No-Hype Options Trading: Myths, Realities, and Strategies That Really Work

This book is for experienced option traders that have a good understanding of the option Greeks and how options work. New option traders will likely get lost in this information. The option plays presented get a little complicated for traders that are use to only profiting from buying something and it going up. This book shows how to profit from playing options in ways that profit from different strike months, theta decay, and betting that a stock or index will not trade to a certain price over a specific time period.The goal of this book is to show the reader how to profit and generate consistent income through trading options with delta neutral strategies. Most of these strategies profit in range bound markets with a wide profit area. They also get the bulk of their profits from theta deterioration, you sell options and they go down in value each day. This book shows the benefits and drawbacks of different types of butterflies, condors, calendar spreads, and diagonal spreads.The book shows you ways to trade options that give you a long term advantage and turns the odds in your favor so you become the "House" like in a casino.For example, the iron condor is often positioned in such a way as to theoretically give you an 85% probability of success. However the author warns that the key to not having 8 nice wins and giving back all your profits on your 9th and 10th trades is proper risk management for the losers. You must control your losses by adjusting or closing your positions for any of the methods in this book to give you a long term advantage.Freeing yourself from the need to predict the market's direction is very powerful.The book gives great advice about the basics of trading. Develop a trading plan, follow your rules, cut your losses, do not second guess yourself. Losses are a part of your trading business. Also insurance costs money in trading whether it is a planned stop or a option hedge.This book gives you many examples of how to trade these strategies and advises to get comfortable and scale in size slowly. Your early trades are to learn, not to make money.Great book for intermediate traders looking to generate income through delta neutral option strategies.

I have a stack of option books. Regardless of what is touted on their covers, most merely explain the fundamentals of options. I am certainly not the most advanced investor, but I do need more than the elementary teaching repeated again with different words and more line graphs. I feel like I have read a host of cookbooks that diagram the cow showing cuts of meat and take pride in describing the different varieties of tomatoes but stop short of a recipe. Academics are great when your stomach is full but become frustrating when you are hungry. Dr. Duke's book, thankfully, was written with the hungry investor in mind. Sure, I need to learn this but I also want to do this.Dr. Given provides some brief introductory information in the beginning, which is either a necessary basic for the beginner or a nice refresher for the experienced. But, he quickly launches forward with recipes for those ready to eat - specific strategies to produce income. These are not the speculative, directional trades for those clever enough to know where the market is going, but clearly taught methods to attempt to earn modest income regardless of the market's direction. He not only explains how to enter the trade, but more importantly, when to exit a trade based on your experience and risk tolerance. Also, he is one of the few that actually include adjustment suggestions for when the strategies come under fire, which they will. To me, this may have been the book's best feature."No Hype" does not just apply to the methods described in the book but describe his overall approach. To his credit, there are no snake oil pitches, no silly carrots dangled about becoming rich or annoying appeals to a hub website or subscription services. Winsomely, almost as an afterthought placed at end the book is a website address even given, which provides a free blog, as well as a couple of subscription services.In sum, this is just a terrific book for those searching for the practical instead of the theoretical, seeking consistent returns instead of a lottery ticket and that learn best from those that practice a craft than just merely teaching it. After reading it, I am ready to enter my trade kitchen and cook and I haven't felt that way with any other option book collecting dust in my stack.

Sono un Trader per hobby e sto cercando di diventare un professional traders.Il libro di Kerry Given è uno dei più precisi sinceri e ricchi di suggerimenti operativi che abbia mai letto.Stomportando avanti un'operatività Iron Condor descritta nel libro, ed è precisamente aderente a quantosuggerito nel libro.Grazie Kerry ..

Perhaps nothing "NEW", and definitely no "SECRETS", but the manner it is presented makes it stick out above the rest. Clearly written by someone who is approaching the activity from a starting point very much like my own; a conservative retail options operator for whom trading commissions are a factor to consider (and overcome).Well done Dr Given!

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