<p><i>"With the techniques and strategies contained within these pages, you have everything you need to beat any hedge fund manager."</i></br> <b> JARED LEVY</b> <p>Options offer investors a relatively safe, inexpensive way to invest and hedge risk. Despite the rarefied jargon involvedsuch as "backwardation," "pin risk," and "volatility smile"options trading is also much simpler than most people thinkonce you've mastered the basics. <p>Enter <i>Your Options Handbook</i>your complete, A-to-Z guide to understanding, entering, and succeeding in the options market. Options wunderkind Jared Levy patiently walks you through the market from a professional's perspective. He introduces you to the market mechanics and the players, explains how options are priced, and schools you in the essentials of trading psychology. <p>His simple, plain-English explanations of everything from calls and puts to valuation and spreads significantly shorten the learning curve typically associated with options trading. And his step-by-step presentations, illustrated with helpful real-world examples, make major trading techniques and methodologiesas well as the complex mathematics informing themeasy to digest, even for the most math-averse reader. <p><i>Your Options Handbook</i> provides a framework for developing an approach to options trading tailored to your unique goals and personality. Levy helps you to identify what kind of trader you are, in terms of tolerance for risk, analytical versus intuitive thinking style, long- and short-term goals, budget, and other key factors. Then, in a series of chapters devoted to specific trading strategies, he helps you design an approach suited to your profile.