Product Description

The Options Playbook was created to demystify option trading and teach investors different option plays for all market conditions. No confusing jargon. No unnecessary mumbo-jumbo. Just clear, easy-to-understand explanations of more than 30 of the most popular option strategies (or plays ) broken down into a play-by-play format including:
Play Name: Long Call, Short Call Spread, Iron Condor, etc.
The Setup: The goals and reasons to run each play
Who Should Run It: Rookies, Veterans or All-Stars, based on degree of difficulty
When To Run It: Describes each play as bullish, bearish or neutral
The Strategy: A detailed Overview of each strategy

The Options Playbook also features a "Rookie's Corner," which addresses common mistakes made by beginning options traders and suggests strategies to on how to "get your feet wet". There are also sections on implied volatility (explaining how it can be predictive of the future price movement of the underlying equity), basic option terms described in easy-to-understand language, a description of how time decay and a change in implied volatility will affect the trade after it s in place, and a basic description of the Greeks and how they measure certain variables that affect options pricing. You ll also find a variety of options trading tips for beginning and experienced traders throughout the guide.
The Options Playbook is a valuable reference for Option Traders of all levels. Not only does it explain complex subjects like Implied Volatility and 'the Greeks' in a manner that is easy to understand, it does so with humor and an appealing wit. It's the kind of resource you will reach for every time you make an option trade.

Product Details

• Amazon Sales Rank: #351668 in Books
• Published on: 2007-08-26
• Binding: Spiral-bound
• 101 pages

Review

For latest version of The Options Playbook please search in Amazon for The Options Playbook, Expanded 2nd Edition. Sixty pages of new content has been added to the original playbook. --Brian Overby
TradeKing Senior Options Anaylst and Author of The Options Playbook 1st and 2nd Edition



I think The Options Playbook is outstanding. The structure is logical and informative, and the text is quite amusing. Of course, since Brian is a former colleague, we at CBOE take some of the credit for his creative genius. --Edward L. Provost
Executive Vice President
Chicago Board Options Exchange

I think The Options Playbook is outstanding. The structure is logical and informative, and the text is quite amusing. Of course, since Brian is a former colleague, we at CBOE take some of the credit for his creative genius. But we can t take credit for the considerable time and effort that went into writing such a fine book. --Edward L. Provost
Executive Vice President
Chicago Board Options Exchange

About the Author
Brian Overby is TradeKings Director of Education. He has been in the financial industry since 1992, with a background in market making, retail brokerage, and investment banking. During his career, Mr. Overby has given more than 1,000 seminars worldwide on option trading and composed numerous articles for investor trade publications.
TradeKing is the #1 Online Discount Broker, as ranked by SmartMoney Magazine in 2006 and 2007 (Commissions, Interest Rates, Mutual Funds, Investment Products, Banking Amenities, Trading Tools, Research, Customer Service).
No consideration was paid for any testimonials displayed on this website. Your experience may vary, and the testimonials are no guarantee of future performance or success.
Options involve risk and are not suitable for all investors. It is possible to lose more money than invested. (Although we like to think you'll be smart.) Before making any investment decisions, please read Characteristics and Risks of Standardized Options, available at:
content.tradeking.com/wiki/display/tkservice/Characteristics+and+Risks
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Customer Reviews

The New Bible For Option Trading
The book lives up to its name. It gives you an easy-to-read breakdown of 30 different option trading strategies, as well as more covering the key factors involved with trading. A gold mine for beginners; a great reference for veterans. Another worth having in your personal library.

Makes Options very Understandable
This book is outstanding! I have taken options classes and read a few books on the subject, if I had this book in the first place, I would have saved my self lots of time and some money. It is VERY user friendly, and a little entertaining. Buy a copy for yourself, and one to lend out!
Kathryn, Astatula FL

The cure for investment anxiety
I purchased this book as a possible resource for a client who wanted to learn about the options market, and, after reading it, I began to recommend it to everyone I know who's into or has investments. This book explains, in 'plain' language, how to use options to protect the value of the stock you own, and make money with anxiety-free options trading. The presentation of the material is clear and straightforward, as it should be, because it is designed to be a working manual for the TradeKing service. It was a stroke of genius to call this a playbook, because work it is not. The convenient format makes it possible to lay it out flat - the book is very well designed.

This book may be too simple for those, who like me, are skilled at predictive methods and the math behind the markets, but, for new investors and those who want to make more out of their current investments, it has plenty to offer. This playbook is a much better investment than one of the courses sold on TV or the internet that cost more than 10 times as much, and is one of the best first steps on the path of options trading that I've ever seen.