Options Demystified

A down-to-earth guide for understanding, trading, and making money from options
 Do you want to learn how to use options without getting lost in confusing theories and complicated math? Options Demystified takes the mystery out of options, providing you with concise descriptions of various option strategies and the basic knowledge you need to execute basic stock and commodity options trades. It also includes some of the more complex techniques like covered calls, spreads, straddles and hedges, and more.
 This unique, step-by-step guide uses short, snappy explanations and easy-to-understand examples along with chapter-ending quizzes and a 50-question final exam to give you the confidence you need to begin trading options like a pro. More important, the author reveals the psychological side of trading, so you keep a clear head in the heat of trading. You'll know why today's smartest investors and traders rely on the versatility of the options marketplace and how you can too!
 Look inside for hands-on details including:
 What kind of person makes the most successful options trader
 The pitfalls and mistakes that cost traders valuable time and money
 Types of options  stock, index, currency, financial futures, commodity, dealer, real estate, and employee incentive
 Puts versus calls, buying versus selling, which to use, why, and when
 Increasing income and limiting risk by selling covered options
 The risk and reward of selling naked options and why this strategy is so dangerous
 The importance of time and intrinsic value, and how to measure them using the delta factor
 Rules governing price change volatility, probability, and profitability
 LEAPS, the Forex market, commodities and financial futures, and sample strategies to play these markets