(From The Jacket) – The market in listed options and non-equity option products provides investors and traders with a wealth of new, strategic opportunities for managing their investments. This updated and revised fifth edition of the bestselling “Options As A Strategic Investment” gives you the latest market-tested tools for improving the earnings potential of your portfolio while reducing downside risk – no matter how the market is performing.
Inside this revised edition are scores of proven techniques and business-tested tactics for investing in many of the innovative new options products available. You will find:
- A complete and in-depth discussion of the newest class of listed volatility derivatives, both futures and options
- Portfolio protection techniques explained in depth, using broad-based index put options or the more modern approach – volatility call options
- New and updated examples and tables, using the current option symbology, lower commission rates, decimalization of prices, portfolio margin, and weekly options
- Updated strategy techniques using synthetic straddles, iron condor spreads, backspreads, put ratio spreads, and dual calendar spreads
Written especially for investors who have some familiarity with the options market, this comprehensive reference also shows you the concepts and applications of various option strategies – how they work, in which situations, and why; techniques for using index options and futures to protect one’s portfolio and improve one’s return; and the implications of the tax laws for option writers, including allowable long-term gains and losses. Detailed examples, exhibits, and checklists show you the power of each strategy under carefully described market conditions.