Option Strategies for Directionless Markets: Trading with Butterflies - Iron Butterflies - and Condors (Bloomberg Financial)

Option Strategies for Directionless Markets: Trading with Butterflies, I

If you know the right strategies, you can profit by trading options in a sideways, or directionless, market. (This is fortunate because directionless markets occur more frequently than bull or bear markets.) This hands-on workbook teaches you the most important trading strategies and how to apply them. You'll find out how to identify, enter, manage, and exit a trade. The special format makes it easy to learn; illustrations, exercises, what-if scenarios, and quizzes have you mastering the material in no time. The butterfly family of option strategies is covered, including: butterflies, iron butterflies, condors, broken-wing butterflies, pterodactyls, and iron pterodactyls. The greeks--delta, gamma, vega, and theta--are also covered. Understanding the greeks is essential to deciding how to apply the strategies. If you are a professional or an active individual trader, you can benefit from this book.