Synopses & Reviews
The profits made through stocks and options trading have intrigued individual investors for years, yet those who enter this arena unprepared have consistently lost money. If you don't have a firm understanding of the fundamentals of the options market, lack a strategic plan, or fail to manage risk effectively, you won't be trading options for long.
Drawing on his years of experience as both a successful options trader and an acclaimed options trading instructor, author and financial expert George Fontanills has crafted a comprehensive course to help you avoid these common, costly, and unnecessary mistakes. In this fully updated Second Edition of The Options Course, Fontanills returns to improve and expand on all the invaluable information and advice he offered in the bestselling original edition of The Options Course.
Designed for investors at all levels of experience, The Options Course, Second Edition opens the door to the numerous opportunities offered by this exciting form of trading. Using a systematic, step-by-step approach, this guide will equip you with all the toolsfrom basic concepts to sophisticated techniquesnecessary for successfully integrating options into your trading approach.
With clarity, conciseness, and depth of coverage available nowhere else, The Options Course, Second Edition:
- Provides a solid foundation in the concepts, methods, and strategies of stocks and options trading
- Explains how to apply Delta Neutral Tradinga powerful technique for finding optimal trades that produces high returnsto your trading arsenal
- Shows you how to increase profits by making adjustments to trades based on market movement
- Discusses the art of risk management and reveals how to protect yourself without giving up profits
- Examines some of the macroeconomic events that can cause fluctuations in the stock market
- Describes how to spot explosive stock and options trading opportunities through a variety of readily available sources
Options are the most flexible financial instruments that exist today, and if used properly, they can provide you with unique investment opportunities on a regular basis. However, the entire options arena can be a very complex and confusing place to venture. By utilizing the many tools and strategies illustrated throughout this bookand paying close attention to the numerous cases presentedyou can build up your knowledge base of the markets to a professional level and become a successful stocks and options trader.
A complete options course from the renowned trading instructor.
Options trading continues to capture the mind of the sophisticated individual investor. This book presents a full options trading course by a well-known options trading instructor. The Options Course progresses from introductory concepts through to more sophisticated strategies for the intermediate-level trader. Learn how to trade futures and stocks with call and put options, and much more. Case studies and real-life examples are included.
George Fontanills (Boston, MA) is President of the Global Investment Management Corporation. His seminar series, Optionetics, has been one of the most popular seminars on the market.
Complete options course from renowned options trading instructor. The Fontanills popular options seminar, Optionetics, is regularly attended at a cost of $3,000. In this book he teaches many of the sophisticated strategies covered in this seminar. Special emphasis is placed on strategies which are relatively low stress, require a minimum of monitoring, yet retain significant profit potential.
Use this invaluable tool to gain a competitive edge and avert bad investment decisions.
Well-known options strategist and instructor George Fontanills has updated his time-tested and bestselling book, The Options Course. The new edition improves and expands upon the original to help you avoid some common and costly options mistakes. The systematic, step-by-step approach, covers everything from basic concepts to sophisticated techniques and is designed for investors at all levels of experience.
"Fontanills delivers concise instruction of how to trade options the right way, managing risk while recognizing reward. When you have an options related question, this is the first book to pick up."
Michael J. Curcio, Executive Vice President, E*Trade Financial (www.etrade.com/options)
"George Fontanills has taught more people about options than anyone else. Novice and advanced traders alike will find this to be a valuable read, as elementary and advanced concepts are explained with clarity. Moreover, the content is practical and designed with an eye towards actual trading applications."
Lawrence G. McMillan, President, McMillan Analysis Corp.
"This book is required reading for anyone serious about trading options who doesn't want to waste time making avoidableand sometimes costlymistakes."
Julie Craig, Marketing Director, eSignal
"A timely update for those committed to succeeding in today's complex and challenging markets. A must read for those interested in succeeding in today's turbulent times. Understanding and managing volatility has, perhaps, never been more important."
Eric Alexander, COO, Wall Street Access
"Fontanills has once again demonstrated that he is a master at explaining both the basics and the intricacies of options trading. This book will prepare any option trader for what lies ahead in the rapidly expanding options market. The highly detailed discussions of strategies and delta-neutral trading are indispensable, and I was thrilled to see a section on sentiment analysis. A must-have for any options trader's bookshelf."
Bernie Schaeffer, Chairman &CEO, Schaeffer's Investment Research
"If you are looking for someone who can teach you how to trade options like a professional, you can't beat George Fontanills. He is 'the' authority on option strategies. The Options Course, Second Edition puts you squarely in the middle of the right path."
John-Paul Drysdale, Managing Director, The Hubb Organisation
"George Fontanills captures the essence of option trading with clear and entertaining examples of strategies and profitable trading techniques."
Tom Sosnoff, Founder and CEO of the thinkorswim Group, Inc.
"The Options Course, Second Edition by George Fontanills provides investors of all experience levels a clear, reasoned, and practical approach to equity options. This is a must-read for every investor."
David Kalt, President, optionsXpress
The Options Course offers, for the first time in book form, a complete options trading course based on George Fontanills's popular seminar series, Optionetics: The Science of High Profit and Low Stress Trading. Using a systematic, step-by-step approach, this remarkable text equips you with all the tools-from basic concepts to sophisticated techniques-necessary for successful trading in the world of options. Although many investors in recent years have been bitten by the options bug, many lose money because they either don't understand the fundamentals of the options market, lack a strategic plan, or fail to manage risk effectively. Drawing on his years of experience as both a successful options trader and an acclaimed instructor of traders, Fontanills has designed his course to help you avoid these common, costly, and unnecessary mistakes. With clarity, conciseness, and depth of coverage available nowhere else, The Options Course:
* Offers a thorough grounding in the concepts, methods, and strategies of options trading
* Defines the key elements of a good investment and describes ways to find explosive investment opportunities
* Shows you how to manage risk effectively-an important component of a winning approach to trading the markets profitably
* Explains how to apply Delta Neutral Trading, a powerful technique for finding optimal trades that produces high returns in a short period of time
* Provides detailed instructions on placing orders and trading futures and stocks with call and put options-all illustrated by numerous real-world examples and case studies
In addition, The Options Course is fully supported by a wealth of supplementary materials that speed and enhance the learning process. Included are fifteen appendices that serve as valuable resources, such as lists of trading media sources, options value and margin requirement charts, an option strategy quick-reference guide, strike price and expiration month codes, and much more. Fontanills's course is further supplemented by The Options Course Workbook, a study guide of practical exercises to test your knowledge. Designed for investors at all levels of experience, The Options Course opens the door to the numerous opportunities offered by this exciting form of investing.
An indispensable, hands-on companion to The Options Course. In The Options Course: High Profit & Low Stress Trading Methods, renowned trader, money manager, and options trading instructor George Fontanills distills information from his highly popular seminar series to bring you an accessible and comprehensive look at options trading. In The Options Course Workbook, he offers a wealth of practical exercises that will help further your understanding, as well as test and apply what you've learned--before you take part in an actual trade. Includes a complete answer key, and covers such essentials as basic trading strategies, risk and margin, delta neutral trading, order placement, and trading techniques for range bound markets.
About the Author
GEORGE A. FONTANILLS, who received his MBA from the prestigious Harvard Business School, is the cofounder and President Emeritus of Optionetics, the world leader in options education, with offices around the globe specializing in teaching high-profit, low-risk, low-stress options trading strategies (www.optionetics.com). Additionally, George's reputation as "the dean of options trading" has led to numerous guest appearances on television and radio shows across the country. A retired hedge fund manager, he has written and cowritten many books on trading, including Trade Options Online, The Stock Market Course, and The Volatility Course, all published by Wiley.
Table of Contents
Introduction to Options Trading.
The Big Picture.
Elements of a Good Investment.
A Short Course in Investment Economics.
How to Spot Explosive Opportunities.
Introduction to Delta Neutral Trading.
The Greeks and Option Pricing.
Risk and Margin.
Basic Trading Strategies.
The Nuts and Bolts of Delta Neutral Trading.
Advanced Delta Neutral Strategies.
Trading Techniques for Range-Bound Markets.
Increasing Your Profits with Adjustments.
Processing Your Trade.
George Fontanills' Trading Package.