Options for Volatile Markets: Managing Volatility and Protecting Against Catastrophic Risk, 2nd Edition - Couverture rigide

Lehman

Couverture rigide

ISBN 10 : 1118022262 ISBN 13 : 9781118022269

Editeur : Bloomberg Press, 2011

Synopsis

Practical option strategies for the new post-crisis financial market Traditional buy-and-hold investing has been seriously challenged in the wake of the recent financial crisis. With economic and market uncertainty at a very high level, options are still the most effective tool available for managing volatility and downside risk, yet they remain widely underutilized by individuals and investment managers. In Options for Volatile Markets, Richard Lehman and Lawrence McMillan provide you with specific strategies to lower portfolio volatility, bulletproof your portfolio against any catastrophe, and tailor your investments to the precise level of risk you are comfortable with. While the core strategy of this new edition remains covered call writing, the authors expand into more comprehensive option strategies that offer deeper downside protection or even allow investors to capitalize on market or individual stock volatility. In addition, they discuss new offerings like weekly expirations and options on ETFs. For investors who are looking to capitalize on global investment opportunities but are fearful of lurking "black swans", this book shows how ETFs and options can be utilized to construct portfolios that are continuously protected against unforeseen calamities. A complete guide to the increased control and lowered risk covered call writing offers active investors and traders Addresses the changing investment environment and how to use options to succeed within it Explains how to use options with exchange-traded funds Understanding options is now more important than ever, and with Options for Volatile Markets as your guide, you'll quickly learn how to use them to protect your portfolio as well as improve its overall performance.

A propos du livre

Quatrième de couverture

Praise for Options FOR Volatile Markets, Second Edition

"Once again, McMillan and Lehman have created new and insightful updates into the world of derivatives trading. Every time you think you′ve mastered the game, these two industry titans prove you wrong. It′s uncanny. In fact, let me put it this way: If you think you know options markets, think again."
Richard Bensignor, President and Chief Strategist at Bensignor Strategies, Inc.; Editor of New Thinking in Technical Analysis

"Highly recommended for serious investors aiming to protect their portfolios from the next ′black swan′ event. It′s not a question of ′if′ but ′when.′ Be prepared with the tactics in this book."
Donato A. Montanaro, Jr., Chairman and CEO, TradeKing

"Options for Volatile Markets provides the reader with time–tested option strategies for capital appreciation, income generation, and limiting losses. As discovered during the financial hurricane of 2008, asset diversification is not enough. Properly implemented, option strategies can be the difference between financial success and failure during volatile times."
Kenneth G. Winans, CMT, MBA, President and Founder, Winans International; award–winning author and Forbes.com columnist

"The ′new normal′ post–2008 world involves more than just lower returns, it comes with an overhang of serious risk to boot. This book provides clear strategies to both boost returns and protect against ′fat–tail′ risks that can destroy capital."
Stephen Savage, Managing Partner, Litman/Gregory Asset Management

"Successful investment management over time is not driven by how much one makes, but rather by how much one consistently does not lose. The best investors and traders of which I know focus first on risk management and secondly on profit maximization. After witnessing the financial market volatility of the last decade, absolute returns and consistency of those returns should be a key objective of institutional as well as retail investors going forward. Lehman and McMillan provide a roadmap of creative, intelligent, and purposeful options strategies for achieving exactly this."
Brian Pretti, CFA, CFP, Chief Investment Officer, Mechanics Bank

Biographie de l'auteur

RICHARD LEHMAN is the founderof RHL Capital, a registered investment advisor, and a part–time instructor of behavioral finance and options at UC Berkeley Extension. He is also the author of Far From Random, and publishes an investment newsletter called the Channelist. Lehman′s financial career spans more than thirty years in product management, marketing, sales, and investment management beginning with an eleven–year stint on Wall Street with E.F. Hutton & Co., Thomson McKinnon Inc., and the New York Stock Exchange.

LAWRENCE G. McMILLAN is the founder and President of McMillan Analysis Corporation. He authors the Daily Volume Alerts, a unique daily service that selects short–term stock trades by looking for unusual increases in equity option volume. McMillan manages option–oriented accounts for individual investors and also publishes the Option Strategist, a derivative products newsletter covering equity, index, and futures options. McMillan′s web site, www.optionstrategist.com, twice received a "Best of the Web" award from Forbes magazine. He is the coauthor, with Richard Lehman, of the first edition of this book and the author of McMillan on Options (Wiley) and Options as a Strategic Investment.

Détails de l'édition

• Éditeur: Bloomberg Press
• Date d'édition: 2011
• ISBN 10: 1118022262
• ISBN 13: 9781118022269
• Reliure: Relié
• Langue: anglais
• Numéro d'édition: 2
• Nombre de pages: 224