The Option Trader's Hedge Fund (häftad)
Format
Häftad (Paperback)
Språk
Engelska
Antal sidor
240
Utgivningsdatum
2018-10-05
Upplaga
1
Förlag
Pearson Education
Medarbetare
Chen, Dennis / Sebastian, Mark
Dimensioner
225 x 155 x 15 mm
Vikt
340 g
Antal komponenter
1
ISBN
9780134807522

The Option Trader's Hedge Fund

A Business Framework for Trading Equity and Index Options

Häftad,  Engelska, 2018-10-05
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The Option Traders Hedge Fund provides traders with a resource that is not only actionable but interesting at the same time. They transform their extensive knowledge of option trading into an approachable means of educating investors of all types. Its as if the reader gains new trading confidants in Mark and Dennis.

--Tony Battista, Managing Director, tastytrade Financial Network

In The Option Traders Hedge Fund, Mark Sebastian and Dennis Chen introduce traders to option trading methods that have been utilized by hedge funds for years. This book will help all levels of option traders take their game to the next level.

--Russell Rhoads, CFA, Instructor, CBOE Options Institute

Thousands of books have been written about stock and option trading. Unfortunately most of these books are completely focused on individual trade structures, and the ones that focus on risk management are completely weighted to the equity side. Until now, nobody has adequately addressed the issue of risk management for investors holding a portfolio of options. Without a solid approach to risk management, no serious trading effort can ever scale. Hedge funds know that because they invest hundreds of millions, sometimes billions of dollars. This new book by Dennis Chen and Mark Sebastian bridges that gap. It is destined to find a place on thousands of desks of private option traders who seek to scale their strategies and effectively manage risk because every serious investor knows that not losing money is the best way to generate a profit.

--Jeff Augen, author of The Volatility Edge in Options Trading and Trading Options at Expiration

From trade selection to execution, risk mitigation, and volatility analysis, everything you need to know is contained within these pages. Whether you are a newcomer to the options market or a seasoned options veteran, the insight and analysis contained in this book will provide you with the proper framework for your options trading.

--Mark S. Longo, Founder of www.TheOptionsInsider.com and The Options Insider Radio Network

Want to earn steady, reliable income from options? Then you need to run your options portfolio as a business. This book will show you how. Hedge fund manager Dennis Chen and top options coach Mark Sebastian introduce a complete, practical insurance business framework for trading options: a framework built on techniques proven in the worlds largest financial institutions.

Chen and Sebastian identify the option concepts most critical to long-term success and present core income strategies based on selling rather than purchasing options. Next, using real-world examples, they walk you through setting up your option business, offering a complete operations manual for addressing every day-to-day issue youll face. Drawing on t...
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Övrig information

Dennis A. Chen is a hedge fund manager, investor, management advisor, and entrepreneur. He is the founder and Chief Investment Officer of Smart Income Partners, Ltd., a hedge fund specializing in generating income using index and equity options. Dennis has been investing and trading equities and options for many years. He has previously served as a management consultant at Bain & Company where he focused on financial services (banking and insurance). He was a principal at Diamond Technology Partners, Inc. As an entrepreneur, Dennis has purchased, improved, and sold several small businesses. He has experience in multiple industries, including banking, insurance, real estate, computer technology, Internet, publishing, advertising, construction, commodities, quick-service restaurants, and automotive. His broad business experience enables him to make better investment decisions at his hedge fund. Dennis earned his MBA from The Wharton School of Business. He also holds a Master's in Computer Science from Arizona State University and a Bachelor's degree in computer science from the University of Texas.Mark Sebastian is a former member of both the Chicago Board Options Exchange and the American Stock Exchange. He is the Chief Operating Officer of Option Pit Mentoring and Consulting, a Chicago-based option education firm. Sebastian has been published nationally on Yahoo! Finance and has been quoted in The Wall Street Journal, Reuters, Bloomberg, and on Jim Cramer's Mad Money show on CNBC. He has appeared on CNBC, Fox Business, and Bloomberg. He is an "all-star contributor" for The Street's Option Profits Team. Mark is also the Managing Editor for Expiring Monthly: The Option Traders Journal digital magazine focused exclusively on options trading. He has spoken for the CBOE, the ISE, CME, and VOLX; is a co-host on the popular Option Block podcast; and the Volatility Views podcast. Mark has a Bachelor's of Science in finance from Villanova University.

Innehållsförteckning

Introduction 1
Part I: The Framework
Chapter 1: The Insurance Business   5
Chapter 2: Trade Selection   19
Chapter 3: Risk Management   31
Chapter 4: Trade Execution   43
Chapter 5: The Trading Plan   55
Chapter 6: Trading Infrastructure   63
Chapter 7: Learning Processes   73
Part II: Implementing the Business
Chapter 8: Understanding Volatility   81
Chapter 9: Most Used Strategies   89
Chapter 10: Operating the Business: Putting Together TOMIC 1.0 from A to Z   121
Part III: Lessons from the Trading Floor
Chapter 11: Lessons from the Trading Floor on Volatility   131
Chapter 12: Lessons from the Trading Floor on Risk Management   145
Chapter 13: Lessons from the Trading Floor on Trading and Execution   155
Chapter 14: Lessons from the Trading Floor on the Other Greeks   173
Chapter 15: The Beginning   191
Appendix A: Recommended Reading   195
Appendix B: Strategy Learning Sequence   199
Appendix C: OptionPit.com   201
Appendix D: Kite Spread   203
Index   205