
"Guy Cohen is the master when it comes to taming the complexities of options. From buying calls and puts to iron butterflies and condors, Guy explains these strategies in a clear and concise manner that options traders of any level can understand. His chapter on options and taxes is especially welcomed (and needed). The Bible of Options Strategies is a straightforward, easy-to-use reference work that should occupy a space on any options trader's bookshelf." —Bernie Schaeffer, Chairman and CEO, Schaeffer's Investment Research, Inc. "The author delivers clarity, insight and perception making learning about options a joy, and practicing the art of making money that much easier: truly a bible from a guru." —Alpesh B. Patel, Author and Financial Times Columnist "Guy Cohen truly makes learning about options easy in this fact-filled guide. Bullet points make for a quick and enlightened read, getting to the heart of what you really need to know about each options strategy. This book is a must for any serious trader's library." —Price Headley, Founder, BigTrends.com Pick the right options strategies...implement them step-by-step...maximize your profits! Introducing today's first and only comprehensive reference to contemporary options trading! OptionEasy creator Guy Cohen identifies today's popular strategies...and tells you exactly how and when to use each one and what hazards to look out for! It's all here.... Basic Strategies including: Buying and shorting shares, calls, and puts.
Each trading strategy spread type comes with a legend icons that tell you their purpose, like a tropical island emoji tells you its for unlimited capital gains, and an arrow emoji tells you what market direction it is about, and you also get a feel for its risk before hand, and you could flip through many strategies and narrow down on something that meets your objectives even though you never heard of it before, and learn more deeply about it. Then you could see how other strategies were just variations and tweaks to the prior one.
But the real difference was that when I was trying to learn about options, most literature was telling me about what happened at the end of the trade, at "expiration", but practically nothing about options trading involves exercising an option, its so tone deaf. Options trading is about trading the price differences as they fluctuate through their life span. This book was good for acknowledging that.
I loved trading butterflies on Thursday-Friday. Butterflies are a form of debit spread.