| Description |
1 online resource (226 pages) |
| Series |
Bloomberg Financial ; v. 143 |
|
Bloomberg Financial
|
| Contents |
OPTIONS FORVOLATILEMARKETS; Contents; Preface; INTRODUCTION The "New Normal" in Equity Investing; CHAPTER 1 Option Basics; What Are Options?; Exercise and Assignment; Positions; How Options Are Traded; Options in Your Account; CHAPTER 2 Option Pricing and Valuation; Option Premium; Theoretical Value; Time Value; Volatility; Interest Rates; Dividends; Calls versus Puts; Option Skews and Anomalies; CHAPTER 3 The Basics of Covered Call Writing; Requirements for "Valid" Covered Writes; Risk/Reward of a Covered Write; Calculating Potential Returns; Major Factors Affecting Call-Writing Returns |
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Covered Writing as an Ongoing StrategySumming Up Covered Writing; CHAPTER 4 Implementing Covered Call Writing; Follow-Up Actions; Behavioral Issues; Differing Approaches; Selecting Calls to Write; Risks; Basic Tax Rules for Options; Summing Up Implementation; CHAPTER 5 Advanced Call-Writing Techniques; Writing Calls on "Hot" Stocks; Tax Deferral Strategies; Covered Writing on Margin; Covered Writing against Securities Other Than Stock; Partial Writing, Mixed Writing, and Ratio Writing; Put Writing; Expiration Games; Option-Stock Arbitrage; CHAPTER 6 Basic Put Hedging; Put Hedge Basics |
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AdvantagesDisadvantages; Behavioral Implications; Put Hedge versus Covered Call; Hedging against Catastrophic Risk; CHAPTER 7 Advanced Hedging Strategies; Put Hedge Follow-Ups; Using Put Spreads to Hedge; Collars; Conclusions on Protective Option Strategies; CHAPTER 8 Options on ETFs; ETFs in a Nutshell; ETF Options; Covered Call Writing on ETFs; Our Put Hedge and Collar Study on SPY; Appendix: Partial List of ETFs with Listed Options; CHAPTER 9 Volatility and Volatility Derivatives; What Is Volatility?; Using VIX as a Market Indicator; Volatility Futures; Variance Futures |
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The Behavior of VIX FuturesVIX Options; VIX Option Strategies; The Future; Acknowledgments; About the Authors; Index |
| Summary |
Practical option strategies for the new post-crisis financial market Traditional buy-and-hold investing has been seriously challenged in the wake of the recent financial crisis. With economic and market uncertainty at a very high level, options are still the most effective tool available for managing volatility and downside risk, yet they remain widely underutilized by individuals and investment managers. In Options for Volatile Markets, Richard Lehman and Lawrence McMillan provide you with specific strategies to lower portfolio volatility, bulletproof your portfolio against any catastrophe, a |
| Notes |
Print version record |
| Subject |
Stock options.
|
|
Investments.
|
|
Investments
|
|
Investments
|
|
Stock options
|
| Form |
Electronic book
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| Author |
McMillan, L. G. (Lawrence G.)
|
| LC no. |
2011012023 |
| ISBN |
9781118102640 |
|
1118102649 |
|
9781118022269 |
|
1118022262 |
|
