Trading Weekly Options: Pricing Characteristics and Short-Term Trading Strategies
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A comprehensive resource for understanding and trading weekly options
Weekly options are traded on all major indices, as well as high volume stocks and ETFs. They continue to surge in popularity, accounting for as much as twenty percent of daily options volume. And while existing options strategy can be used with weeklys, they are particularly conducive to premium selling strategies and short-term trades based on a news item or technical pattern. With this timely guide, and its companion video, you’ll learn exactly how to use weeklys to make more money from option selling strategies and how to make less expensive bets on short-term market moves.
Written by Russell Rhoads, a top instructor at the CBOE’s Options Institute, Trading Weekly Options + Video skillfully explains the unique pricing and behavioral characteristics of weekly options and shows how to take advantage of those unique features using traditional option strategies.
- The first book and video combination product focused solely on weekly options
– Outlines the most effective trading strategies associated with weekly options, including taking advantage of the accelerating time-decay curve when an option approaches expiration
– Filled with the practical, real-world insights of author Russell Rhoads, an expert in this field
– Created with both the experienced and beginning option traders in mind, this book and video package will help you make the most of your time trading weekly options.
Description
While the Chicago Board of Options Exchange (CBOE) first introduced short-dated options—or “weeklys” as they’re more commonly known—in 2005, it wasn’t until the summer of 2010, when the CBOE launched short-term equity options, that weeklys really took off. In the few years since then, short-dated options have surged in popularity. Now traded on all major indices, as well as high-volume stocks and ETFs, weekly options currently account for as much as twenty percent of daily options volume.
The first and only guide devoted exclusively to trading weekly options, this book/video package fills you in on everything you need to know to take full advantage of the many profit opportunities available in this burgeoning financial market.
Written by options trader and CBOE instructor Russell Rhoads, Trading Weekly Options begins with a brief history of weeklys and an introduction to short-term option contract terms, expiration dates and symbols. This is followed by a series of chapters that provide in-depth coverage of the full range of short-term options currently available, including contracts on short-term indices, stocks, and exchange-traded products.
Featuring a wealth of real-world examples, expert insights, and insider tips, the second half of Trading Weekly Options:
- Explains the unique pricing and behavioral characteristics of weekly options
- Schools you in a proven approach to capitalizing on those features using traditional option strategies
- Arms you with time-tested methods for capitalizing on the time-decay characteristics of short-dated options
- Shows you how to take advantage of the accelerating time-decay curve as an option nears expiration
- Describes techniques for combining longer-dated options with contracts that have a few days remaining until expiration
Produced for traders of all levels of experience, the accompanying ninety-minute online video course covers both weekly options basics and advanced strategies not covered in the book, including methods for combining contracts on unique exchange traded funds, trading earnings announcements, and sophisticated index option trading strategies.
Offering a complete blueprint for getting started in and profiting, to the max, in one of the most exciting areas of today’s financial markets, Trading Weekly Options is an indispensable resource for experienced and beginning options traders alike.
