|About the Book|
Oten dismissed for years by ill informed investors and financial advisors as a trading strategy too risky, selling options has made professional traders successful for years. Yet when asked to explain the strategy, few can do a thorough job of it.MoreOten dismissed for years by ill informed investors and financial advisors as a trading strategy too risky, selling options has made professional traders successful for years. Yet when asked to explain the strategy, few can do a thorough job of it. The Complete Guide to Options Selling avoids the same old tired trading philosophies as well as the newest fashionable technical indicator in favor of a fresh, simple approach that has as of yet, not commanded a book of its own. The book will avoid the dry, complex option theory and industry lingo that plagues many books about options and instead focus on bringing the mystic of option writing into a down to earth, common sense investing approach that the average investor can understand in one reading. The growing popularity of option writing is evident in todays investment community. Witness the rocket-like growth of managed futures funds (which sell naked options on the S&P).- Futures magazine identified the rapidly growing public appetite for articles about option selling and has already run 6-8 articles this year dealing exclusively with the subject of option writing (the authors of The Complete Guide to Options Selling have penned two of these - See March and August issues 2003). While option selling has been a staple strategy for the professional trader for many years, the public is just now awakening to the fact that the majority of options do expire worthless and that in exchange for assuming a bit more risk on each individual trade, a trader can produce surprisingly consistent results. The average investor just needs a text to explain how to do this. While many other option books on the shelves may have touched on the subject, none have explored the strategy of selling naked options exclusively, as a strategy in and of itself. Cordier and Gross intend to provide them with exactly that information.