TY - BOOK AU - Berns, David AU - Green, Michael TI - The little book of trading options like the pros: learn how to become the house T2 - Little Books Big Profits SN - 9781394238958 U1 - 332.6453 PY - 2024/// CY - New Jersey PB - John Wiley & Sons, Inc KW - Options--Finances N1 - Table of contents: Preface xi Acknowledgments xvi Chapter One Trading Options: Allure vs. Reality 1 The Retail Option Explosion 2 The Natural Biases of New Traders 7 The Amateur Trap 10 An Intuitive Conclusion 12 Chapter Two The Barebones Option Primer 15 Option Basics 17 Options in Time 20 Breaking Down the Option Premium 23 Combining Options 31 Real- World Examples 35 Chapter Three Become the House 39 The Broader Option Ecosystem 40 Our Core Trade 45 Strike Selection 47 Expiry Selection 51 Equity ETF Puts for the Win 55 Chapter Four Risk Management 57 Moving Beyond “Sell and Hold” 59 Stop Losses 60 Profit Taking 64 Rolling Positions 67 Chapter Five Building a Portfolio 73 Motivation 75 Expanding Our Universe 77 A “Commonsense” Portfolio 84 Optimized Portfolios 89 Setting Risk Exposures 96 Chapter Six From Theory to Practice 101 Option Screener 103 Trading 108 The First Six Months 119 Beware Assignment 122 Behavioral Biases of Sellers 123 Parting Words 125 Bibliography 127 (https://www.wiley.com/en-us/The+Little+Book+of+Trading+Options+Like+the+Pros%3A+Learn+How+to+Become+the+House-p-9781394238958#tableofcontents-section) N2 - Master profitable option trading with the techniques of the pros. In The Little Book of Trading Options Like the Pros: Learn How to Become the House, a team of veteran options and derivatives traders delivers an expert account of how to master the zero-sum game of options trading. In the book you'll learn how to 'become the house,’ consistently making a small amount of money — on average — on each trade, in a similar fashion to a casino in Las Vegas or an insurance company selling insurance policies. The authors explain how to skip the painful part of the steep options learning curve, showing you how to avoid the most common pitfalls, and become a profitable trader quickly. You'll find: A one-stop resource for everyone looking to become a pro-level trader, including a primer on options without fancy math, engaging anecdotes and lots of invaluable institutional knowledge A review of the full options ecosystem, and how to position yourself with the odds in your favor, to be a profitable player in this complex trading landscape A deep dive into the same strategies and techniques used by professional options traders, without the need for finance degrees or hard-to-obtain experience A clear roadmap of how to take the knowledge in the book and turn it into a practical and profitable trading endeavor Perfect for inspiring day traders, The Little Book of Trading Options Like the Pros is also a must-read book for anyone interested in investing or trading in modern financial markets. (https://www.wiley.com/en-us/The+Little+Book+of+Trading+Options+Like+the+Pros%3A+Learn+How+to+Become+the+House-p-9781394238958) ER -