The Options Workbook : Fundamental Spread Concepts & Strategies for Investors and Traders

Acknowledgments v Introduction vii Basic Concepts: Options Vernacular 1(26) The Building Blocks of Options: Introduction to Calls and Puts 27(36) Synthetic Relationships 63(18) Directional-Neutral Strategy: The Covered Call 81(8) Directional Strategies: Vertical Spreads 89(20) Portfolio Insurance: The Collar 109(8) Nondirection Dependent Strategies: Straddles and Strangles 117(16) Strategies for Directionless Markets: Butterflies, Condors, Iron Butterflies 133(22) Exploring Volatility 155(26) Volatility Spreads: Ratio Spreads and Backspreads 181(16) The 21st Century Trader: Current Technology and Its Evolution 197(16) Appendix A Final Examination 213(13) Appendix B A Word with Tony Saliba 226(4) Appendix C Contributor Profiles 230(3) Appendix D Saliba's Top Four Favorite Sites for Options Trading and Trading Tools 233(11) Appendix E Option Strategies: Profit and Loss Snapshots 244(13) Index 257