Book description
“As a veteran reader of some 500+ trading and investing books and having interviewed hundreds of authors, I never take the approach that you can believe what you read or hear about how to make money in the market, so I try their theory, system, or ideas. Jeff Augen’s book lays down clear guidelines to his intraday options strategy that I can report were profitable in the style I trade.”
--Vincent M. Rowe, President, Online Trading Academy, Texas
“Augen’s book breaks new ground with an indispensable and unique approach to evaluating option prices in different time frames. It also presents a new charting technique for evaluating very short-term trends lasting just a few minutes–a valuable technique for anyone who follows intraday markets. The statistical analysis and associated discussions around high-frequency trading are especially relevant in the modern financial world, which has come to be dominated by supercomputers and algorithmic trading. No serious stock or option trader should be without this book.”
--Sean Sztern, Alternative Strategies Group, Desjardins Securities, Montreal, Quebec
“Jeff Augen’s work on day trading options pulls the curtain back and reveals insights from the world of very short-term options trading. In doing so, he reveals insights beneficial even for the longer-term option trader. Specifically, Chapter 3 on trading volatility distortions introduces the idea of 3-D implied volatility surfaces. Far from being too advanced, this chapter addresses complex volatility issues in plain English that every option trader can understand. I wholly recommend this book.”
--Steve Lentz, DiscoverOptions
Minimize Your Exposure to Market Risk and Increase Profits by Trading in Very Brief Time Frames
In today’s turbulent markets, traditional trading strategies have failed to provide protection from the rapid and violent changes that have swung the Dow down 330 points one day, up 280 points the next, and down 250 points at the open on the next. Fundamental analysis based on company performance and financial predictions has proven meaningless. Technical traders must now compete with institutional trading programs utilizing supercomputers that analyze and execute trades in millisecond time frames. So, how can a private investor compete in this environment?
In Day Trading Options, expert option trader Jeff Augen shows you how to continue to profit even in these chaotic times. You’ll learn to structure short-term trades that exploit well characterized price distortions and anomalies. You’ll discover a breakthrough technique for utilizing volatility to identify the beginning and end of short-lived trends. And, you’ll gain the knowledge to use this innovative technique to take advantage of financial news and planned events, rather than being at their mercy.
Abandon outdated trading strategies and
conventional “wisdom”
Minimize your exposure
to market risk and increase your profits by trading in very brief
time frames and structuring positions that are direction
neutral
Understand why your once-reliable
technical analysis and charting techniques are
failing
Explore new statistical evidence to discern how
new advances in institutional program trading affect the private
investor
Discover new models for analyzing
volatility in different time frames
Learn to evaluate
option prices by comparing overnight, intraday, and traditional
measures of volatility
Learn to identify and exploit
short-lived volatility changes
Use a newly defined
charting technique to correctly time trades by identifying the
beginning and end of short-term trends
Table of contents
Product information
- Title: Day Trading Options
- Author(s):
- Release date: October 2009
- Publisher(s): Pearson
- ISBN: 9780137054121
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