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Big Money, Less Risk
Trade Options
"A lot of people shy away from trading options because they think it is too risky or complex. That's true if you don't understand them, but armed with the right knowledge and tools, options are a great way to amplify your profits without letting risk get out of hand. My colleague Mark Larson has put together the know-how about options trading so that beginning and advanced traders alike can benefit from his many years of experience as both a trader and an educator." "Big Money is written in Mark's easy-to-follow format that speaks to investors of every level. Whether you want some of the more sophisticated uses of leverage or just want to simplify your style, Big Money will deliver the guidelines for establishing a low risk routine. I like the book, find the tone easy to follow along with, and believe the strategies will be an asset to every investor's arsenal." "I like Larson's latest work Big Money because it's simple, practical and makes a complex subject easy to digest. All successful traders start with logical, intelligent investor education. Mark seems to have a knack for connecting with self-directed investors who are ready to branch out into more advanced products and strategies. Big Money covers all the bases. It's a fun read for option junkies and reinforces a ton of strategy-based criteria."
—Tim Knight, founder of Prophet.net, SlopofHope.com, and author of Chart Your Way to Profits
—Mike Coval, author of A Trader on Wall Street and editor of Incometrader.com
—Tom Sosnoff, active trader and founder of thinkorswim.com
Mark Larson (Author)
9781592803415, Wiley
Hardback, published 31 October 2008
272 pages
23.6 x 16.3 x 2.7 cm, 0.553 kg
Big Money, Less Risk: Trade Options will put the income boosting power of strategies like writing covered calls, selling naked put options, and placing vertical spread trades or iron condors in your hands. Mark Larson has become one of the most sought after trading educators because of his ability to make once elusive investment approaches accessible to every trader. Success in the stock market is determined by consistently making money every month, not closing your eyes and hoping you can afford to retire. With this book, Larson divulges the secrets to making your money work for you instead of having to work for your money. Ever dream about making 30% in one month? Big Money, Less Risk: Trade Options will put the income boosting power of strategies like writing covered calls, selling naked put options, and placing vertical spread trades or iron condors in your hands. Mark Larson has become one of the most sought after trading educators because of his ability to make once elusive investment approaches accessible to every trader. Success in the stock market is determined by consistently making money every month, not closing your eyes and hoping you can afford to retire. With this book, Larson divulges the secrets to making your money work for you instead of having to work for your money. Inside you'll learn: Larson will alo cover the importance of option pricing, implied volatility, the Greeks such as delta, theta, and gamma, and the probability of your option expiring profitable. Most important, you will get, in plain English, some of his favorite technical indicators and the key to how they will form the basis of your options trading success.
Foreword vii
Preface ix
Acknowledgement xiii
Introduction xv
Chapter One: Pointing the Way with Technical Indicators 1
Chapter Two: An Introduction to Options 47
Chapter Three: It’s All Greek To You: Understanding
Delta, Gamma, and Theta 87
Chapter Four: Making The Call: Buying Call Options 101
Chapter Five: You Have It Covered: Covered Calls 129
Chapter Six: Put It Down: Buying Put Options 141
Chapter Seven: Passing It On: Selling Puts 151
Big Money, Less Risk: Trade Options
Chapter Eight: Spreading the Wealth: Vertical Bull Put Spreads 165
Chapter Nine: What’s the Spread: Vertical Bear Call Spreads 183
Chapter Ten: Taking Flight with Iron Condors 199
Conclusion 217
Appendix A: Advanced Order Feature on thinkorswim.com 219
Appendix B: Protect Your Assets 221
Glossary 223
Recommended Reading 229
Subject Areas: Finance & accounting [KF]
