{"product_id":"options-for-volatile-markets-managing-volatility-and-protecting-against-catastrophic-risk-hardback-9781118022269","title":"Options for Volatile Markets; Managing Volatility and Protecting Against Catastrophic Risk (Hardback) 9781118022269","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eOptions for Volatile Markets\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eManaging Volatility and Protecting Against Catastrophic Risk\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eRichard Lehman (Author), Lawrence G. McMillan (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781118022269, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 20 September 2011\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e224 pages\u003cbr\u003e23.6 x 16 x 2.1 cm, 0.435 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cb\u003ePractical option strategies for the new post-crisis financial market\u003c\/b\u003e  \u003cp\u003eTraditional buy-and-hold investing has been seriously challenged in the wake of the recent financial crisis. With economic and market uncertainty at a very high level, options are still the most effective tool available for managing volatility and downside risk, yet they remain widely underutilized by individuals and investment managers. In \u003ci\u003eOptions for Volatile Markets,\u003c\/i\u003e Richard Lehman and Lawrence McMillan provide you with specific strategies to lower portfolio volatility, bulletproof your portfolio against any catastrophe, and tailor your investments to the precise level of risk you are comfortable with.\u003c\/p\u003e \u003cp\u003eWhile the core strategy of this new edition remains covered call writing, the authors expand into more comprehensive option strategies that offer deeper downside protection or even allow investors to capitalize on market or individual stock volatility. In addition, they discuss new offerings like weekly expirations and options on ETFs. For investors who are looking to capitalize on global investment opportunities but are fearful of lurking \"black swans\", this book shows how ETFs and options can be utilized to construct portfolios that are continuously protected against unforeseen calamities.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eA complete guide to the increased control and lowered risk covered call writing offers active investors and traders\u003c\/li\u003e \u003cli\u003eAddresses the changing investment environment and how to use options to succeed within it\u003c\/li\u003e \u003cli\u003eExplains how to use options with exchange-traded funds\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eUnderstanding options is now more important than ever, and with \u003ci\u003eOptions for Volatile Markets\u003c\/i\u003e as your guide, you'll quickly learn how to use them to protect your portfolio as well as improve its overall performance.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eIntroduction The “New Normal” in Equity Investing 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Option Basics 7\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Are Options? 7\u003c\/p\u003e \u003cp\u003eExercise and Assignment 14\u003c\/p\u003e \u003cp\u003ePositions 17\u003c\/p\u003e \u003cp\u003eHow Options Are Traded 19\u003c\/p\u003e \u003cp\u003eOptions in Your Account 22\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Option Pricing and Valuation 25\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOption Premium 25\u003c\/p\u003e \u003cp\u003eTheoretical Value 27\u003c\/p\u003e \u003cp\u003eTime Value 28\u003c\/p\u003e \u003cp\u003eVolatility 31\u003c\/p\u003e \u003cp\u003eInterest Rates 32\u003c\/p\u003e \u003cp\u003eDividends 32\u003c\/p\u003e \u003cp\u003eCalls versus Puts 33\u003c\/p\u003e \u003cp\u003eOption Skews and Anomalies 34\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 The Basics of Covered Call Writing 37\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRequirements for “Valid” Covered Writes 38\u003c\/p\u003e \u003cp\u003eRisk\/Reward of a Covered Write 39\u003c\/p\u003e \u003cp\u003eCalculating Potential Returns 46\u003c\/p\u003e \u003cp\u003eMajor Factors Affecting Call-Writing Returns 48\u003c\/p\u003e \u003cp\u003eCovered Writing as an Ongoing Strategy 54\u003c\/p\u003e \u003cp\u003eSumming Up Covered Writing 57\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Implementing Covered Call Writing 59\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFollow-Up Actions 59\u003c\/p\u003e \u003cp\u003eBehavioral Issues 69\u003c\/p\u003e \u003cp\u003eDiffering Approaches 70\u003c\/p\u003e \u003cp\u003eSelecting Calls to Write 77\u003c\/p\u003e \u003cp\u003eRisks 80\u003c\/p\u003e \u003cp\u003eBasic Tax Rules for Options 81\u003c\/p\u003e \u003cp\u003eSumming Up Implementation 84\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Advanced Call-Writing Techniques 87\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWriting Calls on “Hot” Stocks 88\u003c\/p\u003e \u003cp\u003eTax Deferral Strategies 89\u003c\/p\u003e \u003cp\u003eCovered Writing on Margin 90\u003c\/p\u003e \u003cp\u003eCovered Writing against Securities Other Than Stock 93\u003c\/p\u003e \u003cp\u003ePartial Writing, Mixed Writing, and Ratio Writing 98\u003c\/p\u003e \u003cp\u003ePut Writing 103\u003c\/p\u003e \u003cp\u003eExpiration Games 106\u003c\/p\u003e \u003cp\u003eOption-Stock Arbitrage 108\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Basic Put Hedging 111\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePut Hedge Basics 111\u003c\/p\u003e \u003cp\u003eAdvantages 115\u003c\/p\u003e \u003cp\u003eDisadvantages 116\u003c\/p\u003e \u003cp\u003eBehavioral Implications 123\u003c\/p\u003e \u003cp\u003ePut Hedge versus Covered Call 127\u003c\/p\u003e \u003cp\u003eHedging against Catastrophic Risk 129\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Advanced Hedging Strategies 131\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePut Hedge Follow-Ups 131\u003c\/p\u003e \u003cp\u003eUsing Put Spreads to Hedge 137\u003c\/p\u003e \u003cp\u003eCollars 145\u003c\/p\u003e \u003cp\u003eConclusions on Protective Option Strategies 151\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Options on ETFs 153\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eETFs in a Nutshell 154\u003c\/p\u003e \u003cp\u003eETF Options 158\u003c\/p\u003e \u003cp\u003eCovered Call Writing on ETFs 159\u003c\/p\u003e \u003cp\u003eOur Put Hedge and Collar Study on SPY 162\u003c\/p\u003e \u003cp\u003eAppendix: Partial List of ETFs with Listed Options 165\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Volatility and Volatility Derivatives 171\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is Volatility? 171\u003c\/p\u003e \u003cp\u003eUsing VIX as a Market Indicator 173\u003c\/p\u003e \u003cp\u003eVolatility Futures 179\u003c\/p\u003e \u003cp\u003eVariance Futures 181\u003c\/p\u003e \u003cp\u003eThe Behavior of VIX Futures 183\u003c\/p\u003e \u003cp\u003eVIX Options 191\u003c\/p\u003e \u003cp\u003eVIX Option Strategies 199\u003c\/p\u003e \u003cp\u003eThe Future 204\u003c\/p\u003e \u003cp\u003eAcknowledgments 205\u003c\/p\u003e \u003cp\u003eAbout the Authors 206\u003c\/p\u003e \u003cp\u003eIndex 207\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Bloomberg Press","offers":[{"title":"Brand New","offer_id":52501142896920,"sku":"9781118022269","price":32.89,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781118022269_10322.jpg?v=1786212271","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/options-for-volatile-markets-managing-volatility-and-protecting-against-catastrophic-risk-hardback-9781118022269","provider":"Freshly Printed Books","version":"1.0","type":"link"}