The Options Playbook
The Options Playbook is your ultimate guide to mastering option trading for any market condition. Author Brian Overby offers clear, easy-to-understand explanations of over 40 popular option strategies, all broken down into a play-by-play format. First published in 2009, the expanded second edition includes 10 new plays and 56 pages of additional content, covering a brief history of options, common mistakes, an expanded glossary, managing option positions, and much more. The book provides strategies for beginner options traders like covered calls and cash-secured puts, as well as more advanced tactics like price spreads, straddles, and strangles. It also covers essential risk management principles, including setting profit targets and stop losses, managing expiration dates, and understanding the "Greeks" that measure an option's sensitivity to variables like underlying price and volatility.
ABOUT THE BOOK
The Options Playbook by Brian Overby is a comprehensive guide designed to demystify options trading for investors at all levels.
Throughout, Overby traces the historical evolution of options trading, from its unregulated beginnings to modern standardized exchanges and marketplaces.
It features a "Rookie's Corner," addressing the basic definitions and concepts you need to understand the options market.
For more experienced option traders, an expanded section on implied volatility explains how this handy variable can be used to find the potential range of the stock over the options life.
ABOUT THE AUTHOR
Brian Overby is a bestselling author and educator with more than 30 years of experience in the financial services industry.
Prior to The Options Playbook, he was an Options Trading Specialist for Charles Schwab and has held positions with the CBOE and Knight Trading Group.
He has conducted thousands of trading seminars worldwide and written hundreds of articles on investing.