The Option Trader's Workbook: A Problem-Solving Approach - Paperback

by Jeff Augen (Author)

Successful options trading requires extensive practice. Most options books offer theory and strategies, but don't offer the practice needed to prepare for real-world trades, where the wrong split-second decisions can cost you dearly. Expert trader Jeff Augen covers every key scenario you'll encounter in modern options trading, guides you through successful trade executions, and shows how to overcome key pitfalls that trip up most traders. You'll walk through trades designed to profit from changing prices and volatility, time decay, rapid price spikes, and many other factors.

• New CBOE Weekly Options Expiration options, and their unique pricing dynamics.
• Using collars, covered calls, and covered puts to structure income-generating trades with well-defined risk profiles.
• Using ratio trading, VIX options, volatility ETFs, and variance trading to generate profits from shifts in volatility.

Back Jacket

The one thing readers should understand is that Jeff Augen is truly dedicated to educating traders at all levels. Instead of handing out answers, Jeff wants to make sure they understand the concepts he is teaching. He recognizes the value of being able to apply basic knowledge to new situations. Adapting and building on techniques and strategies has made Jeff Augen successful.
--Michelle Gebhardt, Executive Editor, Stocks, Futures, and Options magazine

• Using precisely tuned ratio trades to profit in virtually any environment
• Structuring income-generating trades with well-defined risk profiles
• Capitalizing on trades containing both stocks and options
• Mastering the unique dynamics of CBOE weekly options expiration trades
• Using VIX options to take advantage of unusual volatility arbitrage situations

Author Biography

Jeff Augen, currently a private investor and writer, has spent more than a decade building a unique intellectual property portfolio of databases, algorithms, and associated software for technical analysis of derivatives prices. His work, which includes more than a million lines of computer code, is particularly focused on the identification of subtle anomalies and price distortions.