- Gebundene Ausgabe: 240 Seiten
- Verlag: Pearson Education (Us); Auflage: 01 (28. Mai 2012)
- Sprache: Englisch
- ISBN-10: 0132823403
- ISBN-13: 978-0132823401
- Größe und/oder Gewicht: 16,4 x 2,1 x 23,6 cm
- Durchschnittliche Kundenbewertung: Schreiben Sie die erste Bewertung
- Amazon Bestseller-Rang: Nr. 337.539 in Fremdsprachige Bücher (Siehe Top 100 in Fremdsprachige Bücher)
- Komplettes Inhaltsverzeichnis ansehen
The Option Trader's Hedge Fund: A Business Framework for Trading Equity and Index Options (Englisch) Gebundene Ausgabe – 28. Mai 2012
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The Option Trader s Hedge Fund provides traders with a resource that is not only actionable but interesting at the same time. They transform their extensive knowledge of option trading into an approachable means of educating investors of all types. It s as if the reader gains new trading confidants in Mark and Dennis.--Tony Battista, Managing Director, tastytrade Financial Network In The Option Trader s Hedge Fund, Mark Sebastian and Dennis Chen introduce traders to option trading methods that have been utilized by hedge funds for years. This book will help all levels of option traders take their game to the next level. --Russell Rhoads, CFA, Instructor, CBOE Options Institute Thousands of books have been written about stock and option trading. Unfortunately most of these books are completely focused on individual trade structures, and the ones that focus on risk management are completely weighted to the equity side. Until now, nobody has adequately addressed the issue of risk management for investors holding a portfolio of options. Without a solid approach to risk management, no serious trading effort can ever scale. Hedge funds know that because they invest hundreds of millions, sometimes billions of dollars. This new book by Dennis Chen and Mark Sebastian bridges that gap. It is destined to find a place on thousands of desks of private option traders who seek to scale their strategies and effectively manage risk because every serious investor knows that not losing money is the best way to generate a profit. --Jeff Augen, author of The Volatility Edge in Options Trading and Trading Options at Expiration From trade selection to execution, risk mitigation, and volatility analysis, everything you need to know is contained within these pages. Whether you are a newcomer to the options market or a seasoned options veteran, the insight and analysis contained in this book will provide you with the proper framework for your options trading. --Mark S. Longo, Founder of www.TheOptionsInsider.com and The Options Insider Radio Network Want to earn steady, reliable income from options? Then you need to run your options portfolio as a business. This book will show you how. Hedge fund manager Dennis Chen and top options coach Mark Sebastian introduce a complete, practical insurance business framework for trading options: a framework built on techniques proven in the world s largest financial institutions. Chen and Sebastian identify the option concepts most critical to long-term success and present core income strategies based on selling rather than purchasing options. Next, using real-world examples, they walk you through setting up your option business, offering a complete operations manual for addressing every day-to-day issue you ll face. Drawing on their extensive experience, they teach crucial lessons about maintaining discipline, managing volatility and risk, handling infrastructure and payments, and much more. To earn reliable income from options, you must be systematic, disciplined, and professional. As every expert trader knows, it s a journey. This book will guide you every step of your way.
- Trade options like The One Man Insurance Company
Why the TOMIC model is uniquely well suited for individual option traders
- Master the five essential components of high-profit option trades
Choose better trades based on market selection, direction, timing, volatility, and pricing
- Manage all your risks--including black swan risks
Use all the risk management tools at your disposal, from position sizing to diversification and the use of units
- Build and execute highly effective, efficient trading plans
Run your option trading business with strong discipline and cost control
Über den Autor und weitere Mitwirkende
Dennis A. Chen is a hedge fund manager, investor, management advisor, and entrepreneur. He is the founder and Chief Investment Officer of Smart Income Partners, Ltd., a hedge fund specializing in generating income using index and equity options. Dennis has been investing and trading equities and options for many years. He has previously served as a management consultant at Bain & Company where he focused on financial services (banking and insurance). He was a principal at Diamond Technology Partners, Inc. As an entrepreneur, Dennis has purchased, improved, and sold several small businesses. He has experience in multiple industries, including banking, insurance, real estate, computer technology, Internet, publishing, advertising, construction, commodities, quick-service restaurants, and automotive. His broad business experience enables him to make better investment decisions at his hedge fund. Dennis earned his MBA from The Wharton School of Business. He also holds a Master s in Computer Science from Arizona State University and a Bachelor s degree in computer science from the University of Texas.
Mark Sebastian is a former member of both the Chicago Board Options Exchange and the American Stock Exchange. He is the Chief Operating Officer of Option Pit Mentoring and Consulting, a Chicago-based option education firm. Sebastian has been published nationally on Yahoo! Finance and has been quoted in The Wall Street Journal, Reuters, Bloomberg, and on Jim Cramer s Mad Money show on CNBC. He has appeared on CNBC, Fox Business, and Bloomberg. He is an all-star contributor for The Street s Option Profits Team. Mark is also the Managing Editor for Expiring Monthly: The Option Traders Journal digital magazine focused exclusively on options trading. He has spoken for the CBOE, the ISE, CME, and VOLX; is a co-host on the popular Option Block podcast; and the Volatility Views podcast. Mark has a Bachelor s of Science in finance from Villanova University."
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I have read most of the top books on options that are available, but this one stands out in it's practicality and it's ability to lay out a solid framework for options trading as a business. Where most books either stay too theoretical, rely too much on analogies, make unrealistic promises, or focus too much on a single strategy I find The Option Trader's Hedge Fund gave me not only the theory but also practical information that has improved my trading.
Of particular value is the explanation of the various positions that may be traded along with under what conditions it each position will perform best. Beyond that there is a discusion on managing each type of position, such that a clear plan is laid out for most situations you might encounter. What I find particularly unique and valuable are the details on how to adjust each position for various circumstances along with the setup of what volatility environment and skew curves work best for each position. This level of detail is not something I have found in any other books on the subject - at least not presented in such a practical way.
This book has improved my trading and saved me many times the price just in helping me learn how to better manage positions I was already trading. It's been even more valuable by helping me identify under what conditions I should be trading various positions. I view it as essential reading for anyone trading options. Of all the options books I have read, this one is the most useful and valuable to me. This is the one I pull out when planning trades. This is the one I pull out when I need to manage or adjust a position. I'm just a regular guy with a famly and a job who's doing his best - maybe if you are a pro it's not as valuable to you, but for me it's the most valuable options book I have.
I am also grateful for The Options Insider radio and The Option Block podcast and Mark Sebastian's contributions to those free resources. That's how I found out about this gem!