The Options Playbook, Expanded 2nd Edition: Featuring 40 strategies for bulls, bears, rookies, all-stars and everyone in between. (Spiral-bound)

~ Brian Overby (Author)

Editorial Reviews

Review

"An easy-to-follow guide on options that's worth checking out if you want to be 100% clear you know what you're risking and stand to gain by playing options."
--- Matt Krantz, USA Today, Better Know Your Option Options , November 16, 2007

"The Options Playbook is a valuable reference for Option Traders of all levels. Not only does it explain complex subjects like Implied Volatility and 'The Greeks' in a manner that is easy to understand, it does so with humor and an appealing wit. It's the kind of resource you will reach for every time you make an option trade."
--- James B. Bittman
Senior Instructor, The Options Institute at CBOE
Author of Options for the Stock Investor and Trading Options as a Professional

Awards
Winner, Best in Show: Corporate Image Category
2008 Financial Communications Society Portfolio Awards

Finalist, 2008 Insight Award for Customer Advocacy in Financial Services

Bronze Winner: Investing Category
2008 Axiom Business Book Awards

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Product Description

The Options Playbook was created to demystify option trading and teach investors different option plays for all market conditions. No confusing jargon. No unnecessary mumbo-jumbo. Just clear, easy-to-understand explanations of more than 40 of the most popular option strategies broken down into a play-by-play format including:

Play Name: Long Call, Short Call Spread, Iron Condor, etc.
The Setup: The goals and reasons to run each play
Who Should Run It: Rookies, Veterans or All-Stars, based on degree of difficulty
When To Run It: Describes each play as bullish, bearish or neutral
The Strategy: A detailed overview of each strategy, their risks and the specific costs associated with multi-leg strategies.

For the first-time option trader The Options Playbook features a "Rookie's Corner," addressing the basic definitions and concepts you need to understand this market, tips to avoid common beginner’s mistakes, and suggested strategies to "get your feet wet".

For more experienced option traders, an expanded section on implied volatility explains how this handy variable can be used to find the potential range of the stock over the options life. A detailed section on pricing variables (Greeks) helps you understand how an option’s price is affected by changes in market conditions. You‚w’ll also learn how time decay and a change in implied volatility can affect your trade after it’s in place and how to recover if things don’t go according to plan.

The Options Playbook features Options Guy Tips from TradeKing Senior Analyst Brian Overby. Like any good coach, Overby’s handy insights help you put theory into successful real-world trading.

This expanded 2nd edition includes 10 new plays and 56 new pages of handy content describing a brief history of options, five common mistakes options traders make and how to avoid them, an expanded glossary, how to manage option positions by rolling to a different month and strike, to explaining the difference between index and stock options, managing early exercise and assignment and how to calculate position delta and use it to manage overall position risk of a multi-leg option strategy.

Options involve risk and are not suitable for all investors. It is possible to lose more money than invested. Before making any investment decisions, please read Characteristics and Risks of Standardized Options that accompanies The Options Playbook and available at: tradeking.com/ODD.

(c) TradeKing. All rights reserved. Member FINRA and SIPC.

TradeKing - 5455 N. Federal Hwy, Suite E, Boca Raton, FL 33487

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Product Details

• Spiral-bound: 158 pages
• Publisher: TradeKing; 2nd edition (September 11, 2009)
• Language: English
• ISBN-10: 0615308147
• ISBN-13: 978-0615308142
• Product Dimensions: 11.1 x 8.1 x 1 inches
• Shipping Weight: 1.9 pounds (View shipping rates and policies)
• Average Customer Review: 4.0 out of 5 stars  See all reviews (2 customer reviews)
• Amazon.com Sales Rank: #178,078 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

1 of 1 people found the following review helpful:

5.0 out of 5 stars Must have book to go to next level!, November 3, 2009

By	Lisa - See all my reviews

I consider myself a basic option trader. Up until I read this book covered calls and cash-secured put selling were the only option strategies I used and I was doing quite well until the sub-prime mortgage debacle. After taking a substantial hit to my account I decided to try to learn how to make money in an up and down market, so I bought a few books on options and planned to advance my education. My issue was I could not get through them because they were so math heavy or so boring that it just wasn't possible to stay awake while reading. The options playbook was just the right speed and density. It explains how to set up each strategy and provides a heads up to many of the pitfalls of each play. It does it in a VERY user friendly, easy to understand format. Also, it has a ingenious spiral binding which makes it possible to lay the book flat on the desk turned to the page you need, because of this it is the only book I keep next to my computer. I use it all the time for a quick reference or just a simple sanity check before I enter my long put spreads. I do wish it had a little more detail on how to exit positions. I have found this to be an issue with my other options books, so I had to learn the old fashion way - by doing. I did some research on author and found out that he has many free archived webinars on the Chicago Board Options Exchanges site ([...]). They are an excellent follow up to the book if you want more detail on a particular strategy and I also noticed his blog is posted inside his author page.

0 of 1 people found the following review helpful:

3.0 out of 5 stars for bginners mainly, November 2, 2009

By	Zvi Boiangou - See all my reviews (REAL NAME)

Hello,

The book is nice and summerizes the different strategist and its good for beginners.
I would expect to see more of adjustment to the different examples cause these are more important
then setting a regular strategy.
There is one small chapter that deals with rolling but its not enogh to me.


Regards

Zvi