Publisher's Synopsis
Run time: 90 min. What's the biggest mistake most option tradersmake? It's sticking to just one specific option trading strategy,regardless of the underlying asset, claims CBOE instructor and"Trading Index Options" author James Bittman. By contrast, thetruly successful option traders pinpoint the most attractiveunderlying stock - and then select an option strategy basedon its precise characteristics.
Now, an in-depth new workshop from the "Trader's Hall of Fame"winner outlines precisely how to find the best stocks to use as afoundation for successful option trades -- and how to select theright strategies to trade them. From outright call & putpurchases, to naked put sales, covered call positions, spreads orcollars, Bittman provides step-by-step methods for choosing theright stocks and the perfect strategies for trading them - timeafter time. You'll even discover when outright purchase - or shortsale - of a stock is really the best option of all.
Bittman's five-star presentation highlights:
- The difference between "trading" and "investing" withoptions
- The psychology underlying long- and short-term stock-pricemoves
- An ARMS-based trading strategy - identifying overbought &oversold conditions
- The importance of determining support & resistance levelsfor timing entry/ exit points.
- Charting tools that aide in selecting prime tradingprospects
- Developing discipline and a definitive exit plan - the true keyto trading profits
"No strategy is the best in every situation, but one strategy isthe best in any one given situation," Bittman says - and inthis outstanding presentation he shows you exactly how to isolatethat strategy on your next options trade.