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The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

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07 de Fev de 2023

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Table of Contents
Title Page
Copyright Page
Dedication
Preface
HOW TO USE THIS BOOK
PREPARATION IS THE KEY
Acknowledgement...

CHAPTER 3 - What Determines an Option’s Price?
OVERVIEW
FACTORS AFFECTING OPTION PRICING
FORECASTING OPTION PRICES
FINAL T...

CHAPTER 7 - Long Call
OVERVIEW
STRATEGY EXAMPLES
BEYOND THE BASICS
FINAL THOUGHTS
CHAPTER 8 - Long Put
OVERVIEW
STRATEGY E...

FINAL THOUGHTS
CHAPTER 12 - Iron Condor
OVERVIEW
STRATEGY EXAMPLES
BEYOND THE BASICS
FINAL THOUGHTS
CHAPTER 13 - Unbalance...

CHAPTER 17 - Calendar Spread
OVERVIEW
STRATEGY EXAMPLES
BEYOND THE BASICS
FINAL THOUGHTS
CHAPTER 18 - Diagonal Spread
OVER...

OVERVIEW
STRATEGY EXAMPLE
BEYOND THE BASICS
FINAL THOUGHTS
PART FOUR - Comparing Underlying Instruments
CHAPTER 23 - Compa...

OVERVIEW
WHAT IS A FUTURES CONTRACT?
STOCK INDEX FUTURES OPTION
BONUS SECTION
FINAL THOUGHTS
PART FIVE - Advanced Topics
C...

CONTROLLING RISK
FINAL THOUGHTS
CHAPTER 30 - Margin
OVERVIEW
STOCK, ETF, INDEX, AND FUTURES MARGIN
COMPARING MARGIN
MARGIN...

Founded in 1807, John Wiley & Sons is the oldest independent publishing
company in the United States. With offices in Nort...

Copyright © 2009 by Michael D. Mullaney. All rights reserved.
Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
P...

index futures / Michael D. Mullaney.
p. cm. - (Wiley trading series)
Includes index.
eISBN : 978-0-470-47129-6
1. Options ...

To my wife, Sue, for her support, encouragement,
and guidance along the way.
To my daughter, Melissa, who has always made ...

Preface
Why should you read a book on options? Rapid and severe declines in the stock
market demonstrate that the buy and ...

but the examples, tables, and graphs add great clarity; as they say, a picture is
worth a thousand words. The presentation...

HOW TO USE THIS BOOK
The Complete Guide to Option Strategies is intended to be a reference book,
although it also can be r...

Part Two: The Four Basic Option Strategies
Chapters 7 to 10 cover the four basic strategies. Part Two includes
Chapter 7, ...

From what I can tell, the Greeks seem to scare new (and some experienced)
traders. The Greeks are tools that tell you how ...

Examples assume an initial XYZ stock price of $100 a share, consistent
option pricing for both puts and calls, rounded opt...

concerns is to open an account at a brokerage firm and trade in a practice
account (also called paper trading or simulated...

Acknowledgments
I am grateful to all the individuals who have contributed to this book. I express
my appreciation to Dr. W...

PART ONE
Learning the Fundamentals
Part One provides the fundamentals necessary to build a solid foundation before
you beg...

CHAPTER 1
Getting Ready to Trade
The good news is that there are many different ways to make money by trading
options. You...

from other trading vehicles.
With options, you can generate income from the up, down, and sideways
movements of a stock, E...

DEVELOPING A GAME PLAN
You may be under the impression that buying an option is the best strategy
because you have a defin...

You cannot always play the offensive if you want to win. Playing the defense
is important if you want to trade successfull...

retirement account (IRA) or a futures account. You should also understand how
to maximize interest income and minimize com...

many options are bought (or sold), as leverage cuts both ways. In the world of
options, each option you add affects the ma...

There are numerous option strategy techniques that can reduce the net cost of
options purchased and limit the exposure for...

the strike price within a defined time frame. You can buy or sell a call or put
option. A call seller is obligated to sell...

how high the stock value climbs.
As you can imagine, the value of the option will change in response to the
change in stoc...

(premium) for the right to buy (call option) the house at any time during the
lease term of six months. Under this arrange...

at which the underlying asset can be bought or sold and the time frame
(expiration dates) at which the options expire. The...

is trading at $100, the purchase of the XYZ February 95 put for $2 ($200)
protects you against loss for a decline in the v...

clearinghouse). The buyer and seller of an option on a listed stock or futures
option can choose among available standardi...

As previously noted, an option is a derivative instrument whose value is
linked to (i.e., derived from) an underlying inst...

prices to purchase a call, such as the May 95 call, May 100 call, or May 105 call.
Many ETF option strike price intervals ...

have an expiration date of January of each year. LEAPS have all of the rights
and obligations of a traditional option but ...

May 100 put options are still considered at-the-money.
Out-of-the-Money Out-of-the-money describes an option that has no i...

and instead are either offset in the marketplace or expire worthless. Chapter 28 is
entirely devoted to covering exercise ...

either.
We all come to the markets with our own strengths. Some traders are naturally
bearish (and that can be an advantag...

only once in a while. In Chapter 2, I describe key option fundamentals.

CHAPTER 2
Option Fundamentals
Before you begin to trade, you should understand how options work. Once you
have mastered th...

selling an option; you can subsequently close (offset) it by buying it in the
marketplace. Throughout this book, the terms...

is going to move higher and you want limited risk. You would typically buy a
put if you believe the underlying stock is go...

Let the Option Expire Worthless You can let the option expire worthless on
the expiration date if it settles out-of-the-mo...

Some commentators may use the words limited and unlimited in their
descriptions of risks and rewards for options because o...

typically, when you engage in a stock transaction, you purchase the stock with
the expectation that the price will rise so...

TABLE 2.2 Sale of Option Followed by Offset or Expiration
Exiting a Short Option Position
Playing defense is especially im...

If the stock instead declines to $98 two weeks prior to expiration, the call
option might trade at $1, so you can buy it i...

and you sell one XYZ February 100 call option at $5, collecting $500. If the
stock immediately rises to $110, the call opt...

purchase). Option margin rules, conversely, are concerned with short option
positions.
The minimum initial margin requirem...

BID/ASK SPREAD
The bid price represents the price you will likely receive if you place a market
order to sell (for a speci...

that it has information on option prices. An option chain shows prices at various
strike prices, with the lowest strike pr...

TABLE 2.4 XYZ March Option Chain (68 Days to Expiration)
FINAL THOUGHTS
You should use a trading platform that specializes...

CHAPTER 3
What Determines an Option’s Price?
When you buy a stock, pricing is relatively straightforward because the value...

conditions:
• The higher the strike price of a call,
• The lower the strike price of a put,
• Less time remaining until ex...

• A put increases in value when the underlying stock declines,
volatility rises, or there is a later expiration.
• A put d...

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes

The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes