Synopses & Reviews
Profit By Trading Options in a Sideways Market With detailed and insightful discussions on strategy application and position management, this book offers a tactical approach--something I have not found in other books.--Goran EkmanHead of Sales, Financial Training, OMX If you know the right strategies, you can profit by trading options in a sideways, or directionless, market. (This is fortunate because directionless markets occur more frequently than bull or bear markets.)
This hands-on workbook teaches you the most important trading strategies and how to apply them. You'll find out how to identify, enter, manage, and exit a trade. The special format makes it easy to learn; illustrations, exercises, what-if scenarios, and quizzes have you mastering the material in no time. The butterfly family of option strategies is covered, including: butterflies, iron butterflies, condors, broken-wing butterflies, pterodactyls, and iron pterodactyls. The Greeks--delta, gamma, vega, and theta--are also covered. Understanding the Greeks is essential to deciding how to apply the strategies.
If you are a professional or an active individual trader, you can profit from this book. Anthony J. Saliba, widely known as a pioneer in the options industry, gives you the benefit of twenty-five years of experience on the trading floor. Joseph C. Coronoa, who has traded equity, equity indexes, fixed income, currency, energy, and commodities, has also delivered courses in advanced options trading and risk analysis to hundreds of traders and trading desks. He brings his experience in presenting complex material to this book, as does Karen E. Johnson who has spent much of the past fifteen yearsdeveloping curricula and training programs for global financial institutions.
Review
"Option Strategies for Directionless Markets offers a practical approach to trading butterfly strategies. I found it very comprehensive. The what-if scenarios were especially helpful."--Matt Brown, sales trader, Piper Jaffray"To keep up and gain an edge, the trading strategies and how-to approach detailed in Tony Saliba's Option Strategies for Directionless Markets can take you to the next level of options professionalism."--Ken Heath, publisher, Traders Magazine
"With detailed and insightful discussions on strategy application and position management, this book offers a tactical approachsomething I have not found in other books."--Göran Ekman, Head of Sales Financial Training, OMX
Review
"Option Strategies for Directionless Markets offers a practical approach to trading butterfly strategies. I found it very comprehensive. The what-if scenarios were especially helpful."--Matt Brown, sales trader, Piper Jaffray
Review
"To keep up and gain an edge, the trading strategies and how-to approach detailed in Tony Saliba's Option Strategies for Directionless Markets can take you to the next level of options professionalism."--Ken Heath, publisher, Traders Magazine
Review
"With detailed and insightful discussions on strategy application and position management, this book offers a tactical approachsomething I have not found in other books."--Göran Ekman, Head of Sales Financial Training, OMX
Synopsis
This hands-on workbook teaches you the most important trading strategies and how to apply them. You'll find out how to identify, enter, manage, and exit a trade. The special format makes it easy to learn; illustrations, exercises, "what-if" scenarios, and quizzes have you mastering the material in no time. The butterfly family of option strategies is covered, including: butterflies, iron butterflies, condors, broken-wing butterflies, pterodactyls, and iron pterodactyls. The Greeks--delta, gamma, vega, and theta--are also covered. Understanding the Greeks is essential to deciding how to apply the strategies.Anthony J. Saliba, widely known as a pioneer in the options industry, gives you the benefit of twenty-five years of experience on the trading floor. Joseph C. Coronoa, who has traded equity, equity indexes, fixed income, currency, energy, and commodities, has also delivered courses in advanced options trading and risk analysis to hundreds of traders and trading desks. He brings his experience in presenting complex material to this book, as does Karen E. Johnson who has spent much of the past fifteen years developing curricula and training programs for global financial institutions.
Synopsis
Making great trades in a directionless market can be a challenge, and directionless markets occur more frequently than bull and bear markets combined. Options pioneer Anthony J. Saliba provides the tools and tactics needed to take advantage of a sideways market. Saliba focuses on strategies in the butterfly family of options: butterflies, condors, and iron butterflies, showing how to the use these sophisticated tools in directionless markets.
This hands-on guide illustrates numerous market scenarios to show you step-by-step how and when to apply these butterfly strategies. You’ll find out how to identify, enter, manage, and exit a trade. Exercises and quizzes test your comprehension to make sure you have the knowledge to tackle directionless markets.
About the Author
Anthony J. Saliba has been active in the derivatives market for more than twenty years. He is a member of several financial exchanges and has served on the Board of Directors of the CBOE. His firm, the International Trading Institute, is an acclaimed training organization, reaching thousands of traders worldwide. Saliba was profiled in the best seller
Market Wizards.
Karen E. Johnson serves on the Board of Directors of ITI.
Joseph C. Corona is an adjunct instructor at ITI and is a frequent speaker at industry conferences.
Table of Contents
List of Figures.
Acknowledgments.
Introduction.
1. Strategies for the Directionless market.
2. Long Butterfly Spread basics.
3. Long Condor Spread Basics.
4. The Greeks.
5. Application of the Greekd.
6. Understanding Iron Butterflies and Condors.
7. Popular Mutant Structures.
8. Strategy Application.
9. An Interview with Anthony J. Saliba.
Appendix A: A Final Exam.
Appendix B: Glossary.
Index.