Business&Money

Important insights into effective option strategies In The Complete Guide to Option Strategies, top-performing commodity trading advisor Michael Mullaney explains how to successfully employ a variety of option strategies, from the most risky selling naked puts and calls to more conservative strategies using covered positions. The author covers everything from options on stocks, exchange-traded funds, stock indexes, and stock index futures to essential information on risk management, option "Greeks," and order placement. The book provides numerous tables and graphs to benefit beginning and experienced traders. Written by a CTA who has successfully employed various options strategies to generate market-beating returns, The Complete Guide to Option Strategies will be an important addition to any trader's library. Michael D. Mullaney (Jacksonville, FL) is a high-ranking commodity trading advisor who specializes in option selling strategies.

In order to survive and thrive in today's financial markets, you must seriously consider the use of options in your investment endeavors. Options allow you to reap the same benefits as an outright stock or commodity trade, but with less risk and less money on the line. The truth is, you can achieve everything with options that you would with stocks or commoditiesat less costwhile gaining a much higher percentage return on your invested dollars. After numerous years as a market maker in the trenches of the New York Mercantile Exchange, few analysts know how to make money trading options like author Lee Lowell. In this well-rounded resource, Lowell shows both stock and commodity option traders exactly what works and what doesn't. Filled with in-depth insight and expert advice, Get Rich with Options provides you with the knowledge and strategies needed to achieve optimal results within the options market. The book quickly covers the basicshow options are priced, strike price selection, the use of Delta, and using volatility to one's advantagebefore moving on to the four options trading strategies that have helped Lowell profit in this arena time and again buying deep-in-the-money call options, selling naked puts, selling option credit spreads, and selling covered calls. Using these strategoes decisively, he says, is the fastest route to riches in the options trading game. Get Rich with Options is packed with real-life examples of actual trades and detailed discussions of how options can be used as a hedging, speculating, or income-producing tool. You'll learn how to set up a home business with the best options trading software,tools, and Web sites. And you'll begin to see options in a whole new light and discover how to become part of a small group of investors who consistently win.

In The Disciplined Trader, Mark Douglas, and expert on the dynamics of trading, shows why most traders are unprepared for the different - often alien - strategies required for success in the trading environment. With rare insight based o his first-hand commodity trading experience, the author demonstrates why the beliefs learned to function effectively in society are often formidable psychological barriers in trading. After examining the causes for the development of losing attitudes, the book prepares the reader for a thorough "mental house cleaning" of deeply rooted concepts and traditional thought processes. And then it shows the reader how to develop and apply attitudes and behaviors that transcend psychological obstacles and lead to success. The Disciplined Trader helps you join the elite few who have learned how to control their trading behavior (the few traders who consistently take the greatest percentage of profits out of the market) by developing a systematic, step-by-step approach for winning week after week, month after month. The Disciplined Trader is divided into four parts An overview of the psychological requirements of the trading environment A definition of the problems and challenges of becoming a successful trader Basic insights into what behavior may need to be changed, and how to build a framework for accomplishing this goal How to develop specific trading skills based on a clear, objective perspective on market action In a comprehensive and logical manner, Mark Douglas shows you how to examine and limit our trading behavior - how to develop the mental discipline processed by the small minority of winners who make money consistently (weekly, monthly, and yearly). Some of the skills focused on in The Disciplined Trader include learning the positive dynamics of achieving goals...recognizing skills needed to progress as a trader (and how to stay aware of them instead of just the by-product - the money acquired)...adapting yourself to respond to fundamental market changes...identifying your "risk comfort level" and learning how to expand it...acting immediately on opportunities...letting the market tell you how much is enough...controlling your perspective of market movement...and much more.

"I've been trading stocks and commodities for more than 30 years, and I've read any number of how-to books, but George Kleinman's The New Commodity ...