Synopses & Reviews
When Jeanette Schwarz Young began her trading career in 1981, options were generally regarded as a specialized trading tool best left to professionals. She was impressed, however, by the value and versatility of options for investors of every size and experience level. Young has spent the past quarter-century both employing options as a trader and working to educate other traders on the value of options for hedging risk, increasing income, or speculating for fast profits.
The Options Doctor is Young's hands-on, practical guidebook for using options combined with technical analysis tools to both create and protect portfolio profits in every market environment. Covering topics from basic to advanced, and filled with entertaining, first-person stories from Young's career spent on the front lines of trading, it will improve your skill and comfort with options trading-whether you are a first-year trader still learning the ropes or a seasoned veteran looking for proven tips and tricks to jump-start your trading performance.
The Options Doctor is organized into three main sections:
Market Outlook-The building blocks of technical analysis, including descriptions and guidelines for using nearly a dozen popular charts; techniques for identifying trends, calculating support and resistance lines, and recognizing existing and developing patterns; understanding the basics of bonds, currencies, and commodities; and more
Options Strategies-Everything you need to skillfully and profitably use options on a daily basis, including what options are and how they work; their value in limiting risk and increasing return; Step-by-step strategies for implementing options in markets that are trending, cycling within a specific trading range, or reversing direction; and more
Managing a Position-Where it all comes together, and you learn how to combine options and technical analysis to hedge the risks in positions of every type, including uncovering the best issues for building a position; adjusting a position that is moving against you; managing a winning position to both preserve and build your profits; and more
Options are valuable for all investors, from conservative investors in search of low-risk insurance and income to aggressive traders looking to pull fast profits from the marketplace. The Options Doctor Shows you how to skillfully use options for every strategy in every market, and is certain to become one of the most useful and valuable books in your trading library.
Synopsis:
The Options Doctor is an essential resource for good traders who want to be great. Years of experience and painful lessons are translated into winning strategies for all market conditions with tips to gain an edge in the market. Whether your portfolio is up or down...thi9s is what the doctor ordered!
— William J. P. Dale, Vice President and Portfolio Manager, RBC Dominion Securities, Royal Bank of Canada
"Jeanette Schwarz Young says that the options business 'is a treasure hunt with a real treasure at the end,' and so is her book. She makes complicated topics-candlesticks, butterflies, Condors, straddles and strangles, and more-Understandable, even as she discusses how she entered the business, mastered and created tools of the trade, and helps others manage both winning an losing positions. She clearly is a treasure, too."
— Dr. Robert A. Scott, President, Adelphi University
"Anyone wanting to learn how to apply technical analysis to options trading should find The Options Doctor very useful. Young is at her best when she explains her favorite trading tools. I especially liked reading about her experiences on the trading floor which have given her a unique view of market trading."
— John Murphy, author, Technical Analysis of the Financial Markets and Intermarket Analysis
Synopsis:
A practical guide to using option strategies to profit in any kind of market <P>This comprehensive and engaging resource explores how traders can use options to profit in any market environment– whether it be trending, stuck in a trading range, or showing signs of reversing direction. Divided into three main sections– market outlook, options strategies, and managing your position– The Options Doctor includes the author’ s own personal stories and observations from her life as a trader that will benefit both beginner and professional traders alike. Through these anecdotes, the author examines various technical tools to determine the condition of the market; identifies strategies to use during specific market conditions; and demonstrates how to utilize options to adjust an existing position and manage exposure for portfolio performance purposes. <P>Jeanette Schwarz, CFP, CMT (Weehawken, NJ) is the author of the Option Queen Letter and a floor-trader-hedger at the New York Board of Trade.
About the Author
Jeanette Schwarz Youngis the author of the Option Queen Letter and a floor trader/hedger at the New York Board of Trade. She is a member of options settlement, member benefits, floor trading privileges, index products, new products, and the floor committee. She can be seen live every day on NYBOT-TV with the News on the Softs and U.S. Dollar Index Report. Young has been appointed to Adelphi University's President's Advisory Counsel. She has received a top-ten winner award in the National Investment Challenge Pro Option's division for two years and has eve placed top three in the world. She has appeared on FOX News, CNNfn, Bloomberg, and CNBC and is a member of the American Association of Professional technical Analysts, Market Technicians Association, and the Financial Planning Association.
Table of Contents
Preface.
Acknowledgments.
About the Author.
PART I: Market Outlook.
Chapter 1. What is Technical Analysis?
Chapter 2. Basic Charting.
Chapter 3. Identifying Trends and Calculating Support and Resistance.
Chapter 4. Pattern Recognition.
Chapter 5. Momentum and Other Indicators.
Chapter 6. Bonds, Currencies, and Commodities.
PART II: Options Strategies.
Chapter 7. Introduction to Options.
Chapter 8. Using Options in Trending Markets.
Chapter 9. Using Options in Trading Range Markets.
Chapter 10. Using Options in reversing Markets.
PART III: Managing a Position.
Chapter 11. Fundamental Hedging Strategies.
Chapter 12. Managing a Losing Position.
Chapter 13. Managing a Winning Position.
Chapter 14. Pulling it All Together.
Appendix. Trading Tools I have Developed.
Index.
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