Options Plain & Simple: Successful Strategies Without Rocket Science

About this book

Options Plain & Simple is a straightforward and practical guide to the fundamentals of options. It is plain because it includes only what is essential to basic understanding. It is simple because it presents options in conventional terms with a minimum of jargon. It is thorough; it is not simplistic. This book will benefit all newcomers to options introducing them to the instruments and markets and giving them the competence and confidence to trade successfully. It opens up new opportunities for private investors who previously felt intimidated by the mystique and jargon surrounding options and saves brokers much of the time they spend explaining options fundamentals to their clients. This is not rocket science. Options are explained in terms of real-life every-day circumstances and accessible language. Clarity and practical application are paramount; unnecessary theory and jargon conspicuous by their absence. Veteran US trader Lenny Jordan takes the secrets of options to the every-day investor. Options Plain & Simple will enable all investors to use options wisely by fully understanding the instruments their risks and successful applications. Options Plain & Simple introduces readers to the three key options markets stocks bonds and commodities the various types of options contracts - from straight options to strangles and butterflies - and covers the fundamentals of options pricing and trading. It outlines effective options strategies for beginners and intermediate investors and offers unique insights into the behaviour of options under a wide variety of market conditions. Illustrative stories trading scenarios and worked examples will lead investors through the concepts with one eye always on the realities of the market. "A key step in learning to use options is to spend plenty of time dwelling on a couple of dozen "building block" concepts that are both mathematical and strategic. This book offers the neophyte the opportunity to take his mind out for some exercise over almost all of tech option topics that should matter to him and to check his progress through relevant questions and answers." Martin P. OConnell OConnell & Piper Associates Chicago. The Author Lenny Jordan currently trades options at the London International Financial Futures and Options Exchange. Formerly he traded at the Chicago Board of Trade. He gives options training seminars and is a risk consultant.