Options Trading Body of Knowledge, The: The Definitive Source for Information About the Options Industry
Product Author Bios
Michael C. Thomsett has authored dozens of financial books, notably on the topics of options. These include Options Trading for the Conservative Investor (FT Press); Winning with Options (Amacom Books); The LEAPS Strategist (Marketplace Books); and the best-selling Getting Started in Options (John Wiley & Sons), now in its 8th edition with over 250,000 copies sold.
Thomsett is also author of The Investment and Securities Dictionary (McFarland), named by Choice Magazine as an Outstanding Academic Book for 1988, and many other investment and trading books. Before starting his professional writing career in 1978, Thomsett was an accountant. He also spent seven years as a consultant in the financial services industry with clients including securities broker/dealers, insurance master agencies, and insurance companies. He has been an active options trader since the mid-1970s.
Thomsett lives in Nashville, Tennessee, and writes full time.
“The author has written a truly complete reference book on options trading, from basics to strategies to taxes and theory. Newcomers to options can quickly find a clear explanation of terms or strategies they aren’t familiar with, and experienced traders can expand their understanding of how complex strategies are created.”
--Jim Bittman, author, Trade Options Like a Professional
“For a new perspective about options, I recommend Michael Thomsett’s comprehensive The Options Trading Body of Knowledge. Traders at all levels will enjoy his easy-to-read style as he explains options from A to Z. The options industry has needed a reference like this for a long time.”
--Marty Kearney, Senior Staff Instructor, The Options Institute
The Comprehensive, Up-to-Date Reference for Every Options Trader
- By Michael C. Thomsett, author of the global best-seller Getting Started in Options
- Illuminates virtually every technique and form of options trading--including options on futures and ETFs
- Helps you consistently choose the right options strategies and understand your true risks
Options offer investors multiple opportunities to enhance their profits. However, options trading is complex, and the sheer scope of available strategies can overwhelm traders. Today, options can support a wide range of strategies, from high risk to conservative. Moreover, options are available not only for stock equities but also for futures, indices, and mutual funds. To trade successfully, traders need an authoritative, up-to-date guide to all the strategies available to them. Now, renowned options expert and best-selling author Michael C. Thomsett has created the definitive reference for options traders at all levels of experience.
Thomsett systematically illuminates each key technique and strategy: how trades are structured, how to assess risk, and when each strategy is most applicable. For most strategies, Thomsett presents detailed tables and illustrations identifying profit zones, loss zones, and breakeven points.
This book thoroughly explains how option premium develops based on various elements of value, walks through the calculation of returns on options trading, discusses how federal taxation works in the options market, shows how stocks are picked for options trading, and provides a complete glossary and additional resources for traders.
- Thoroughly Comprehend Options Trading Risks
- Systematically evaluate risks associated with markets, volatility, inflation, taxation, portfolios, and knowledge
- Understand All the Elements of Value in an Options Trade
Master concepts ranging from time-to-expiration to implied volatility
- Use the Right Strategies at the Right Time
Know when to use covered calls, spreads, straddles, combinations, and synthetic positions
- The Options Marketplace: History, Evolution, and Trends
Understand both the “forest” and the “trees”
8 of 8 people found the following review helpful
Thomsett Succeeds in Imparting Options Knowledge,
This review is from: The Options Trading Body of Knowledge: The Definitive Source for Information About the Options Industry (Hardcover)Thomsett' book may be viewed as three books in one or as a three part book;
Part 1 (first 80 pages) provides a concise and clear expose of what every trader/investor needs to know about securities (stocks and options) as elements of a well managed portfolio for a high rate of return with manageable levels of risk. Part 2 (110 pages) lists most any options strategy that you can think of, in a format suited for review and reference. Part 3 (90 pages) provides a comprehensive glossary and reference list for books and on-line sources for option traders.
Thomsett's introduction to History of Options is fascinating, especially since it refers to Aristotle's `Politics' from 350 B.C. and Tulipmania in 1637 AD, elucidating an excellent distinction between well thought out strategy vs. greed driven crowd following. The entire presentation is excellent. I wish the numerous paragraphs of prose were also interspersed with a few more figures to break up the monotony of thousands of... Read more
2 of 3 people found the following review helpful
not his best work,
Amazon Verified Purchase(What's this?)
This review is from: The Options Trading Body of Knowledge: The Definitive Source for Information About the Options Industry (Hardcover)The book is an ok review or reference book, but for the beginner, go with Getting Started in Options , much better! This title is one to add to complete your info source. But McMillan Options as a Strategic Investment is much better resource.
The Kindle version title is misleading!,
Amazon Verified Purchase(What's this?)
This review is from: The Options Trading Body of Knowledge: The Definitive Source for Information About the Options Industry (Hardcover)Before you buy this book in the Kindle version make sure you read all of the reviews. I did not and wasted $2.99 because all you get is the Intro and chapter 1.
Robert L. Nelms
aka a very disgruntled and careless reader!
› See all 5 customer reviews...
Online Sample Chapter
Table of Contents
Chapter 1: Market Overview 5
Chapter 2: Market Risks 19
Chapter 3: Elements of Value 35
Chapter 4: Return Calculations 49
Chapter 5: Options and Stock Selection 63
Chapter 6: Option Taxation 73
Chapter 7: Option Strategies A-C 81
Chapter 8: Option Strategies D-P 107
Chapter 9: Option Strategies R-Z 139
Chapter 10: Online Resources 191
Chapter 11: Option Print Resources 195
Chapter 12: Option Glossary 199
Appendix: Options Listings 273
Download the sample pages (includes Chapter 1 and Index)
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