Get Rich with Options: Four Winning Strategies Straight from the Exchange Floor by Lee Lowell

This week's featured book on options trading:

Get Rich with Options: Four Winning Strategies Straight from the Exchange Floor
by Lee Lowell
Wiley (October 2009)

From the publisher: The best way to learn about options is by listening to someone who knows how the business works. After numerous years as an options market-maker in the trenches of the New York Mercantile Exchange (NYMEX), few analysts are more familiar with how to make money trading options than 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.

In order to survive and thrive in today's financial markets, you must seriously consider the use of options in your investment endeavors. Options allow you to reap the same benefits as an outright stock or commodity trade, but with less risk and less money on the line. The truth is, you can achieve everything with options that you would with stocks or commodities—at less cost—while gaining a much higher percentage return on your invested dollars.

Updated to reflect today's dynamic times, this reliable resource provides you with the knowledge and strategies needed to achieve optimal results within the options arena. It quickly covers the basics—from how options are priced to using volatility to your advantage—before moving on to the four options trading strategies that have helped Lowell capture profits time and again: buying deep-in-the-money call options, selling naked put options, selling option credit spreads, and selling covered calls.

While none of the strategies highlighted here have changed since the first edition—because they're still as sound and successful as they've ever been—more examples of Lowell's favorite strategies are included in this Second Edition. In addition to outlining his proven options trading strategies, Lowell also shows you how to set up your own home business with the best options trading software, tools, and Web sites.

Options can be an essential part of your portfolio, when used properly. The Second Edition of Get Rich with Options shows you exactly what it takes to make it in this field and will put you in a better position to profit from the power of options. With this book as your guide, you'll quickly discover how—through safer speculation and hedging techniques—selling options can generate immediate income.

Also available: Get Rich with Options (Kindle edition). Learn more about the Amazon Kindle, a wireless reading device.

Day Trading Options: Profiting from Price Distortions in Very Brief Time Frames by Jeff Augen

This week's featured book on options trading:

Day Trading Options: Profiting from Price Distortions in Very Brief Time Frames
by Jeff Augen
FT Press (October 2009)

From the publisher: Today's equity markets have become a gambling casino where stock prices are often unrelated to the underlying performance of the companies they represent. The result has been the greatest destruction of wealth in history, and long-term investors have been the victims. At the same time, the environment for short-term technical trading has come to be dominated by computerized algorithmic trading systems. Technical traders must now compete with supercomputers that process millions of data items each second and make investment decisions at the individual "tick" level. These systems have completely invalidated many approaches to technical analysis and charting that worked well just a couple of years ago.

But many options traders continue to profit in this environment. They enter and exit the market at very specific times with trades that are structured to capitalize on well-characterized pricing anomalies and distortions. Many of these approaches generate more profit in a single month than most investors achieve in an entire year. In Day Trading Options, top options trader Jeff Augen shows exactly how you can use these strategies to generate outstanding profits with minimal risk. You'll learn new approaches to evaluating option prices by comparing overnight, intraday, and traditional measures of volatility. At the same time, Augen introduces a new charting technique that can be used to spot the beginning and end of a short term trend--often as brief as a few minutes. You'll discover how this approach can be used to trade planned events and financial news. These new strategies and approaches will help you adapt to the new investing world and allow you to trade profitably regardless of the market's direction.

Options Volatility Trading: Strategies for Profiting from Market Swings by Adam Warner

This week's featured book on options trading:

Options Volatility Trading: Strategies for Profiting from Market Swings
by Adam Warner
McGraw-Hill (September 2009)

From the publisher: Trading options is not for the faint of heart, but with Options Volatility Trading you can develop the confidence and know-how you need to gain a distinct advantage over other traders.

Whether you’re just starting out or currently managing a portfolio, Options Volatility Trading provides a solid cornerstone of up-to-date knowledge on the underlying mechanics of volatility trading. Written by an experienced trader and educator, this thorough guidebook incorporates expert analysis and real-world research to explain volatility trading for options.

While exploring a variety of strategies for riding market swings, Options Volatility Trading shows you how to:

 • Buy and sell according to the volatility trend
 • Manage long and short gamma positions
 • Handle the swings of expiration week
 • Effectively use double and triple leveraged ETFs
 • Utilize put/call ratios to your advantage

You will learn where and when to look for certain types of trades and what happens to volatility at various times of the year ... and different days of the week.

Options Volatility Trading is your road map to becoming an enlightened trader who can navigate the information-rich path of volatility to find profits in any type of market.

The Stock Option Income Generator: How to Make Steady Profits by Renting Your Stocks by Harvey C. Friedentag

This week's featured book on options trading:

The Stock Option Income Generator: How to Make Steady Profits by Renting Your Stocks
by Harvey C. Friedentag
Wiley (October 2009)

From the publisher: A straightforward guide to generating consistent income by selling call options on selected stocks.

The Stock Option Income Generator outlines a low-stress approach to making predictable profits no matter what the state of the overall market. Harvey Friedentag, a registered investment advisor who has been successfully using this strategy for more than thirty-six years, shows how to pick stocks and then sell call options against those stocks to generate a constant source of income. With this book, you'll quickly learn to ...

 • Make consistent profits in the stock market and increase your gains
 • Protect stock holdings from price declines, cutting your losses
 • Profit from big market moves as well as sideways moves
 • Receive a controllable tax shelter from an option income portfolio
 • Buy more stocks for less money.

Friedentag's strategy is ideal for anyone who wants to generate better returns than the overall market averages, with less risk, and receive the benefits of tax-advantaged investing.

Also available: The Stock Option Income Generator (Kindle edition). Learn more about the Amazon Kindle, a wireless reading device.