Keene on the Market E-Book

Andrew Keene

• Herausgeber: John Wiley & Sons
• Kategorie: Fachliteratur
• Serie: Wiley Trading Series
• Sprache: Englisch

Seitenzahl: 349

Veröffentlichungsjahr: 2013

Beschreibung

A leading expert unveils his unique methodology for options trading Options provide a high leverage approach to trading that can significantly limit the overall risk of a trade or provide additional income. Yet, many people fail to capitalize on this potentially lucrative opportunity because they mistakenly believe that options are risky. Now options expert Andrew Keene helps aspiring investors to enter this sector by explaining the principles of the options market and showing readers how to utilize calls and puts successfully. * Leading options expert Andrew Keene demystifies the basics of options trading * Debunks the myth that call purchases are synonymous with being bullish and that put purchases are bearish * Lays out in detail two distinct proprietary trading plans readers can follow * Explains how to trade using market maker techniques and tricks from the trading floor to help with his probabilities in options trading Andrew Keene is best known for reading unusual options activity and seeing what others don't. Now he shares what he knows in a book that opens the opportunities of options trading to any investor.

Leseprobe

KEENE ON THE MARKET

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The Wiley Trading series features books by traders who have survived the market's ever changing temperament and have prospered—some by reinventing systems, others by getting back to basics. Whether a novice trader, professional, or somewhere in-between, these books will provide the advice and strategies needed to prosper today and well into the future.

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KEENE ON THE MARKET

Trade to Win Using Unusual Options Activity, Volatility, and Earnings

Andrew Keene

Cover image: © iStockphoto.com/polygraphusCover design: Paul McCarthy

Copyright © 2013 by Andrew Keene. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada.

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Library of Congress Cataloging-in-Publication Data:Keene, Andrew, 1979- Keene on the market : trade to win using unusual options activity, volatility, and earnings / Andrew Keene. 1 online resource. — (Wiley trading series) Includes index. Description based on print version record and CIP data provided by publisher; resource not viewed. ISBN 978-1-118-59073-7 (pdf) – ISBN 978-1-118-59075-1 (epub) – ISBN 978-1-118-59076-8 (cloth) 1. Options (Finance)–United States. 2. Speculation–United States. 3. Chicago Board Options Exchange. I. Title.

PREFACE

Did you know that Chicago is universally considered to be the number one place in the world for trading? With that having been said, it's not surprising to learn that the most frequent question I get asked is how I got my start in this business and what route I took to get here today. The financial district in the Loop is literally crawling with thousands of young, hopeful professionals determined to follow in the footsteps of a proven, successful trader.

Trading continues to be one of those careers that many people are obsessed with, particularly in finding the path of least resistance to the ever-elusive pot of gold. Movies such as Wall Street and Boiler Room show how an eager individual interested in finance may virtually become rich overnight.

My story isn't the stereotypical rags-to-riches, feel-good biopic where the protagonist beats the odds to move from the factory floor to the trading floor. I did, however, start at the bottom without having any friends or family in the industry and worked my way up by virtue of my relentless work ethic and innate sixth sense for trading. I graduated from the University of Illinois at Champaign–Urbana in 2001 with a BS in finance and a concentration in accounting. Like many other seniors applying for their first job, I had no idea what I wanted to do with my postcollege life. I had attended the typical career fairs, interviewing for everything from investment banking positions to financial adviser jobs; but from the very outset trading positions were what intrigued me most. All of the big trading firms came to U of I to conduct on-campus interviews, and I had met with Botta Capital Management, Third Millennium, and Wolverine Trading.