by offeringfresh insights on option trading and valuation. An essential guide for both professional and aspiring traders,this book explains the greeks in a straightforward and accessiblestyle. It skillfully shows how they can be used to facilitatetrading strategies that seek to profit from volatility, time decay,or changes in interest rates. Along the way, it makes use of newcharts and examples, and discusses how the proper application ofthe greeks can lead to more accurate pricing and trading as well asalert you to a range of other opportunities. Completely updated with new material Information on spreads, put-call parity and synthetic options,trading volatility, and advanced option trading is alsoincluded Explores how to exploit the dynamics of option pricing toimprove your trading Having a comprehensive understanding of the greeks is essentialto long-term options trading success. Trading Options Greeks,Second Edition shows you how to use the greeks to find bettertrades, effectively manage them, and ultimately, become moreprofitable.

DeMark On Day Trading Options

DOWNLOAD NOW »

Author: Day DeMark,Thomas DeMark

Publisher: McGraw Hill Professional

ISBN: 9780071371377

Category: Business & Economics

Page: 358

View: 3088

The option day trading blueprint you've been waiting for! Options day trading is no walk in the park. But it is your most potentially profitable way to take advantage of the day-trading phenomenon. Put the odds in your favor with Demark on Day DeMark and Thomas DeMark, Jr. Forget complicated formulas! Instead, this nuts-and-bolts guide gives you a set of option trading techniques, indicators, and rules to limit risk without sacrificing profit. You're shown how to: *Select, design, and build your own highly-personalized trading model *Use filters and screens to select optimal option trading candidates *Identify low-risk entry points in up, down, or even sideway markets You get savvy tips for buying puts or calls based on market, industry, or underlying security ù even get a phone number to get a free, updated TD Indicators demonstration disk. For three decades, traders using breakthroughs like the DeMark Indicators have made fortunes. Now it's your turn!

Option Spread Trading

A Comprehensive Guide to Strategies and Tactics

DOWNLOAD NOW »

Author: Russell Rhoads

Publisher: John Wiley & Sons

ISBN: 9780470944325

Category: Business & Economics

Page: 288

View: 9340

A practical guide to unlocking the power of option spreads When dealing with option spreads your looking to purchase one option in conjunction with the sale of another option. If managed properly, these spreads can provide experienced investors with the potential for large returns without undertaking a great deal of risk. Option Spread Trading provides a comprehensive, yet easy-to-understand explanation of option spreads, and shows you how to select the best spread strategy for any given market outlook. Along the way, author Russell Rhoads discusses spread strategies that can be used to profit from a strong up or down directional move in a stock, a stagnant market, or a highly volatile market. He also details how you can harness the leverage of options to create a low-risk position that provides the potential for a big profit. All manner of spreads are covered, from calendar and horizontal spreads to vertical and diagonal spreads Highlights how you can monitor and adjust an existing spread position and provides tips on how to exit a spread trade Includes exercises and examples to test and reinforce your knowledge of the concepts presented Option spread trading has become increasingly popular with active traders and investors. Gain a better understanding of this powerful approach with Option Spread Trading as your guide.

Market Wizards: Interviews with Top Traders

DOWNLOAD NOW »

Author: Jack D. Schwager

Publisher: John Wiley & Sons

ISBN: 1118616022

Category: Business & Economics

Page: 480

View: 9872

THE INVESTMENT CLASSIC "I've read Market Wizards at several stages of my career as it shows the staying power of good down-to-earth wisdoms of true practitioners with skin in the game. This is the central document showing the heuristics that real-life traders use to manage their affairs, how people who do rather than talk have done things. Twenty years from now, it will still be fresh. There is no other like it." —NASSIM N. TALEB, former derivatives trader, author of The Black Swan, and professor, NYU-Poly "Market Wizards is one of the most fascinating books ever written about Wall Street. A few of the 'Wizards' are my friends—and Jack Schwager has nailed their modus operandi on the head." —MARTIN W. ZWEIG, PhD, Editor, The Zweig Forecast "It is difficult enough to develop a method that works. It then takes experience to believe what your method is telling you. But the toughest task of all is turning analysis into money. If you don't believe it, try it. These guys have it all: a method, the conviction, and the discipline to act decisively time after time, regardless of distractions and pressures. They are heroes of Wall Street, and Jack Schwager's book brings their characters vividly to life." —ROBERT R. PRECHTER, JR., Editor, The Elliott Wave Theorist

Day Trading Options

Profiting from Price Distortions in Very Brief Time Frames

DOWNLOAD NOW »

Author: Jeff Augen

Publisher: FT Press

ISBN: 9780137054138

Category: Business & Economics

Page: 192

View: 2486

Minimize Your Exposure to Market Risk and Increase Profits by Trading in Very Brief Time Frames In today’s turbulent markets, traditional trading strategies have failed to provide protection from the rapid and violent changes that have swung the Dow down 330 points one day, up 280 points the next, and down 250 points at the open on the next. Fundamental analysis based on company performance and financial predictions has proven meaningless. Technical traders must now compete with institutional trading programs utilizing supercomputers that analyze and execute trades in millisecond time frames. So, how can a private investor compete in this environment? In Day Trading Options, expert option trader Jeff Augen shows you how to continue to profit even in these chaotic times. You’ll learn to structure short-term trades that exploit well characterized price distortions and anomalies. You’ll discover a breakthrough technique for utilizing volatility to identify the beginning and end of short-lived trends. And, you’ll gain the knowledge to use this innovative technique to take advantage of financial news and planned events, rather than being at their mercy. Abandon outdated trading strategies and conventional “wisdom” Minimize your exposure to market risk and increase your profits by trading in very brief time frames and structuring positions that are direction neutral Understand why your once-reliable technical analysis and charting techniques are failing Explore new statistical evidence to discern how new advances in institutional program trading affect the private investor Discover new models for analyzing volatility in different time frames Learn to evaluate option prices by comparing overnight, intraday, and traditional measures of volatility Learn to identify and exploit short-lived volatility changes Use a newly defined charting technique to correctly time trades by identifying the beginning and end of short-term trends

The 100% Return Options Trading Strategy

DOWNLOAD NOW »

Author: Jon Schiller

Publisher: CreateSpace

ISBN: 9780930233679

Category: Business & Economics

Page: 224

View: 5749

Options are currently experiencing an unprecedented boom as investors and speculators begin to realize that-traded properly-these fascinating markets can offer unlimited upside potential with limited downside risk.

An Investor's Guide to Trading Options

DOWNLOAD NOW »

Author: Virginia B. Morris,Bess Newman

Publisher: Lightbulb Press, Inc.

ISBN: 0974038628

Category: Business & Economics

Page: 64

View: 6651

An Investor's Guide to Trading Options covers everything from calls and puts to collars and rolling up, over, or out. It takes the mystery out of options contracts, explains the language of options trading, and lays out some popular options strategies that may suit various portfolios and market forecasts. If you're curious about options, this guide provides the answers to your questions.

Currency Derivatives

Pricing Theory, Exotic Options, and Hedging Applications

DOWNLOAD NOW »

Author: David F. DeRosa

Publisher: John Wiley & Sons

ISBN: 9780471252672

Category: Business & Economics

Page: 387

View: 6135

Currency Derivatives is a compendium of the 20 best articles on currency derivatives, pricing theory, and hedging applications, and is simply a must-read for anyone dealing in the foreign exchange marketplace. Edited by David DeRosa, a leading foreign exchange trader and analyst, the book includes the best research from the top minds in the business