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Trading Against the Crowd. Profiting from Fear and Greed in Stock, Futures and Options Markets. Wiley Trading

  • ID: 2217506
  • Book
  • 206 Pages
  • John Wiley and Sons Ltd
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"The old adage is still true: to make money, do the opposite of the majority. Trading Against the Crowd shows you how to do just that."

Larry Williams, author of The Right Stock at the Right Time and Long–Term Secrets to Short–Term Trading

"Mr. Summa’s Trading Against the Crowd provides traders with distinct insight into the art of trading on ‘contrary opinion.’ His groundbreaking approach to quantifying news articles into a bullish versus bearish intensity index should prove to be a very valuable tool for professional traders worldwide."
Dan Stark, President, Daniel B. Stark & Company
Publisher, Stark Trader Analysis Report

"Summa’s new book, Trading Against the Crowd, is thoughtful, insightful, and one of the better books on the contrarian style of investing. With the recent stock market meltdown fresh in our minds, this book should be required reading for all investors, whether they are novices or experienced institutional investors."
Jim Mazzola, Director, Thomson Equity Strategies, Thomson Financial

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Chapter 1. Reflections of a Contrarian on Investor Psychology.

Chapter 2. Measuring "Joe Option Trader" Sentiment.

Chapter 3. Will the Real Put/Call Ratio Please Stand Up?

Chapter 4. The Option Trading Crowd at Extremes.

Chapter 5. Does the Entire Group of Option Traders Get it Wrong?

Chapter 6. OEX Option Traders Is This a Smart Money Crowd?

Chapter 7. From Statistical Tests to Sentiment Trading System.

Chapter 8. Squeeze Play I: Pulling the Price Trigger.

Chapter 9. Sentiment Squeeze Play II.

Chapter 10. Squeeze Play II and LEAPS Surrogates.

Chapter 11. The Tsunami Sentiment Wave Trading System.

Chapter 12. Adapting Put/Call Ratios to Bond Futures.

Chapter 13. Option Implied Volatility and Investor Sentiment.

Chapter 14. Testing Option Volatility on Equity Indices.

Chapter 15. Stock Options Volatility and Sentiment Long Waves.

Chapter 16. Gauging Crowd Psychology with Short Selling Ratios.

Chapter 17. Public Shorts: Still As Good As Ever as Crowd "Sentimeter".

Chapter 18. Trading Against the Advisory Opinion Crowd.

Chapter 19. The Fourth Estate Crowd.

Chapter 20. Postscript on Crowd Psychology in Financial Markets.

Appendix A: MetaStock Formula Language Code.

Appendix B: TradeStation EasyLanguage® Code.

Appendix C: Notes on System Testing. 


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JOHN F. SUMMA operates his own commodity pool and managed account program. He is an NFA–registered commodity trading advisor (CTA) and licensed, series–3 options broker. In 1997, John founded one of the first option advisory Web sites, OptionsNerd.com. More recently he established a new trading advisory site, TradingAgainstTheCrowd.com. He is the coauthor of Options on Futures: New Trading Strategies and Options on Futures Workbook, both published by Wiley. John regularly writes for Investopedia.com and has published his trading ideas in Technical Analysis of Stocks & Commodities magazine and Futures magazine. A former professional skier, John also holds a master’s degree in economics from the prestigious Graduate Faculty at New School University in New York City.
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