Options on Futures: New Trading Strategies
Increased marketplace volatility and the expanding size of capital markets have led to an explosion of interest in options on futures. What makes these instruments so attractive is that they allow traders to profit from movements in the markets using little up-front capital and plenty of leverage. At the same time, they provide an excellent hedge against the risks associated with capital market investments. This book demystifies these notoriously difficult-to-understand instruments and provides state-of-the-art strategies and tools for making the most of options on futures.
John F. Summa (New Haven, CT) is a CTA and cofounder of OptionsNerd.com, an online service providing market commentary, trading advisories, and assistance with trading system development. Jonathan Lubow (Randolph, NJ) is cofounder and Vice President of Trader's Edge, a futures and options brokerage.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Trading Options the Write Way
Why Trade Options on Futures?
SP 500 Futures Basics
The Option Pricing Story
Understanding SP 500 Options
The Long and Short of an SP Credit Spread
Simulating Margin Requirements for an SP Credit Spread
Selling Strategies for Commodity Options
Putting Theory into Practice
Synthetic Call Strategies
Glossary of Options on Futures Terms
Appendix B Historical Commodity Charts Daily
Select Futures and Option
Appendix E Futures and Option Contract
Parameters of Profitability of SP Credit Spreads
Commodity Futures and Options Characteristics
9ampl bearish breakeven bullish buying call option call ratio cents Chapter Chicago Mercantile Exchange commodity futures commodity options CONTRACT MONTHS Created using OptionVue credit spread DAILY PRICE LIMITS delta delta neutral example Exhibit expire worthless futures and options futures contract futures options futures position futures trading implied volatility intrinsic value July corn June S&P LAST TRADING DAY long call long futures losses Maximum Minimum naked call naked option naked put option contract option price option trading option value option writer Options Analysis Software options on futures OptionVue 5 Options overvalued Probab0ity profit profit-and-loss function put credit spread put option put spread put-call ratio ratio spread ratio write reader risk S&P 500 futures S&P futures S&P options S&P put selling September settlement price short calls soybean stock index stock options strike price Swings High percent Swings Low percent synthetic call TICK TICKER SYMBOLS time-value decay tion TRADING UNIT