In a clear, simple style, this book provides actionable knowledge and guidance essential for trading options, specifically selling options profitably:
● Options terminology, option Greeks, the option chain and open interest
● Understanding the factors that determine option pricing
● Why option selling is more profitable than buying options
● How to select the right options to trade
● How to sell options with relative safety
● Hedged option strategies suitable for individual option traders
● How to avoid common trading mistakes
● How to manage ongoing option trades if they start going wrong
● How to determine where the market is headed in the near term
● Invaluable learnings from the author's successes and mistakes in his real-life trading.
"If I can do it, so can you!" says Ashish Singh the author of this book. He adds further: "Who doesn't like money? I do, too. I trade options in order to have a decent second source of income, with relatively low capital, in addition to my salary from a full-time job".
Ashish Singh has successfully been trading options for more than a decade. An IT professional, he is a self taught trader. In his own words: “I got interested in the Indian stock market and how it works. Gradually, I heard about derivatives trading, started reading about it, and was completely awestruck by all the permutation and combinations it offers a trader.
Since I had the cushion of a job to financially support my passion, I started trading after the 2008 market crash. Markets were in a recovery mode at that time, so buying options gave me good profits but the real lessons — read, losses — I learnt when the markets were stagnant in 2010. Through this book, I am sharing with you my decade-long experience and learnings of options trading, particularly selling options.