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

Lee Lowell

Sep 2009 · Sold by John Wiley & Sons

About this ebook

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.

Ratings and reviews

I was able to trade options no problem after reading this book. Not for people with a gambling mentality. The author stresses that you need an understanding of probability and statistics. I'm glad he noted that the long purchases are speculative, and spent time focusing on better winning strategies. He does not go deep into more advanced strategies, but the strategies he discusses do work.

Superb theory into action .

AÀA BOSS NETWORK

About the author

Lee Lowell is one of America's leading options professionals and is the coeditor of Mt. Vernon Research's Xcelerated Profits Report and Editor of Instant Money Trader and Triple-Zone Profit Trader. He has been an options trading professional for seventeen years and spent six years in the options trenches as a market-maker on the floor of the New York Mercantile Exchange (NYMEX). After leaving the floor in 1998, Lowell started, and currently runs, his own home-based trading business—actively trading commodity options and futures, stocks, stock options, ETFs, and e-mini futures. He's had numerous articles published in leading financial magazines, including Futures and Technical Analysis of Stocks and Commodities, as well as articles posted on options-related Web sites such as www.optioninvestor.com and www.esignal.com. Lowell is also the author of the first edition of Get Rich with Options (Wiley).