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Other titles in the Financial Times Prentice Hall Books series:
Options Trading for the Conservative Investor: Increasing Profits Without Increasing Your Riskby Michael C Thomsett
Synopses & Reviews
Other copy "Every open-minded conservative investor should read this book."
–Lawrence G. McMillan, author of Options as a Strategic Investment
"The author's option trading guidelines include important issues often overlooked by investors. Attention conservative investors! Michael Thomsett's Options Trading for the Conservative Investor has hit a bulls eye...for you!"
–Marty Kearney, The Options Institute, Chicago Board Options Exchange
"Michael Thomsett has done a terrific job of showing how a conservative investor can use certain option strategies to his advantage. He spells out how that investor can utilize options to provide income, to protect stock holdings, or even as a substitute for stock itself. Every open-minded conservative investor should read this book."
–Lawrence G. McMillan; publisher, The Options Strategist newsletter; president, McMillan Analysis Corporation; author, Options as a Strategic Investment
"This book is a must for the diligent investor. Perfectly timed for these uncertain markets, Michael Thomsett provides a lucid guide for how to approach options trading conservatively, yet also focuses on the fundamental need for good returns and provides real examples throughout."
–Guy Cohen; author of The Bible of Options Strategies and creator of OptionEasy (www.optioneasy.com)
If you're an investor concerned with preserving capital, maximizing predictability, and maintaining consistently strong returns, your best solution just might surprise you: Options. In Options Trading for the Conservative Investor, Michael C. Thomsett reveals a narrow band of options strategies that can help you improve results as you systematically reduce unnecessary risk throughout your portfolio.
Thomsett, author of the global best-seller Getting Started in Options, writes in simple, nontechnical language, uses real examples, and guides you through every strategy–one easy step at a time. He's made this book simple and visual enough for any experienced investor to use, even if they have no experience trading options. Thomsett is also the author of Stock Profits: Getting to the Core (Financial Times-Prentice Hall 2004), The Leaps Strategist (Marketplace Books 2004), and Investment and Securities Dictionary (McFarland & Company 1986).
Thomsett systematically covers several options strategies optimized for conservative investors, including covered call writing on carefully selected stocks, contingent purchase strategies, and powerful "combination" strategies that produce cash to bolster current income. No matter how cautious an investor you are, this book will give you powerful new tools for achieving your financial goals–without losing a moment of sleep.
Improve Returns–Without Added Risk!
The world's #1 options author has written the definitive options guide for conservative investors! One step at a time, you'll discover how to use options to increase yields, reduce risks, protect existing positions, and ride safely through any market down cycle. Want double-digit returns without heart-pounding risk? Here are the options you've been searching for!
© Copyright Pearson Education. All rights reserved.
Thomsett introduces powerful, carefully chosen options strategies that can help even the most conservative stock investor consistently improve returns without taking on unacceptable risk, including covered call writing on carefully selected stocks, contingent purchase strategies, and powerful "combination" strategies that produce cash to bolster current income. He guides you through every strategy, one easy step at a time, using actual examples, portfolios, and graphs taken directly from today's markets. This thoroughly updated Second Edition includes a brand-new model portfolio that incorporates even more conservative investments; more coverage of downside protection, including options strategies that hedge against long portfolio positions; deeper coverage of the risks of volatility; and much more. No matter how cautious an investor you are, this book will give you powerful new tools for profiting in any kind of market - and achieving your financial goals without losing a moment of sleep.
The author of the global bestseller "Getting Started in Options" reveals a narrow band of options strategies that can help readers achieve steady, double-digit results as they systematically reduce unnecessary risk throughout their portfolio.
About the Author
Michael C. Thomsett has written over sixty books on investment and financial topics, including Stock Profits: Getting to the Core (Financial Times-Prentice Hall 2004) as well as the best-selling Getting Started in Options (now in its Sixth Edition, with over 200,000 sold, John Wiley & Sons 2005) and The Leaps Strategist (Marketplace Books 2004). His Investment and Securities Dictionary (McFarland & Company 1986) was named Outstanding Academic Book by Choice Magazine.
Thomsett lives in Port Townsend, Washington.
© Copyright Pearson Education. All rights reserved.
Table of Contents
About the Author xii
Chapter 1: Setting the Ground Rules 1
Chapter 2: Option Basics 7
Chapter 3: Options in Context 51
Chapter 4: Managing Profits and Losses 85
Chapter 5: Options as Cash Generators 107
Chapter 6: Alternatives to Stock Purchase 133
Chapter 7: Option Strategies in Down Markets 157
Chapter 8: Combination Conservative Techniques 189
Chapter 9: Stock Selection and the Option Contract 221
Appendix: Option Trading Strategies 239
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