LEE LOWELL is one of America’s leading options professionals and is the coeditor of Mt. Vernon Research’s Xcelerated Profits Report and Editor of Instant Money Trader and Triple-Zone Profit Trader. He has been an options trading professional for seventeen years and spent six years in the options trenches as a market-maker on the floor of the New York Mercantile Exchange (NYMEX). After leaving the floor in 1998, Lowell started, and currently runs, his own home-based trading business—actively trading commodity options and futures, stocks, stock options, ETFs, and e-mini futures. He’s had numerous articles published in leading financial magazines, including Futures and Technical Analysis of Stocks and Commodities, as well as articles posted on options-related Web sites such as www.optioninvestor.com and www.esignal.com. Lowell is also the author of the first edition of Get Rich with Options (Wiley).

• Preface to the Second Edition ixAcknowledgments xiiiPart One: The option basics 1CHAPTER 1: It’s All about the Calls and Puts 3CHAPTER 2: How Options are Priced 15CHAPTER 3: Option Volatility 27CHAPTER 4: Stocks versus Options 47CHAPTER 5: Option Selling Is Your Key to Success 57Part Two: The strategies 69CHAPTER 6: Buy All the Stock You Want for Half the Price 71CHAPTER 7: Getting Paid to Buy Your Favorite Stock 93CHAPTER 8: Option Credit Spreads: The All-Star Strategy 121CHAPTER 9: A Day in the Life of the Market Maker 173CHAPTER 10: Put Your Stocks to Work—Sell Covered Calls 185CHAPTER 11: A Bonus Strategy: Ratio Option Spreads 205Part Three: Getting Ready to Trade 227CHAPTER 12: Tools of the Trade 229CHAPTER 13: Brokers and Commissions 235Conclusion 243Index 247

LEE LOWELL is one of America’s leading options professionals and is the coeditor of Mt. Vernon Research’s Xcelerated Profits Report and Editor of Instant Money Trader and Triple-Zone Profit Trader. He has been an options trading professional for seventeen years and spent six years in the options trenches as a market-maker on the floor of the New York Mercantile Exchange (NYMEX). After leaving the floor in 1998, Lowell started, and currently runs, his own home-based trading business—actively trading commodity options and futures, stocks, stock options, ETFs, and e-mini futures. He’s had numerous articles published in leading financial magazines, including Futures and Technical Analysis of Stocks and Commodities, as well as articles posted on options-related Web sites such as www.optioninvestor.com and www.esignal.com. Lowell is also the author of the first edition of Get Rich with Options (Wiley).

• Preface to the Second Edition ixAcknowledgments xiiiPart One: The option basics 1CHAPTER 1: It’s All about the Calls and Puts 3CHAPTER 2: How Options are Priced 15CHAPTER 3: Option Volatility 27CHAPTER 4: Stocks versus Options 47CHAPTER 5: Option Selling Is Your Key to Success 57Part Two: The strategies 69CHAPTER 6: Buy All the Stock You Want for Half the Price 71CHAPTER 7: Getting Paid to Buy Your Favorite Stock 93CHAPTER 8: Option Credit Spreads: The All-Star Strategy 121CHAPTER 9: A Day in the Life of the Market Maker 173CHAPTER 10: Put Your Stocks to Work—Sell Covered Calls 185CHAPTER 11: A Bonus Strategy: Ratio Option Spreads 205Part Three: Getting Ready to Trade 227CHAPTER 12: Tools of the Trade 229CHAPTER 13: Brokers and Commissions 235Conclusion 243Index 247