A detailed guide to successfully trading stock and commodity options After numerous years as an options market-maker in the trenches of the New York Mercantile Exchange, few analysts know how to make money trading options like author Lee Lowell. Now, in the Second Edition of Get Rich with Options, Lowell returns to show you exactly what works and what doesn't. Filled with in-depth insight and expert advice, this reliable resource provides you with the knowledge and strategies needed to achieve optimal results within the options market. It quickly covers the basics before moving on to the four options trading strategies that have helped Lowell profit in this arena time and again: buying deep-in-the-money call options, selling naked put options, selling option credit spreads, and selling covered calls. Breaks down four of the best options trading strategies currently available Explains how to set up a home-based business with the best options trading software, tools, and Web sites Contains detailed discussions of how options can be used as a hedging or speculating instrument With this book as your guide, you'll quickly see options in a whole new light and learn how to become part of a small group of investors who consistently win.

A detailed guide to successfully trading stock and commodityoptionsAfter numerous years as an options market-maker in the trenchesof the New York Mercantile Exchange, few analysts know how to makemoney trading options like author Lee Lowell. Now, in the SecondEdition of Get Rich with Options, Lowell returns to showyou exactly what works and what doesn't.Filled with in-depth insight and expert advice, this reliableresource provides you with the knowledge and strategies needed toachieve optimal results within the options market. It quicklycovers the basics before moving on to the four options tradingstrategies that have helped Lowell profit in this arena time andagain: buying deep-in-the-money call options, selling naked putoptions, selling option credit spreads, and selling coveredcalls.* Breaks down four of the best options trading strategiescurrently available* Explains how to set up a home-based business with the bestoptions trading software, tools, and Web sites* Contains detailed discussions of how options can be used as ahedging or speculating instrumentWith this book as your guide, you'll quickly see options in awhole new light and learn how to become part of a small group ofinvestors who consistently win.

Preface to the Second Edition ixAcknowledgments xiiiPart One: The option basics 1CHAPTER 1: It's All about the Calls and Puts 3CHAPTER 2: How Options are Priced 15CHAPTER 3: Option Volatility 27CHAPTER 4: Stocks versus Options 47CHAPTER 5: Option Selling Is Your Key to Success 57Part Two: The strategies 69CHAPTER 6: Buy All the Stock You Want for Half the Price 71CHAPTER 7: Getting Paid to Buy Your Favorite Stock 93CHAPTER 8: Option Credit Spreads: The All-Star Strategy 121CHAPTER 9: A Day in the Life of the Market Maker 173CHAPTER 10: Put Your Stocks to Work--Sell Covered Calls 185CHAPTER 11: A Bonus Strategy: Ratio Option Spreads 205Part Three: Getting Ready to Trade 227CHAPTER 12: Tools of the Trade 229CHAPTER 13: Brokers and Commissions 235Conclusion 243Index 247