Options Made Simple
A Beginner's Guide to Trading Options for SuccesseBook - 2012
An option is a binding contract that gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a specific price on or before a certain date ¨C it has strictly defined terms and properties.
Options are very versatile and allow you to change your position according to the situation ¨C they can be speculative or conservative depending on your trading strategy, but the risk can be mitigated by having a firm basic understanding.
The Made Simple series is the perfect vehicle for this content as readers are taken stepystep through everything they need to know about trading options ¨C including what can go wrong! ¨C and can work out which strategies they are most comfortable with.