The Options Course: A Winning Program for Investors & Traders Book

	Preface
1	Introduction to Options	1
1	Terms and Definitions	1
2	Underlying Cash Assets	5
3	Underlying Futures Contracts	9
2	Introduction to Option Pricing	15
1	The Determinants of Option Price and Value	15
2	Option Pricing Models and Values	21
3	Put-Call Parity and Synthetic Positions	29
3	Option Risk and Reward	33
1	Underlying Asset Price: Delta and Gamma	33
2	Time and Volatility: Theta and Vega	44
3	Interest Rate: Rho	50
4	Dividends	52
4	Positions for Speculators and Hedgers	57
1	Profit and Loss	57
2	Long and Short Underlying Asset Positions	58
3	Long Call Option	61
4	Short Call Option	69
5	Long Put Option	72
6	Short Put Option	73
7	Long Straddle	74
8	Short Straddle	78
9	Bull Spreads	82
10	Bear Spreads	89
11	Ratio Vertical Spreads	92
12	Butterflies	94
13	Long Time Spread	100
14	Short Time Spread	104
15	Covered Writes	106
16	Positions for Hedgers	107
17	Making a Choice	117
5	Advanced Topics	123
1	Put-Call Parity and Synthetic Positions	123
2	Conversions and Reversals	129
3	Early Exercise	134
6	Delta Neutral Positions	143
1	Introduction to Delta-Neutral, Rebalanced Positions	143
2	Finding Delta Neutral Positions	148
3	Trading Delta Neutral Positions	170
4	An Overview of Delta Neutral Positions	182
	App. A. Glossary	185
	App. B. Volatility	193
	Index	201