Compare Option Strategies: How To Compare Options and Choose Option Strategies That Work For You.

by Heather Cullen

Trading options can be overwhelming. With millions of options and hundreds of strategies to choose from, how do you decide which is best? Compare Option Strategies is a combined textbook and integrated workbook that gives you a logic and structure to making your decisions. The textbook covers basic option strategies, trading signals and candlestick patterns. The workbook guides you through choosing your options and comparing the results of different strategies. Most options traders lose money, and blow up their account. That's not pleasant. But how to switch from making losses to making profits? Compare Option Strategies will guide you and give you insight into what works and what doesn’t. The structured approach will completely change how you select and trade options. Tracking and assessing options trading strategies can be messy. There are so many choices it’s hard to work out what is the most profitable – and the least risky. We’ve all made trading spreadsheets and then puzzled about how to draw useful conclusions from them, and we’ve all used trading journals that are simply unhelpful lists on lined pages. Spreadsheets and notebooks don’t work because they don’t give you a structure to work with or guidance on what you should be doing. What you need is a systematic and easy way to work out what option strategies work and clarity about the results you will get. You’ll welcome the structure and the well-thought out way of recording your real trades and comparing them with paper trades of similar option strategies so that you can improve your trading profits. Beginner Trader? (This book assumes a basic understanding about options and how they work. If you are completely new to options, then I recommend you first read my book In The Money – Bull Market Strategy .)
You probably want to paper trade before jumping in. That’s wise. But paper trading doesn’t help unless you have the basic knowledge and a structure to guide you and help you evaluate the results.
The textbook covers types of options and shows you how to use an Option Calculator. Basic trading signals and candlestick patterns are covered so so that you can determine the best strategy to use. Compare Option Strategies is A4 (desk-sized) so that the charts and diagrams are clear and easy to understand, plus you can see everything about a trade on one opening.
The integrated workbook guides you through 50 different option trade comparisons. You can choose to do real trades and track the alternative strategies you could have chosen but didn't, or you can entirely paper trade until you are confident. That's true. But if you measure the wrong things then you manage the wrong things! The workbook will guide you to the right things. It will enable you to select options and make decisions based on real figures, and show you how to do evaluations to improve your options investing profits. The book has 2

195 pages, Paperback

Published March 2, 2022