Options Trading the Hard Way is a comprehensive guide that explains option trading as it is experienced in real life. This book seeks to impart to readers the knowledge usually only gained after years of active option trading in the trenches. It also presents a comprehensive, beginning-to-end option trading process including identifying set-ups, selecting and pricing structures, and planning trades from both a risk and profit management perspective. Options Trading the Hard Way also covers trading into positions without getting ripped off, managing open positions, evaluating potential tactical and strategic adjustments, exiting positions, and properly managing expiration issues such as assignments and exercises.
Options Trading the Hard Way covers:
Understanding liquidity
Reality-based risk/reward
Estimating price targets
Closed and open structures
Setting profit and loss targets
Developing P&L plans
Using delta to gauge probability
Time stops
Gap moves
Importance of discipline and much more
Also included in this book: