Find out how options really work with this complete introduction to options valuation and trading. In this revised and expanded edition, top options expert Courtney Smith details the ins and outs of this lucrative, yet complex, financial instrument. From the working fundamentals to the most innovative pricing models, Option Strategies gives you the information you need to make a wise and successful investment. Whether you want to bull up or bear down, buy puts or sell calls, here's where you'll find:
Descriptions of option basics: carrying charges, transaction costs, underlying instruments, and premiums
Details on advanced strategies: bull, bear, and calendar spreads; straddles and strangles; synthetic longs and shorts
"Decision Structures" that enable you to select an appropriate options strategy and evaluate its risks and rewards in various market environments
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