To protect portfolios in today's volatile and uncertain market environment, institutional investors need to hedge losses, create extra sources of income, and reduce risk. In his extensively updated and expanded Options Trading for the Institutional Investor, Third Edition, renowned options expert Michael C. Thomsett shows how to do all this effectively.
One step at a time, Thomsett helps you exploit powerful, carefully chosen options strategies that can dramatically increase overall returns as you manage risks within your institution's limits. Writing specifically for institutional investors, Thomsett discusses covered call writing on carefully selected stocks, contingent purchase strategies, and powerful "combination" strategies that produce cash to bolster current income. Thomsett guides you through every strategy, using actual examples, portfolios, and graphs taken directly from today's markets. Wherever applicable, he addresses specific forms of risk and volatility that only institutional investors face.
This thoroughly updated Third Edition includes a chart-based analytical method that relies on reversal signals in the underlying as an alternative to volatility analysis. Thomsett presents new chapters on two powerful strategies he has developed and utilized to optimize returns while minimizing risk: the 1-2-3 Iron Butterfly, and the Dividend Collar. This edition also adds detailed new coverage of risk evaluation.
Table of Contents
Chapter 1 Setting the Ground Rules 1
Chapter 2 Option Basics 15
Chapter 3 Options in Context 61
Chapter 4 Chart-Based Analysis 97
Chapter 5 Managing Profits and Losses 121
Chapter 6 Options as Cash Generators 143
Chapter 7 The 1-2-3 Iron Butterfly 169
Chapter 8 The Dividend Collar 179
Chapter 9 Alternatives to Stock Purchase 193
Chapter 10 Option Strategies in Down Markets 217
Chapter 11 Combination Conservative Techniques 251
Chapter 12 Risk Evaluation Techniques 281
Chapter 13 Stock Selection and the Option Contract 291
Appendix: Option Trading Strategies 315
Purchase Info ?
With CourseSmart eTextbooks and eResources, you save up to 60% off the price of new print textbooks, and can switch between studying online or offline to suit your needs.
Once you have purchased your eTextbooks and added them to your CourseSmart bookshelf, you can access them anytime, anywhere.
$24.99 | ISBN-13: 978-0-13-381173-5