No-Hype Options Trading: Myths, Realities, and Strategies That Really Work (Wiley Trading)

You looking to find the "No-Hype Options Trading: Myths, Realities, and Strategies That Really Work (Wiley Trading)" Good news! You can purchase No-Hype Options Trading: Myths, Realities, and Strategies That Really Work (Wiley Trading) with secure price and compare to view update price on this product. And deals on this product is available only for limited time.

   

Product Description

A straightforward guide to successfully trading options

Options provide traders and investors with a wide range of strategies to lock in profits, reduce risk, generate income, or speculate on market direction. However, they are complex instruments and can be difficult to master if misunderstood.

No-Hype Options Trading offers the straight truth on how to trade the options market. In it, author Kerry Given provides realistic strategies to consistently generate income every month, while debunking many myths about options trading that tend to lead retail traders astray. Along the way, he makes a conscious effort to avoid complex strategies that are appropriate only for market makers or professional traders, and instead focuses on low-risk strategies that can be easily implemented and managed by a part-time trader.

• Shows how you can use option spreads in conjunction with stocks to produce a regular stream of income
• Each chapter includes exercises to help you master the material presented
• Examines how you can adjust option positions as market conditions change in order to maintain an optimal risk/reward profile

Written for anyone interested in successfully trading options, this reliable resource cuts through the hype and misinformation that surrounds options trading and presents a realistic path to profits.

No-Hype Options Trading: Myths, Realities, and Strategies That Really Work (Wiley Trading) Review

I've been a long-term trader of options and, by and large, I don't buy books like this to learn anything new but I like to read new books to get a sense of where the general options community is heading and also for possible recommendations to those potential traders to whom I give presentations. Unfortunately this title won't be on the recommended reading.

In the 90's volatility was the new secret to options trading until it was recognised that a lot (but not all) vol strategies were difficult to execute at the retail level. Recently `complex' spreads have been the new `best thing' and that, essentially, is what this book is largely about. There is little despatching of the `myths' apart from trading spreads based on IV and the question of strategies such as the broken wing butterfly. Indeed , the author insinuates that short naked put strategies are not high risk because a stop-loss can be initiated. Try telling that to someone who is long delta and has just faced a gap down on the open.

This short book (despite the published 198 pages the book is far smaller after the ToC, the glossary, the answers to the chapter questions, and the over sized graphs and tables are accounted for) is essentially a promotion for condors. In the early chapters here's a re-hash of probabilities, then a few pages with a cursory explanation of the Greeks, and then it's on to the criticisms of single leg strategies on a theoretical risk assessed basis before singing the praises of condors. I have no problems with condors: I occasionally use them. Although the throwaway line by proponents to `set them up when you expect a flat market' is the devil in the detail and takes us back to the bad old days of the `sell when IV is high' mantra.

There is an irony in the title for a book about `No Hype' that certain strategies are hyped.

I had another problem with the book. The payoff diagrams use (and acknowledge) the
Optionetics `sideways' format. Again, I have no issues with the concept of that format although it'll confuse new traders not accustomed to it and it suffers from being presented on the printed page, as opposed as being on a colour screen. I wondered: why use that? Then I saw on the cover leaf that the author is also a lecturer at "trading conferences".

In summary: the book has nothing new to offer in the trading experience; it fails to debunk many myths; the book is light-on with depth analysis, especially of the greeks; it hypes condors; and, is not presented in a particularly user friendly style.

My assessment: much better value elsewhere. Especially at the price.

Most of the consumer Reviews tell that the "No-Hype Options Trading: Myths, Realities, and Strategies That Really Work (Wiley Trading)" are high quality item. You can read each testimony from consumers to find out cons and pros from No-Hype Options Trading: Myths, Realities, and Strategies That Really Work (Wiley Trading) ...