Commodity Options: Trading and Hedging Volatility in the World’s Most Lucrative Market

Author:   Carley Garner ,  Paul Brittain
Publisher:   Pearson Education (US)
ISBN:  

9780137142866


Pages:   288
Publication Date:   19 March 2009
Format:   Hardback
Availability:   In Print   Availability explained
Limited stock is available. It will be ordered for you and shipped pending supplier's limited stock.

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Commodity Options: Trading and Hedging Volatility in the World’s Most Lucrative Market


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Overview

Don’t Miss out on Today’s Hottest Trading Arena: Commodity Options!   “The authors have written the definitive work on trading commodity options. Their in-depth knowledge of this subject is legendary among industry professionals and expert traders alike, and their ability to relay their knowledge through text, pictures, and the spoken word is unparalleled in our industry.” —Lan Turner, CEO, Gecko Software, Inc.   “This book captures the realities of commodity option trading in a simple and easy- to-read presentation that will be beneficial for traders of all sizes and skill levels.” —Chris Jarvis, CFA, CMT, Caprock Risk Management, LLC   “Even the most experienced investors often overlook the fact that options on futures are fundamentally different from options on stocks. This book fills that gap and sets the record straight with clear and concise descriptions that are easy to understand. Guaranteed to become a true source of value creation for anyone interested in trading commodity options.” —Jeff Augen, author, The Volatility Edge in Options Trading   “Commodity Options arms readers with the strategies and tactics needed to take a more active approach to managing risk in today’s turbulent markets. The authors exhaustively break down every component of a commodity option to its lowest common denominator, making this book an essential piece of information for those looking to expand their trading tool box or further build on existing option strategies.” —John Netto, Chief Investment Strategist, NetBlack Capital and author, One Shot—One Kill Trading   Investors worldwide are discovering the enormous opportunities available through commodity options trading. However, because commodities have differing underlying characteristics from equities, commodity ­options behave differently as well. In this book, two of the field’s most respected analysts present strategies built from the ground up for commodity options. Carley Garner and Paul Brittain begin with a quick primer on how commodity options work, how they evolved, and why conventional options strategies often fail in the commodity options markets. Next, using detailed examples based on their own extensive research, they show how to leverage the unique characteristics of commodity options in your own trades. You’ll walk through trades from “top to bottom,” master both long- and short-option approaches, and learn powerful strategies usually ignored in options books. For example, the authors introduce synthetic swing trading strategies that systematically reduce volatility from the market.   This book’s easy-to-use trading strategies are strategically employed by the author’s clients every day: With Commodity Options, you can work to put the odds in your favor, too!   • Why commodity options are different–and what it means to you Understand key differences in the underlying assets and the logistics of market execution • Systematically rewrite the odds in your favor Four ways to make winning trades more likely–and losing trades less common • When to trade short options–and how to manage the risk Why careful option selling may improve your odds of success • Master strategies designed for diverse market conditions Combine long and short options to create the right strategy for any market opportunity • Exploit short-lived trends through “synthetic” swing trading Get the advantages of futures contracts without the volatility

Full Product Details

Author:   Carley Garner ,  Paul Brittain
Publisher:   Pearson Education (US)
Imprint:   Financial TImes Prentice Hall
Dimensions:   Width: 18.30cm , Height: 2.60cm , Length: 24.60cm
Weight:   0.740kg
ISBN:  

9780137142866


ISBN 10:   0137142862
Pages:   288
Publication Date:   19 March 2009
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Out of Print
Availability:   In Print   Availability explained
Limited stock is available. It will be ordered for you and shipped pending supplier's limited stock.

Table of Contents

Introduction  xix Chapter 1: Option Basics: A Crash Course in Option Mechanics  1 Chapter 2: An Option Is an Option Is an Option…Think Again  11 Chapter 3: Long Option Strategies  35 Chapter 4: Short Option Strategies  53 Chapter 5: Credit Spreads  81 Chapter 6: Limited Risk Option Spreads  95 Chapter 7: Synthetic Swing Trading  105 Chapter 8: The Other Ratio Spreads  129 Chapter 9: Limited Risk Range Trades  139 Chapter 10: Synthetic Long Option Plays   151 Chapter 11: An Option Trade from Top to Bottom  165 Chapter 12: The Wizard of Oddz: Applying Option Strategies in the “Real World”  185 Chapter 13: Margins and Option Trading  197 Chapter 14: Commodity Trading Myths  203 Appendix  211 Glossary  215 Index  251

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Author Information

"Carley Garner--Senior Market Analyst and Broker,Stocks & Commodities Magazine Columnist and Industry Educator Carley Garner is a Magna Cum Laude graduate of the University of Nevada, Las Vegas, from which she earned dual bachelor's degrees in both Finance and Accounting. Upon completion of her education, Carley jumped into the options and futures industry with both feet and quickly became one of the most recognized names in the business. Within months in the business, she had published her first article in a nationally distributed periodical. She has been featured in the likes of Stocks and Commodities, Futures, Active Trader, Option Trader, Your Trading Edge, and Pitnews Magazine. Carley is often interviewed by news services such as Reuters and Dow Jones Newswire, and has been quoted by the Investor's Business Daily and the Wall Street Journal. She has also been known to participate in radio interviews. Her newsletters are widely distributed and focus on stock index and Treasury bond futures. She has worked hard to ""garner"" a loyal following and has become proactive in providing free trading education, for details visit www.CarleyGarnerTrading.com. Paul Brittain--Commodity Broker and Trading Veteran Paul Brittain entered the futures industry in 1983 and has experience in all aspects of the business. He has spent many years working with other market professionals to develop options and futures trading techniques suitable for almost every type of trader, individual, and commercial alike. He has been trading options on U.S. Exchanges since their inception, and is considered an options expert within the field. Based on his belief that a knowledgeable trader is a happy and more successful trader, he began to focus on customer education. He shares his experience as well as the trading methods he's developed through his dealings in the business throughout his lengthy career. Mr. Brittain has made a name for himself on the seminar circuit and is often invited to speak on expert panels sponsored by national publications. His writing has been featured in several industry publications including Futures and PitNews Magazine and he has had his trading experiences profiled in Trader Monthly (June/July 2005 issue). Additionally, he has dedicated himself to free online trader education. Currently he produces and publishes three newsletters, The Beast, The Big MacDaddy, and The Optionologist. Visit www.CommodityOptionstheBook.com for additional information on the authors."

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