Press Room
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BOCA RATON, Fla., September 21, 2009 – In follow up to its popular, award-winning options primer, The Options Playbook, TradeKing has launched a new, significantly expanded edition of the book. In this latest volume, TradeKing’s “Options Guy” and Senior Options Analyst Brian Overby, shares further clear, concise and memorable explanations on options trading that result in a highly effective and entertaining “how-to” guide for investors of all experience levels.
“Brian is a master at breaking down options plays in a way that everyone can understand and then act upon,” said Don Montanaro, Chairman and CEO of TradeKing. “In the new book, Brian once again applies great energy, humor and straight-talk to help explain virtually every term and strategy involved in options trading. Far from the typical dry content that makes up most options books and courses, the second edition of The Options Playbook is arguably one of the best resources for any options trader.”
The Options Playbook is an entertaining, 158-page read covering everything from the basic terms and concepts needed to understand the options market to how to use volatility and option pricing variables (Greeks) when setting up your “play.” With each play or options strategy, the reader gets a snap shot of:
- The Setup: The goals and reasons to run each play
- Who Should Run It: Rookies, Veterans or All-Stars, based on degree of difficulty
- When To Run It: Describes each play as bullish, bearish or neutral
- The Strategy: A detailed overview of each strategy, its risks and the specific costs associated with multi-leg strategies
New features included in this latest edition include:
- Sixty percent more content geared toward investors of every level, from “rookies” to the most advanced options traders
- Ten additional options plays broken down in detail, raising the total number of plays to 40
- A comprehensive explanation of how the options market works, including background on the key players in the game
- A dramatically expanded discussion of implied volatility
- An explanation of how to manage option positions by “rolling” to a different month and strike
- A discussion of the five biggest options trading mistakes to avoid
- An expanded glossary, defining every options term under the sun
“At TradeKing, we’ve seen interest in options increase sharply via our online webinars, All-Star Trade Report blog and other educational offerings,” said Overby. “As our discussions with clients grew to include a wider range of questions from every type of options trader – from rookie to seasoned veteran -- now seemed like the perfect time to expand The Options Playbook. Our goal is to help every investor feel informed, educated and confident enough to control their own financial destinies, and our hope is the playbook can be a significant tool in that regard.”
Edward L. Provost, Executive Vice President of the Chicago Board of Options Exchange, offered these comments about the book: “I think The Options Playbook is outstanding. The structure is logical and informative, and the text is quite amusing. Of course, since Brian is a former colleague, we at CBOE take some of the credit for his creative genius.”
The Options Playbook is available on Amazon.com and through the Trader Library with a suggested retail price of $34.95. For more information or to obtain a copy of The Options Playbook, visit TradeKing.
About TradeKing
TradeKing (http://www.tradeking.com) is a nationally licensed online stock and options broker dealer offering simple, low trading fees ($4.95 per trade plus $.65 per option contract) with no hidden costs or account minimums.1 A pioneer in integrating new financial social media as part of its innovative online equities, options trading and fixed-income trading platform, TradeKing has received multiple five-star ratings from top industry sources and was given five stars in customer service by SmartMoney2 Magazine, ahead of OptionsXpress, Scottrade, Fidelity and TD Ameritrade. (June 2009 SmartMoney Broker Survey).
Follow TradeKing on Twitter at http://twitter.com/TradeKing.
Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options available at www.tradeking.com/ODD.
Multiple leg options strategies involve additional risks and multiple commissions, and may result in complex tax treatments. Please consult a tax advisor.
TradeKing provides self-directed investors with discount brokerage services, and does not make recommendations or offer investment, financial, legal or tax advice. The content of this press release is provided for educational and informational purposes only, does not constitute a recommendation to enter in any of the securities transactions or to engage in any of the investment strategies presented herein, and does not represent the opinions of TradeKing or its employees.
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(1) (Please see https://www.tradeking.com/p/home/tradeking/about/commissionsfees.tmpl for more details on trade commissions for low priced stock, bonds, mutual funds and other securities).
(2) SmartMoney is a joint publishing venture of Dow Jones & Company, Inc. and Hearst Communications, Inc. All Rights Reserved Worldwide.
