Providing the equivalent education and training of a week long custom seminar, this title is a "portable options course." Options trainer Marty O'Connell has put his lifetime of training expertise down in book form to benefit those executives who may not trade options, but who must manage those who engage in this business activity. Written as a comprehensive "training program," this volume outlines O'Connell's time-tested principles and teaches business executives how to manage an option-related business activity, while at the same time showing them the mechanics of how to trade options successfully with discipline and clear business objectives.
Table of Contents
OPTION CONCEPTS AND TOOLS. Are You Too Anxious to Win? What's Different about Options? Strategic Concepts and Principles. Getting a Feel for Option Dynamics. Option Valuation Models. Volatility. Greek Letters. Thinking about Option Risk. THE OPTION DEALING BUSINESS. Neutral Spread Dynamics. Comparative Strategy Analysis. Position Management. Framework for Risk Management. Some Ideas for Personnel Management. USING OPTIONS IN A BUSINESS. Speculative Trading Principles. Hedger Motivation and Behavior. Positions for Corporate Hedgers. Use of Options in an Investment Portfolio. Living with a Hedge. Epilogue: What Kind of Business Is This? Index.
Martin P. O'Connell is President of O'Connell and Piper Associates, a Chicago--based options advisory firm. Since 1977, he has provided training, consulting, and trading advice to many of the world's leading commercial and investment banks, members of securities and futures exchanges, corporate hedgers, and institutional investors. He is best known for his extended, comprehensive seminar programs. O'Connell is an individual member of the Chicago Board Options Exchange. He holds a BS in electrical engineering from the University of Notre Dame, as well as JD and MBA degrees from Stanford University.