Intro; Contents; List of Figures; List of Tables; Introduction; Market Overview; The History ofOptions Trading; Basics ofOptions-Standardized Terms; Types: Calls andPuts; The Underlying Security; Strike Price; Expiration; The Option Premium andIts Components; Time Value; Volatility; Intrinsic Value; Strategy Ranges; Single-Option Speculative Strategies; Covered Calls; Spreads; Straddles; Synthetic Positions; Market Risks; Market andVolatility Risk; Market Risk ofOption Trading; Variation ofOption Strategy Risk Levels; Covered Call Risks; Lost Opportunity Risk

Moderate andNeutral StrategiesInflation andTax Risk; Inflation Risk; Tax Risk; The Double Hit-Inflation and Taxes; Portfolio Risks; Collateral andMargin Risk; Liquidity Risk; Knowledge andExperience Risk; Diversification andAsset Allocation Risk; Other Forms ofRisk; Leverage Risk; Alpha andBeta Risk; Fundamental Risk; Acquisition andMerger Risk; Reputation or Bankruptcy Risk; Earnings Surprises; Confirmation Bias Risk; Option Strategies; Option Glossary; Elements ofValue; Proximity andPrice; Expiration andOption Valuation; Interest andDividends

Stock Selection asPart oftheOption Value EquationBasic Investment Value ofStock; Selection ofAppropriate Option Positions; Return Calculations; Expected Return andPricing Models; Annualized Return; Strike Selection forCovered Calls; Return If Exercised or Unchanged; Return If Closed; Options andStock Selection; Diversification by Risk Profile; Fundamental Selection Indicators; Technical Selection Indicators; Option Taxation; Capital Gains andLosses; Qualified andUnqualified Covered Calls; Rules forOffsetting Positions; Strategic Considerations; Index