This straightforward, accessible guide clearly explains what options are and how they work, their pros and cons, their relationship with stocks, and how to use them to gain leverage, generate extra income, and protect against adverse price movements.

Key features

Illustrates profit and loss results for simple options and option spreads

Explains the Greeks and their importance

Outlines how options offer four ways to approach the market

Includes a step-by-step walk-through of placing an order