Synopses & Reviews
With the ban on trading single stock futures (SSF) lifted, this innovative new financial product has the potential to transform the landscape of securities trading in the United States. Many within the financial community agree that this hybrid of the equity and futures worlds will become the most important derivative introduced since the equity option. Although single stock futures may be a relatively new phenomenon in the United States, this instrument has been successfully traded for years in various overseas marketsleaving you, the individual and professional investor, to play catch-up. Single Stock Futures: An Investors Guide will quickly bring you up to speed on this unique investment vehicle and show you how to get the most out of it.
As one of the first professional investors to launch a single stock futures fund, author Kennedy Mitchell has both the knowledge and experience to introduce you to single stock futures, explain how they function, and demonstrate the various ways they can be traded. Single Stock Futures: An Investors Guide clearly illustrates how investorsboth individual and professionalcan utilize single stock futures independently or as an application to add new dimensions to an investment portfolio.
After providing a general understanding of single stock futures, this comprehensive guide gets down to the specifics with discussions of:
- The exchanges for single stock futuresOneChicago, NQLX, ISLAND, and AMEX
- Speculating and hedging with single stock futures
- The tax considerations of using single stock futures
- The analysis of single stock futurestechnical analysis, fundamental analysis, a combination of both
- Proven trading strategiesfrom outright purchases to buy-write and pairs trading
- Arbitrage principals, margins, and much more
Filled with expert insight, detailed charts, and real-world examples that bring each point to life, Single Stock Futures: An Investors Guide skillfully reveals how you can profit from the unprecedented combination of accessibility and leverage found in single stock futures. To help professional participants in the single stock futures marketplace pass the security futures proficiency test, there is even a chapter that reviews relevant material as well as two complete glossary sections.
Whether youre an aggressive trader seeking profits, a professional investor looking to mitigate risk, or somewhere in between, single stock futures can help you succeed. Find out how with Single Stock Futures: An Investors Guide.
Synopsis
Everything you need to know about Single Stock Futures
"Single stock futures are an incredibly important new financial instrument for managing risk. Kennedy Mitchell provides an outstanding and easy-to-read explanation of these new products for either an expert futures user or for someone learning about futures markets for the first time."
Peter Borish, Senior Managing Director, OneChicago
Although single stock futures may be a relatively new phenomenon in the United States, this instrument has been successfully traded for years in various overseas marketsleaving you, the individual and professional investor, to play catch-up.
Exactly what are single stock futures? They are futures contracts, within the futures universe, that have shares of listed public companies as their underlying asset.
In Single Stock Futures: An Investors Guide, author Kennedy Mitchell introduces you to single stock futures, explains how they function, and demonstrates the various ways they can be traded. This comprehensive guide clearly illustrates how investorsboth individual and professionalcan utilize single stock futures independently or as an application to add new dimensions to an investment portfolio.
Single stock futures have the potential to improve the performance of professionals, novices, investors, and traders. Take this opportunity to find out how with Single Stock Futures: An Investors Guide.
About the Author
KENNEDY MITCHELL is President of Triumvirate Capital Management, one of the first funds to use single stock futures. Mr. Mitchell has worked in the investment management business for over ten years-first with Gruntal Co., where he was featured in Barron's in 1993 for his trading strategies utilizing the VIX volatility index. Since then, he has served in various capacities with Prudential Securities, Coast Capital Management, and Meridian Investment Management. He has also been a regular contributor, along with John Murphy, to stockcharts.com, providing commentary and technical analysis on the global financial markets.
Table of Contents
Acknowledgments.
Introduction.
Chapter 1. An Overview of Single Stock Futures.
Chapter 2. Key Differences Between Equities and Single Stock Futures.
Chapter 3. The Exchanges for Single Stock Futures.
Chapter 4. Speculating with Single Stock Futures.
Chapter 5. Hedging with Single Stock Futures.
Chapter 6. Delivery, Offset, and Rolling Forward.
Chapter 7. Trading Strategies Using Single Stock Futures.
Chapter 8. Arbitrage Principals.
Chapter 9. Margin.
Chapter 10. Security Futures versus Equity Options.
Chapter 11. Analysis of Single Security Futures.
Chapter 12. Proven Trading Strategies.
Chapter 13. Security Futures Proficiency Review Section.
Appendix 1. Basic Futures Principals for the Beginner.
Appendix 2. Narrow-Based Indices.
Appendix 3. Tax Considerations.
Appendix 4. Security Futures Currently Available for Trading.
Appendix 5. Useful Web Site Reference Guide.
Glossary 1. Futures and Options Terminology.
Glossary 2. Securities Market Terminology.
Index .