Show Me Your Options! The Guide to Complete Confidence for Every Stock and Options Trader Seeking Consistent, Predictable Returns

by Steve Burns, Christopher Ebert

Options talk can be very technical but “Show Me Your Options” is broken down into bite-size chapters and useful options analogies that will help anybody muddle through options trading and come out on the other side with a couple of strategies they can use right now. The measure of a great trading book is whether I can take what I read last week and inject that into my trading on the next. Mission accomplished guys. Jeff Pierce @zentrader zentrader.ca Contents Introduction Chapter 1 Options are not assets, they are bets. Chapter 2 Every option contract has a buyer and a seller; one is long, one is short, but which one has the best odds of winning? Chapter 3 Strong trends are the friend of an option buyer and the enemy of an option seller. Chapter 4 Time is an option seller’s friend, but the option buyer’s enemy. (theta) Chapter 5 volatility is the option buyer’s friend but the option seller’s enemy. (vega) Chapter 6 How much of the move do you get for the money? (delta) Chapter 7 Stocks for covered calls Chapter 8 Selling lottery naked options Chapter 9 Buying lottery deep out-of-the-money options Chapter 10 Trends determine who strangles and straddles Chapter 11 The every position has a synthetic relative Chapter 12 ratio, calendar, diagonal Chapter 13 The wind beneath the pro’s butterflies and condors Chapter 14 Dealing with the behavioral problems of immature options Chapter 15 A trader’s insurance, stop losses, or ruin Chapter 16 Your method, your rules, your edge Appendix Relative time value of options based on the time to expiration of the contract Appendix Odds and expected payout of selected option strategies Appendix The relationship between option premiums, deltas, standard deviations, and profit probabilities Appendix Time progression payout potential Appendix Expanded table of synthetic positions

268 pages, Paperback

First published March 11, 2012

About the author

Steve Burns has been investing in the stock market successfully for over 20 years and has been an active trader for over 14 years. He is the author of six books and ranks near the top 500 of all reviewers on Amazon.com. He has been featured as a top Darvas System trader and interviewed for the Wall Street Journal blog, Traders Magazine, and Michael Covel. He has also been a contributor to Traders Planet, ZenTrader.ca, and SeeitMarket.com. He lives in Nashville, TN with his three children, Janna, Kelli, and Stephen III. He trades his own personal accounts.

Reviews

[Balamurugan · Rating 4 out of 5]

A good book that will get you interested in options trading and demystify the greeks. A person with prior experience in trading options will definitely get more bang for the buck. It is not written in a traditional "how to" format, instead portrays a stock trader seeking advise from others in a chat room. The writers have done a good job in using the dialog format, which is a refreshing change in this genre and establishes an immediate connect with the readers. The writing was too cute and cheesy at times, but tolerable.