The Option Trader's Workbook A Problem-Solving Approach

Successful options trading requires extensive practice. With The Option Trader's Workbook, Second Edition,you can get all the hands-on practice you need, without risking a dime! Updated with the newest trading techniques, it contains hundreds of realistic problems for beginners, intermediate-level traders, and even experts. You'll walk through trades designed to profit from changing prices and volatility, time decay, and many other factors. This edition's new problems include: CBOE Weekly Options Expiration options; using collars, covered calls, and covered puts to structure income-generating trades with well-defined risk profiles; using ratio and variance trading, VIX options, and volatility ETFs; and much more. Fully explained solutions are provided for every problem.

Jeff Augen, currently a private investor and writer, has spent more than a decade building a unique intellectual property portfolio of databases, algorithms, and associated software for technical analysis of derivatives prices. His work, which includes more than a million lines of computer code, is particularly focused on the identification of subtle anomalies and price distortions. As cofounding executive of IBM's Life Sciences Computing business, he defined a growth strategy that resulted in $1.2 billion of new revenue and managed a large portfolio of venture capital investments. From 2002 to 2005, he was President/CEO of Turbo Worx, a software company founded by the chairman of the Department of Computer Science at Yale University. A regular contributor to Stocks, Futures, and Options magazine, Augen also teaches advanced options classes at the New York Institute of Finance. His most recent books include Microsoft Excel for Stock and Option Traders, Trading Realities, Trading Options at Expiration, Day Trading Options, and The Volatility Edge in Options Trading.