Bloomberg Financial Series Visual Guide to OPTIONS
"Jared Levy explains options from a professional trader′s point of view without defaulting to just another explication of complex option pricing models. This graphical approach reveals the keys in those models and Jared′s explanations reveal how to trade them. In short a very useful resource!"
Bill Long, Managing Director, The ReThink Group; and Denise Shull, CEO, The ReThink Group and author, Market Mind Games
"I am a very visual trader. It was refreshing to read how my good colleague and friend, Jared Levy, went through chapters on Greeks and Risk Management within a visual setting. I also liked his quotes of Rumi and Sun Tzu, most appropriate for all trader–warriors."
Fari Hamzei, founder, Hamzei Analytics, LLC
The Bloomberg Financial Series Visual Guides cover today′s most relevant finance and trading topics in a comprehensive, yet easy–to–follow style. The content is presented in the most visual of manners thus bringing to life key concepts for finance professionals and truly lives up to the series name by examining concepts in a highly visual way all charts are in color and presented in a large format for ease of use. Other strong visual attributes include consistent elements that function as additional learning aids for the reader, such as: Key Points, Definitions, Step–by–Step, Do It Yourself, and Bloomberg Financial Series Visual Guide functionality.
And for e–reader users, the Bloomberg Financial Series Visual Guides are available as enhanced e–books offering special features, like a Test Yourself section where you can test your newly honed knowledge and skills. The enhanced e–book versions also include video tutorials and special pop–up features. They can be purchased wherever e–books are sold.
How to Use This Book ix
Chapter 1: The World of Options 1
Chapter 2: Tools and Knowledge for Trading Options Professionally 51
Chapter 3: Visualizing the Greeks 105
Chapter 4: Visualizing Basic Strategies: Trading Calls and Puts 139
Chapter 5: Visualizing and Trading Vertical Spreads 233
Chapter 6: Visualizing and Trading Butterflies, Condors, and Complex Spreads 287
Chapter 7: Managing Your Risk: Tactics, Tips, and Volatility Tricks 329
Appendix: Bloomberg Functionality Cheat Sheet 375
About the Author 377
Jared A. Levy is the Senior Equities Strategist for Zacks Investment Research and manages several trading services, which can be found along with his blog at his website JaredLevy.com. He is also a Managing Partner of Alternative Investments at Belpointe Capital in Greenwich, Connecticut.
He has served as a market maker, specialist, and risk manager on three major stock exchanges, completely immersed in the finance and options industries since the age of eighteen. He published his first book, Your Options Handbook, by the age of thirty–one.
Jared has worked for some of the most respected option trading firms in the world and has himself traded millions of options contracts and millions of shares of stock successfully over the years.
Levy′s raw commentary and editorial insights have been featured in many industry publications over the years and has touched millions of investors around the globe. He has been a CNBC Fast Money contributing cast member and won an Emmy for his daily video, Trader Cast. Jared regularly appears and offers commentary and strategy on Bloomberg, Fox Business, CNN Radio, and other major TV and radio networks.