Preface ix
Acknowledgments xiii
Part One The Option Basics
CHAPTER 1 It’s All about the Calls and Puts 3
CHAPTER 2 How Options Are Priced 15
CHAPTER 3 Option Volatility 27
CHAPTER 4 Stocks versus Options 45
CHAPTER 5 Why Option Selling Is Your Key
to Success 57
Part Two The Strategies
CHAPTER 6 Buy All the Stock You Want for
Half the Price 71
CHAPTER 7 Getting Paid to Buy Your
Favorite Stock 93

CHAPTER 8 Option Credit Spreads:
The All-Star Strategy 115
CHAPTER 9 A Day in the Life of the
Market Maker 159
CHAPTER 10 Put Your Stocks to Work—
Sell Covered Calls 171
CHAPTER 11 A Bonus Strategy: Ratio
Option Spreads 185
Part Three Getting Ready to Trade
CHAPTER 12 Tools of the Trade 203
CHAPTER 13 Brokers and Commissions 209
Conclusion 217
Index 221