Praise for The COMPLETE BOOK of OPTION SPREADS AND COMBINATIONS
"Option spreads are a vital tool for any serious trader and Scott Nations explains how and why to use them better than anyone else. This book is a step by step guide, covering everything from the basics to more complicated strategies, and Scott′s years of experience come through in his valuable and entertaining narrative. I recommend this book to options traders of all levels, as well as to anyone interested in adding a powerful new strategy to their financial toolbox."
Jackie DeAngelis, Host of CNBC′s Futures Now
"The explosive growth of options trading among retail investors is one of the most exciting and potentially dangerous trends in the stock market. Professional investors are happy to welcome the new money because most it ends up in their pockets. Newcomers are drawn to the potentially explosive rewards, but they′ll never see those gains unless they first have a roadmap and a full grasp on how to match their strategies to their goals and risk tolerance.
Scott Nations is one of a select few voices in financial punditry with the mental horsepower to understand sophisticated strategies and clarity of voice to explain those techniques in a way readers will be able to grasp and put to work. Getting the secrets of professional traders is great but what individual investors really need to have is a grasp of the strategies that fit their needs.
Don′t try to teach yourself how to trade options on the fly. Arm yourself with as much personalized knowledge as you can get. Before you trade options invest in this book. Read it twice."
Jeff Macke, Host on Yahoo! Finance, original cast member of CNBC′s Fast Money, founder of Macke Asset Management, and a hedge fund manager
Chapter 1 Not Just More or Less but Different 1
Chapter 2 Just a Little Math 15
Chapter 3 Vertical Spreads 29
Chapter 4 Covered Calls 55
Chapter 5 Covered Puts 75
Chapter 6 Calendar Spreads 93
Chapter 7 Straddles 109
Chapter 8 Strangles 125
Chapter 9 Collars 139
Chapter 10 Risk Reversal 155
Chapter 11 Butterflies 169
Chapter 12 Condors and Iron Condors 191
Chapter 13 Conversion/Reversal 209
Chapter 14 Ratio Spreads and Back Spreads 217
Chapter 15 Other Spreads and Combinations 235
About the Website 247
About the Author 248
SCOTT NATIONS is president and chief investment officer of NationsShares, a division of Fortress Trading Inc. Previously, Nations was head trader for Sovereign Capital and a floor trader at both the Chicago Board of Trade and the Chicago Mercantile Exchange. He appears regularly on CNBC.