Details

<p>Acknowledgments ix</p> <p>Introduction xi</p> <p>1 The Covered-Write 2</p> <p>2 Verticals 28</p> <p>3 Collars and Reverse-Collars 64</p> <p>4 Straddles and Strangles 94</p> <p>5 Butterflies and Condors 126</p> <p>6 Calendar Spreads 156</p> <p>7 Ratio Spreads 190</p> <p>8 Backspreads 222</p> <p>Appendix: Final Exam 249</p> <p>Index 263</p>

<p><b>Anthony Saliba</b> is the founder of International Trading Institute, Ltd. (ITI), which has trained thousands of traders worldwide. He is a recognized pioneer and leader in the options industry. Saliba is quoted frequently in the financial media. In July 2007, Saliba’s firm, LiquidPoint, LLC, became part of BNY ConvergEx Group, a leading global agency brokerage and investment technology firm. Saliba is a director of BNY ConvergEx Group and continues to serve as president and CEO of LiquidPoint. <p>Joseph C. Corona is an adjunct instructor at ITI and is a frequent speaker at industry conferences. <p>Karen E. Johnson serves on the board of directors of ITI.

<p>Tools and tactics for sideways markets <p>Making trades in a directionless market can be a challenge, and directionless markets occur more frequently than bull and bear markets combined. Options pioneer and noted author Anthony J. Saliba provides readers with the tools and tactics to address a sideways market. Saliba focuses on strategies in the butterfly family of options—butterflies, condors, and iron butterflies—showing how to use these sophisticated tools in these markets. <p>This hands-on guide illustrates numerous market scenarios to show you step-by-step how and when to apply these butterfly strategies. You’ll find out how to identify, enter, manage, and exit a trade. Exercises and quizzes test your comprehension to help you obtain the knowledge to tackle directionless markets. <p>“With detailed and insightful discussions on strategy application and position management, this book offers a tactical approach—something I have not found in other books.”<BR> <i>Göran Ekman<BR> Head of Sales, Financial Training, OMX</i>

Hands down the definitive guide on spread trading. Must reading for any professional who wants to learn directly from one of the top leaders in the options industry.”<br /> —Larry Connors, CEO<br /> TradingMarkets.com<br /> <br /> “An excellent guide for learning how to trade option spreads. Saliba offers in-depth discussions on how and when to employ these advanced strategies and how to manage the risk of each position.”<br /> —Peter Lipski, trader<br /> Pan Capital<br /> <br /> “<i>Option Spread Strategies: Trading Up, Down, and Sideways Markets</i> is an invaluable addition to any market resource collection. The book concisely walks through the dynamics of spread strategies and guides the reader though the return and risk metrics of the trades. . . . This is a must-have book for anyone seriously undertaking options investing.”<br /> — Chip Norton, Managing Director of Research<br /> Fortigent

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