Using and Trading Options – Part 1 with Lawrence McMillan

Using and Trading Options – Part 1

Larry teaches you how to effectively use these powerful but generally misunderstood instruments.

First, Larry describes the unusual predictive power of options inherent in the fact that options traders are generally wrong. Thus, the ability to accurately identify the actions of the majority of options traders provides a unique contrary indicator. Larry also explains the one very important exception to this statement in which options act as a direct indicator of market behavior.

Expiration also provides traders with often overlooked opportunities to make money. You will learn specific strategies for profiting before expiration, on expiration day itself, and after expiration day.

Finally, Larry describes the concept of delta neutral trading, in which options are used to construct positions that benefit from predicting volatility rather than price. Since options generally trade in a volatility range and it is easier to predict volatility than prices, this is a much safer trading approach. The mechanics of this approach are explained, along with actual trading examples.

About The Expert

Expert: Lawrence G. McMillan
Type: PDF Workbook MP3 Audio
Running Time: 90 minutes
Workbook Length: 36 pages

Tagged with: Audio CD • Larry McMillan • Lawrence G. McMillan • Lawrence McMillan • Trading MP3 • Using and Trading Options

Filed under: options trading

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