A comprehensive resource for understanding and trading weekly options
Weekly options are traded on all major indices, as well as high volume stocks and ETFs. They continue to surge in popularity, accounting for as much as twenty percent of daily options volume. And while existing options strategy can be used with weeklys, they are particularly conducive to premium selling strategies and short-term trades based on a news item or technical pattern. With this timely guide, and its companion video, you’ll learn exactly how to use weeklys to make more money from option selling strategies and how to make less expensive bets on short-term market moves.
Written by Russell Rhoads, a top instructor at the CBOE’s Options Institute, Trading Weekly Options + Video skillfully explains the unique pricing and behavioral characteristics of weekly options and shows how to take advantage of those unique features using traditional option strategies.
- The first book and video combination product focused solely on weekly options
- Outlines the most effective trading strategies associated with weekly options, including taking advantage of the accelerating time-decay curve when an option approaches expiration
- Filled with the practical, real-world insights of author Russell Rhoads, an expert in this field
Created with both the experienced and beginning option traders in mind, this book and video package will help you make the most of your time trading weekly options.
Cuprins
Preface ix
Acknowledgments xi
Chapter 1 Introducing Weekly Options 1
Chapter 2 Short-Term Index Options 9
Chapter 3 Weekly Options on Equities and Exchange-Traded Products 19
Chapter 4 Option Pricing Factors and Short-Dated Option Contracts 25
Chapter 5 Time Decay and Short-Dated Options 31
Chapter 6 Implied Volatility and Weekly Options 39
Chapter 7 Developing Your Trading Plan 55
Chapter 8 Long Option Trades 61
Chapter 9 Short Option Trades 69
Chapter 10 Covered Calls and Buy-Writes 83
Chapter 11 Hedging with Short-Dated Options 97
Chapter 12 Bullish Spread Trading 113
Chapter 13 Bearish Spread Trading 131
Chapter 14 Neutral Spread Trading 147
Chapter 15 Split Strike Long Spreads 165
Chapter 16 Calendar Spreads 187
Chapter 17 Diagonal Spreads 201
Chapter 18 Trading Earnings Releases with Short-Dated Options 215
Chapter 19 Leveraged Exchange-Traded Products 235
Chapter 20 VIX-Related Exchange-Traded Products 243
About the Video 247
About the Author 249
Index 251
Despre autor
RUSSELL RHOADS, CFA, is an instructor for the Options Institute at the Chicago Board Options Exchange. He teaches about 90 classes a year and conducts webinars on behalf of the CBOE and a variety of brokerage firms. Rhoads’s twenty-year trading career has included positions at a variety of trading firms and hedge funds. His background includes trading and analysis, and he is the author of the Wiley titles Trading VIX Derivatives, Candlestick Charting for Dummies, and Option Spread Trading. Rhoads graduated with an MS in finance from the University of Memphis and a master’s certificate in financial engineering from the Illinois Institute of Technology.