Get Rich with Options: Four Winning Strategies Straight from the Exchange Floor, 2nd Edition

Lee Lowell



A detailed guide to successfully trading stock and commodity options

After numerous years as an options market-maker in the trenches of the New York Mercantile Exchange, few analysts know how to make money trading options like author Lee Lowell. Now, in the Second Edition of Get Rich with Options, Lowell returns to show you exactly what works and what doesn't.

Filled with in-depth insight and expert advice, this reliable resource provides you with the knowledge and strategies needed to achieve optimal results within the options market. It quickly covers the basics before moving on to the four options trading strategies that have helped Lowell profit in this arena time and again: buying deep-in-the-money call options, selling naked put options, selling option credit spreads, and selling covered calls.

• Breaks down four of the best options trading strategies currently available
• Explains how to set up a home-based business with the best options trading software, tools, and Web sites
• Contains detailed discussions of how options can be used as a hedging or speculating instrument

With this book as your guide, you'll quickly see options in a whole new light and learn how to become part of a small group of investors who consistently win.

Table of Contents

Preface to the Second Edition.
Acknowledgments.

PART ONE: THE OPTION BASICS.
CHAPTER 1: It's All about the Calls and Puts.
CHAPTER 2: How Options are Priced.
CHAPTER 3: Options Volatility.
CHAPTER 4: Stock versus Options.
CHAPTER 5: Option Selling Is your Key to Success.

PART TWO: THE STRATEGIES.
CHAPTER 6: Buy All the Stock You Want for Half the Price.
CHAPTER 7: Getting Paid to Buy Your Favorite Stock.
CHAPTER 8: Option Credit Spreads: The All-Star Strategy.
CHAPTER 9: A Day in the Life of the Market Maker.
CHAPTER 10: Put Your Stocks to Work—Sell Covered Calls.
CHAPTER 11: A Bonus Strategy: Ratio Option Spreads.

PART THREE: GETTING READY TO TRADE.
CHAPTER 12: Tools of the Trade.
CHAPTER 13: Brokers and Commissions.

Conclusion.
Index.