The Only Options Trading Book You’ll Ever Need: (Second Edition)

The first edition of The Only Options Trading Book You’ll Ever Need became a worldwide option trading classic in less than a year. Several option trading instructors recommend this book to their students as an essential tool for trading options. Indeed, this book has led many of its readers to the achievement of steady incomes. One reader who had never traded options quadrupled his sizeable trading account in 21 short months using the strategies and following the trading rules in this book’s first edition. In this second edition, the previous trade examples have been updated with more recent ones, and several of the strategy descriptions have been expanded. For example, the popular butterfly option strategies now include balanced, unbalanced, broken-wing, and two-step butterflies. Trade salvage techniques, such as “legging” vertical calls or puts into butterflies as a trade management strategy is also detailed. In addition to new hands-on options trading activities, an expanded and more descriptive option strategy reference has been developed and updated to include recommended IV% and Delta values, strategy goals, trade management techniques, and profit and stop loss recommendations. The risk profile and option chain illustrations have also been enlarged for easy reading. Chapter 16, Trading Options on Small Accounts, has also been expanded. This chapter now provides descriptions of seventeen different options strategies that can be used with small accounts such as rollover IRAs. Read more