Options traders most commonly focus on calls: the right to purchase stock if prices rise. The 2008 stock market crash demonstrated just how misguided this singular emphasis can be: thousands of investors suffered massive losses they could have avoided through the careful, defensive use of strategies based on puts instead of calls. Now, for the first time, there’s a comprehensive, balanced guide to using puts to create profits, protect stock positions, and hedge against all types of risk. Renowned expert Michael C. Thomsett, author of the #1 options best-seller Getting Started in Options, introduces powerful “defensive” strategies that are typically ignored or deemphasized in most other options books: indispensable techniques for any investor anticipating a market decline, now or in the future. Thomsett shows how to use long puts to ensure paper profits in stock or to offset losses, even when stocks decline steeply and quickly; how to apply puts in straddles and spreads, in multi-part strategies that prevent losses and hedge risks; how to identify opportunities to create cash flow by selling limited-risk naked puts to create cash flow, and much more. These defensive strategies balance out the “you can’t lose” approach seen in all too many options books. What’s more, Thomsett’s clear writing style, complemented by dozens of easy-to-understand tables, graphics, and examples, makes it easy for any investor to apply these strategies successfully.
About the Author
Michael C. Thomsett is a widely published author with over 70 published books. He is especially known for his options publishing. His books include Options Trading for the Conservative Investor and The Options Trading Body of Knowledge (FT Press), Winning with Options (Amacom Books), The LEAPS Strategist (Marketplace Books) and the best-selling Getting Started in Options (John Wiley & Sons) which has sold over 250,000 copies and was released in 2009 in its 8th edition. Thomsett also writes on many stock market investment topics. His Investment and Securities Dictionary (hardcover McFarland & Company and paperback Macmillan General Reference) was named by Choice Magazine as an Outstanding Academic Book of the Year. He also wrote The Mathematics of Investing (John Wiley & Sons), The Stock Investor's Pocket Calculator (Amacom) and Stock Profits (FT Press). The author lives near Nashville and writes fulltime. His Web site is www.MichaelThomsett.com.
Book Details
- Hardcover: 240 pages
- Publisher: FT Press; 1 edition (December 21, 2009)
- Language: English
- ISBN-10: 013701290X
- ISBN-13: 978-0137012909
- File Size: 1.4 MiB
- Hits: 668 times
