Options Exposed PlayBook: The Most Popular and Profitable Online Option Strategies of All Time

185 Pages·2015·3.95 MB·English

by  Don Singletary

There is no substitute for a good reference book of strategies,
definitions, and trading
ideas like those found in this book. Every modern option trader using
fast on-line fills
and low commission rates - has to learn to rely on himself if he or she
wishes to trade
with the confidence it takes to make money consistently.
Copyright © 2015 by Don A. Singletary. All rights reserved. Printed in the
United States of America. Except as permitted under the United States
Copyright Act of 1976, no part of this publication may be reproduced or
distributed in any form or by and means, or stored in a database or retrieval
system, without the prior written permission of the author.
All rights reserved.
ISBN-13: 978-1512042214 (print)
ISBN-10: 1512042218 (print)

This publication is intended to provide training information and commentary on the subjects covered. It is
sold with the understanding that neither the author nor the publisher is engaged in rendering legal,
accounting, or securities trading, or other professional services. If legal advice or other expert assistance is
required, the services of a competent professional person should be sought.
Any stocks or trades, observations, and opinions based on real or fictitious equities, are used for illustration
and teaching purposes only in this book-and are not intended to be trading advice on any specific equities or
products.
OPTIONS EXPOSED PLAYBOOK
THE MOST POPULAR AND PROFITABLE OPTION STRATEGIES OF ALL TIME
BY DON A. SINGLETARY

Options Exposed PlayBook: Monthly INCOME
– Learn to trade Credit Spreads low-risk , profit 10-20% in less than 30-days
on risks as low as $250-$500 per trade.

A 25 year trading veteran shows you how to trade smart and Option
Selling to make regular monthly/weekly income. If you are already
trading options and losing money, this could be the most important
option book you will ever read.
These are the trading skills and strategies that can make you money the
rest of your life – monthly and weekly income.
Plus you get a free download:
SPECIAL BONUS CHAPTER FREE
with excerpts from mybook OPTIONS MONTHLY INCOME
3 STRATEGIES
THAT WORK SO WELL
THE PRO’S TRY to SELL THEM TO YOU
OPTION TRADING DEFINITELY OFFERS WAYS TO INVEST SMARTER;
YOU LEARN TO USE STRATEGIES WHERE YOU CAN HAVE MORE
CONTROL OVER THE RISKS YOU TAKE AND USE LEVERAGED
TRADES TO SAVE YOU MONEY AND PROVIDE OPPORTUNITIES
THAT STRAIGHT STOCK INVESTMENTS CANNOT OFFER. THIS
OPENS UP NEW POSSIBILITIES FOR TRADING, MANY THAT MIGHT
NOT HAVE BEEN AFFORDABLE IN ANY OTHER WAY.
Simple language and modern methods of learning option trading. You get step-by-
step basics in an OPTIONS PLAYBOOK with 30+ powerful strategies.
Options Exposed
PLAYBOOK
THE MOST POPULAR AND PROFITABLE

ONLINE OPTION STRATEGIES
OF ALL TIME

D A. S
ON INGLETARY
· You can use options to make money every month or every quarter.

· Learn to use Covered-Calls and roll-out strategies to decrease the

cost basis of stocks in your tax-deferred accounts.
· Trading Options Online is one of the fastest growing segments for

personal investors.
Plus you get a free download
FREE BONUS CHAPTER
“3 Strategies That Work So Well the Pro’s Try to Sell
Them to You”
Even if you’ve never traded Options before, you can step up immediately to
make monthly and weekly income by trading smart with strategies that
work for online option trading.

Table of Contents

Preface
Why Online Option Trading, Why this Book, and Why Now?
How to Use this Book
1 Welcome to Online Option Trading
Options for Income
Protection and Hedges
Speculation
The Attractions of Option Trading
Contact Information
2 Basic Theory: CALLS and PUTS
Options are contracts with obligations and rights.
Terminology
OPTION PRICING
COMPONENTS OF AN OPTION’S PRICE
INTRINSIC VALUE
TIME VALUE
IMPLIED VOLATILITY or IV%
TIME-DECAY
Using On-line Trading Platforms
Option Premium Major Components
Volatility, Standard Deviation, and Probability of Profit
Basic Four
Characteristics of Options
Delta
3 The Amazing Covered CALL Strategy
Another Great Advantage of Selling Covered CALLS
How to Reduce Your Cost Basis in Stocks by Continuously Selling Covered Calls
The Most Common Mistake in Trading
4 Selling Naked Calls and Puts
Theta
Other Strategies Using Naked Options
More Getting Paid for What You Would Do Anyway
The Well-Rounded Options Education
5 Opening Your Online Trading Account
6 How Online Trading Increases Your Chances of Success
Margin Requirements
Using Online Scans for Stocks
Stock Scans
Lateral Considerations for Finding Trades
7 PLACING ONLINE ORDERS FOR VARIOUS TYPES OF OPTION TRADES
8 Options for Income
Selling Options
Selling Options: What Can Go Wrong
There Are No Non-Professional Traders
Volume and Open Interest Vol & OI
9 BUYING CALLS
Managing the Long CALL position:
How Understanding Probability Can Reduce Trade Cost
10 BUYING PUTS
Nominal Distribution of Probability and a Stock’s Price Movement
11 Option Spread Trading
More Option Terms:
CALL BULL SPREAD
PUT BULL SPREAD
CALL BEAR SPREAD
PUT BEAR SPREAD
12 VERTICAL CREDIT SPREADS
VERTICAL BULL CREDIT SPREAD
13 VERTICAL DEBIT SPREADS
Vertical Spreads: Doing the Math
14 TRADEOFFS AND RISK ASSIGNMENT
Why Spread Trading Options is Key to Your Success
15 Passive Directional Trading
16 Collars and Synthetics
Trading Synthetics
OTHER SYNTHETICS

17 WEEKLY OPTIONS AND MINI-OPTIONS
Weekly options
Mini Options
18 Friendly Advice
Good News for the Reader
Distractions
Mistakes
Paper Trading
Find Your Comfort Zones
Cautionary Words
19 Resources
OIC Options Information Council
OptionsExposed.net
Free Training Programs
ADVANCED STRATEGIES FOR EXPERIENCED TRADERS
20 Strangles and Straddles
LONG STRANGLE
SHORT STRANGLE
THE IRON CONDOR
LONG STRADDLE
SHORT STRADDLE
21 Ratio Spreads
SHORT RATIO CALL SPREAD
LONG RATIO CALL SPREAD

LONG RATIO PUT SPREAD
SHORT RATIO PUT SPREAD
COVERED RATIO CALL SPREAD
22 Condors and Butterflies
LONG CALL CONDOR
LONG PUT CONDOR
LONG CALL BUTTERFLY
SHORT CALL BUTTERFLY
LONG PUT BUTTERFLY
SHORT PUT BUTTERFLY
23 THE CALENDAR SPREAD
ABOUT THE AUTHOR
SPECIAL BONUS CHAPTER 3 Strategies That Work So Well the Pro’s Try to Sell Them to You