Chart Your Way to Profits

Total Page:16

File Type:pdf, Size:1020Kb

Chart Your Way to Profits (continued from front flap) $75.00 USA KNIGHT $90.00 CAN No matter what you trade, technical analysis can Technical analysis is the study of past price make you a better and more profi table trader. Praise for the First Edition of movement for the purpose of predicting Price charts will consistently provide the most future price movement. If done correctly, it can YOUR WAY TO WAY TO YOUR WAY PROFITS complete representation of the supply and Chart Your Way to Profi ts CHART lead to substantial trading profi ts. But making demand behind any fi nancial instrument be- money in the market isn’t easy. No one knows cause everything that can be publicly known this better than author Tim Knight, who has or speculated is already built into the graph. “As a former pit trader and a technical ‘newbie,’ I have found Tim’s new book to been charting and trading the fi nancial mar- Through the ups and downs of fi nancial markets, be the best resource I’ve seen for the everyday trader. With its fun and informa- kets for more than twenty years. The com- technical criteria and charting allow traders to tive style, it has allowed me to understand and appreciate the professional world pany he founded, Prophet Financial Systems of technical analysis.” CHART be completely objective in their assessment (now owned by TD Ameritrade), was ranked of price action, while leaving emotion out of —Tom Sosnoff, cofounder and CEO, thinkorswim, Inc. for years as the number-one site for technical the decision-making process. Chart Your Way to analysis by both Barron’s and Forbes. Profi ts, Second Edition can help you do the same, YOUR WAY TO as it shows you how to combine technical “Tim Knight is a chartist’s chartist—I can’t recommend his work highly enough. In the fi rst edition of Chart Your Way to analysis with powerful online tools to achieve Few people have done as much as he has in providing the sort of quality online Profi ts, Knight showed how to use the power- trading success. resources technical traders need in order to make money in the fi nancial markets. ful technology available online in conjunction Chart Your Way to Profi ts is a twenty-fi rst-century blueprint on how to use with technical analysis to analyze markets and technical tools to achieve trading and investing success.” make the most profi table trading decisions The Online Trader’s Guide Trader’s The Online TIM KNIGHT is a hedge fund money man- possible. Now, in this revised Second Edition, —David Penn, Editor, Technical Analysis of Stocks and Commodities magazine PROFITS with ProphetCharts ager and the founder of Prophet Financial Sys- Analysis Technical to he offers many new technical tools for track- tems (now owned by TD Ameritrade), rated by ECOND DITION ing individual stocks and also shows you how Forbes magazine and Barron’s as the number-one S E to use ProphetCharts® to do advanced inter- online site for technical analysis. He also writes “Tim has written the best guide to leveraging ProphetCharts and technical analy- market technical studies to identify the best the popular blog, slopeofhope.com. Prior to sis in the market today. This is a complex subject and can leave new and old in- opportunities. starting Prophet.net, he was vice president of vestors buried in too much data or impossible learning curves. Tim breaks these The Online Trader’s Guide to products for Montgomery Securities, where he complex ideas down into actionable ideas and strategies. I would recommend this ® helped develop PC-based trader workstations book to anyone that wants an education in the latest and best tools and methods Technical Analysis with ProphetCharts Written in a straightforward and acces- sible manner, Chart Your Way to Profi ts, Second before the development of Web trading. Knight professional technicians are using today.” ® has traded for over twenty years, primarily Edition introduces the ProphetCharts ap- —John Jagerson, Vice President of Content, Investools plication (accessible to anyone with Inter- using technical analysis and price charts. author of Profi ting with Forex net access and an account), which allows you to perform your own analysis with the ® help of hundreds of real-world examples. Jacket Illustration: iStockphoto Along the way, you’ll also become familiar with some of the most important rules of sound trading. The author examines a variety of chart types, highlights essential indicators, SECOND EDITION explores numerous analysis methods, and offers a wealth of in-depth insight and practi- cal advice throughout the book. TIM KNIGHT (continued on back flap) P1: JYS bind JWBT295-Knight May 25, 2010 20:55 Printer: Yet to come www.rasabourse.com 520 P1: JYS FM JWBT295-Knight May 10, 2010 12:43 Printer: Yet to come Chart Your Way to Profits The Online Trader’s Guide to Technical Analysis with ProphetCharts Second Edition TIM KNIGHT John Wiley & Sons, Inc. www.rasabourse.com i P1: JYS FM JWBT295-Knight May 10, 2010 12:43 Printer: Yet to come To Alexander Dobrovolski, who made it all possible Copyright C 2010 by Tim Knight. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600, or on the Web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at http://www.wiley.com/go/permissions. Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages. For general information on our other products and services or for technical support, please contact our Customer Care Department within the United States at (800) 762-2974, outside the United States at (317) 572-3993 or fax (317) 572-4002. Wiley also publishes its books in a variety of electronic formats. Some content that appears in print may not be available in electronic books. For more information about Wiley products, visit our web site at www.wiley.com. Library of Congress Cataloging-in-Publication Data: Knight, Tim, 1966– Chart your way to profits : the online trader’s guide to technical analysis with ProphetCharts / Tim Knight. – 2nd ed. p. cm. – (Wiley trading series) Includes bibliographical references and index. ISBN 978-0-470-62002-1 (cloth) 1. Stocks–Charts, diagrams, etc. 2. Investment analysis. 3. Electronic trading of securities. I. Title. HG4638.K55 2010 332.632042–dc22 2010005946 Printed in the United States of America 10987654321 www.rasabourse.com ii P1: JYS FM JWBT295-Knight May 10, 2010 12:43 Printer: Yet to come Contents Introduction v About the Author vii CHAPTER 1 Technical Analysis 1 CHAPTER 2 Fundamentals of Chart Creation 26 CHAPTER 3 Modules and Preferences 44 CHAPTER 4 Watch Lists and Chart Styles 70 CHAPTER 5 Market and Data Types 83 CHAPTER 6 Indicators in Action 111 CHAPTER 7 Multiple Studies and Comparisons 137 CHAPTER 8 Trendlines and Reversals 164 CHAPTER 9 Expansion and Channels 225 CHAPTER 10 Rounded Tops and Saucers 240 CHAPTER 11 Cup with Handle 271 CHAPTER 12 Multiple Tops and Bottoms 293 CHAPTER 13 Head and Shoulders 318 iii www.rasabourse.com P1: JYS FM JWBT295-Knight May 10, 2010 12:43 Printer: Yet to come iv CONTENTS CHAPTER 14 Pattern Recognition 387 CHAPTER 15 Fibonacci Drawings 408 CHAPTER 16 Power Features 446 CHAPTER 17 For Bears Only 466 CHAPTER 18 A Practical Guide to Trading 481 APPENDIX A The Kirk Report Interview 492 APPENDIX B MarketMatrix 507 Index 515 www.rasabourse.com P1: JYS FM JWBT295-Knight May 10, 2010 12:43 Printer: Yet to come Introduction ne of my favorite photographs was taken by my wife on our hon- eymoon. We were on the second leg of our trip, the first of which O was in Dubrovnik, Croatia (part of the former Yugoslavia), and the second in central Italy. The photo shows me in bed, apparently asleep. The title of the book I am holding across my chest is clearly legible: Technical Analysis of Stock Trends, by Edwards and Magee. Charting the financial markets has been my passion for over 20 years. The very first trade I ever placed in my life was on Black Monday, the crash of 1987—hardly a propitious start. But the markets and their vagaries have fascinated me ever since. In 1992, I took my three main areas of interest—computers, trading, and business—and combined them to create Prophet Financial Systems.
Recommended publications
  • The Traders Expo New York Equities Options Etf S
    INVEST SMARTER, TRADE WISER NEW YORK FEBRUARY 26–28, 2017 MARRIOTT MARQUIS TIMES SQUARE The LARGEST and ONLY Expo in the World Exclusively for Active, Day, and Professional Traders REGISTER FREE AT NEWYORKTRADERSEXPO.COM OR CALL 800-970-4355 TITLE SPONSOR PLATINUM SPONSOR GOLD SPONSORS ATTEND AND LEARN HOW YOU CAN PROFIT FROM THE ABUNDANCE OF TRADING OPPORTUNITIES IN TODAY’S VOLATILE GLOBAL MARKETS Dear Trader: We’re delighted to be returning to the finance capital of the world forThe 18th Annual Traders Expo New York! With the largest exchanges in the world and the most brokerage and trading firms, New York is the perfect location for The Traders Expo. Slow economic growth, low oil prices, the recent contentious Presidential election, and other factors are causing volatility in the markets and creating a plethora of trading opportunities. Only traders with the right knowledge and tools will be well positioned to take advantage of trading opportunities presented by current market conditions. This all points to one thing—high-quality trading education is essential to your trading success. Whether you are a seasoned veteran or just beginning to trade, everyone will find the Exhibit Hall to be an efficient way to check out and learn how to use the newest trading tools available. There are literally hundreds of trading products and services on display and available at your fingertips. You’ll have the opportunity to speak with company representatives, ask questions, test-drive, and compare the products and services that will keep you on top of your trading game—all under one roof.
    [Show full text]
  • Despite a Challenging Business Environment, We Delivered Record
    Dear Shareholders, Despite a challenging business environment, we delivered record organic growth as a result of a focused strategy, a resilient business model that resonates with today’s investors, and the ability to see opportunities even in the face 2010 Annual Report of economic uncertainty. Fred Tomczyk (left) President and Chief Executive Officer Joe Moglia (right) Chairman We remained clear on our strategy, focused on execution and emerged an even stronger company. The past year has reinforced the value of organizational focus THE RIGHT BUSINESS MODEL and the importance of having a clear vision for the future — to be Throughout this market downturn, we have continued to benefit the better investment firm for today’s investor. Being better from the movement of money from full-service brokerages to means doing what’s right for our clients, associates, shareholders TD Ameritrade, where investors choose how they do business and communities, constantly innovating and improving every day. with us — online, by phone, in a branch or through a network of independent Registered Investment Advisors. Even though RECORD ORGANIC GROWTH investors may be cautious about their investment decisions In Fiscal 2010, we focused on trading and asset gathering. and the market, they are clear about what they want from an Our goals were simple: investment firm — an investing experience that is simple, Maintain our #1 market share position in average client trades straightforward and delivered in an objective and transparent per day1 and way. We continue to make the investing process easier and Continue to grow as an asset gatherer emphasize doing what’s right for our clients in everything we do, FY 2010 Accomplishments: an approach resonating with millions of Americans shaken by the economic downturn and looking to take control of their money.
    [Show full text]
  • L-G-0008099450-0015695619.Pdf
    k Trim Size: 6in x 9in Kinahan ffirs.tex V2 - 08/22/2016 7:04am Page i Essential Option Strategies k k k k Trim Size: 6in x 9in Kinahan ffirs.tex V2 - 08/22/2016 7:04am Page ii k k k k Trim Size: 6in x 9in Kinahan ffirs.tex V2 - 08/22/2016 7:04am Page iii Essential Option Strategies UNDERSTANDING THE MARKET AND AVOIDING COMMON PITFALLS JJ Kinahan k k k k Trim Size: 6in x 9in Kinahan ffirs.tex V2 - 08/22/2016 7:04am Page iv Copyright © 2016 by JJ Kinahan. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750–8400, fax (978) 646–8600, or on the Web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748–6011, fax (201) 748–6008, or online at http://www.wiley.com/go/permissions. Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose.
    [Show full text]
  • VIX Tendencies at Option Expiration
    VIX Tendencies at Option Expiration Definitions and Background: The VIX is a measure of the Implied Volatility of the SP 500 index. Implied Volatility (or “IV”) is the relative “expensiveness” of the puts and calls of all 500 SPX stocks. I will use VIX, IV and the words “volatility/implied volatility” interchangeably throughout this article. As the word “implied” suggests, IV gauges (via option pricing) the future expectation of movement in the “underlying.” The underlying is whatever index, ETF, stock or future that underlies the option being traded. Since the IV is implying movement, it is considered forward looking, but it does tend to overshoot to the upside as well as the downside. When there is more demand to buy an option, the price goes up (causing higher Implied Volatility) while less buying demand yields lower option prices and therefore, lower Implied Volatility. Market makers in Chicago at the CBOE adjust pricing based on order flow which is strictly a function of supply and demand for each option. Market efficiency has improved immensely on highly traded underlyings with the advent of internet based trading platforms and cutting edge companies like Interactive Brokers and Thinkorswim (TD Ameritrade). The “edge” used to belong to the pit and floor traders in Chicago due to wide or excessive Bid-Ask spreads, but this is no longer the case with the major, liquid underlyings. I have traded options actively for the last 8 years and consider myself to have many advantages due to technology and liquid markets where I trade probability based option strategies for a living.
    [Show full text]
  • Earnings Trades Part 2 2019‐08‐19
    EARNINGS TRADES PART 2 2019‐08‐19 RDO SFFxO Traders Meetup (Raleigh Durham Open Stocks Futures FX OiOptions TdTraders ) PRIOR TALK 2018‐05‐23 Dan Queen– Background • Product Management for ITT, Alcatel‐Lucent, now Nokia – (Electrical Engineer by training‐Marketing) • Retired 2012, started trading full time, married, 3 kids, 2 Gd • Tried various trading or studied methods – IBD canslim, Dailygraphs, Vectorvest, Wisetrade, OptionMONSTER … – Opened Datek Marggp,in Acct 2002=>TDA Sept 2002, OppptionXpress =>Schawb, Fidelity IRA – Watched CNBC, Cramer’s books/TV, Barrons, AAII … – Investools couse 2011, Reading and Study – 2012 TDA Trader TV clicked on Tastytrade and ShadowTrader …. – Today options trades are done on tos, tastyworks and none since last time on Fidelity which is a very limited platform 2 Last talk 5‐23‐2018 Earnings Tradlde Presentation outline • Market Maker Move (MMM) • Implied Volatilty (IV), IVRank, IVPercentile • Probability of touch • thinkorswim (tos) Platform use set‐ups • TdTrade se t‐up • Chart examples • Results YTD of earnings trades • Q&A 3 Today’s Earnings Tradlde Presentation outline • Review what an earnings trade is • How to find earnings trades using Excel. – Download stocks with upcoming earning – Remove ones without options – Remove low priced stocks – Note stocks in certain sectors to avoid – Rank order by opportunity • Defending trades gone wrong – Rolling untested side to collect additional premium depending on DTE – Roll out in time and wait to be right – Close trade when loss is 2x credit collected 4 Thanks to Tom Sosnoff Thkhanks to Bi ll Gates Exce l VisiCalc created by Dan Bricklin, Software Arts withBob Frankston 5 Trading Style • Strategic • Seller of premium • Options not stocks • Contrary • TdTrade sma ll • Defend trades – 2x or 3x the loss – Or …… Until the stock beats you.
    [Show full text]
  • Who Wins, Who Loses?
    [Editor’s Note: Last month we took a broad view of the options industry. We found a consensus that, powered by institutions, the options industry would grow 15 to 20 percent each year across the next several years. This month we “zero in” on the retail options trader: who wins, who loses and why.] The Options Industry Council announced in January that daily equity options volume increased by 71 percent over 2003 volume. The Boston Options Exchange (BOX) became the sixth options exchange to join, according to some, an already highly competitive field in the U.S. Yet, apparently, there’s enough potential in options land to warrant a run for the business. Despite exceptional growth in the options industry, market partici- pants still have a lot to learn even after 30 years of operation. Success stories, which tend to get much less ink than tales of the less-than-suc- cessful, are the product of those who have learned that having a plan and a good dose of “stick-to-it-iveness” is more important than being lucky in the options market (or any market, for that matter). Success indeed is good fortune, but it is not for the lazy or for those who feel they have a divine right to win. Sometimes it makes sense, too, to lay out who loses and why. Turn that on its head, and the result may be to push those on the edge to the winning column, if they are willing to listen to the lessons. What Not to Do First, who are the losing options traders? The losing options trader falls into some of the same traps to which all other traders succumb.
    [Show full text]
  • Paper Trading Options Is a Risk Free
    Foreign Student Resource Guide What is the best online brokerage platform for a non-US resident? As a non-US citizen and non-US resident who wants to trade the US market…your options are definitely more limited than for US residents when selecting an online broker. The non-US members helped me put together this list of Brokers that serve international investors. Brokers are always changing so if you see anything that needs updated or added please send an email to [email protected] I hope you enjoy, Travis *************** Countries Represented Control + clicking on the country, takes you to that place in the document. Table of Contents Europe/UK ........................................................................................... 2 Israel .................................................................................................. 4 South Africa ......................................................................................... 5 Canada ............................................................................................... 5 Australia ............................................................................................ 11 Hong Kong......................................................................................... 21 Switzerland ........................................................................................ 22 Netherlands ....................................................................................... 22 1 |OP Formula Success Academy; Copyright 2014 www.learn-stock-options-trading.com
    [Show full text]
  • Trader Lifestyle Magazine
    TRADER LIFESTYLE MAGAZINE SPOTLIGHT: TYLER CHIANELLI VOL. 1 : ISSUE 1 A TRADER LIFESTYLE PUBLICATION Welcome to the premiere issue of the Trader Lifestyle publication. Before we get into “war” stories, memorable trades and the prospective future of a successful trader - I feel you should learn a bit about how I arrived here today with the perspective I’ve cultivated in the financial markets since I got started back in this industry back in 2001. My name is Tyler Chianelli and I am the founder of Option Trading Coach and Wealthvisors Investment Corporation. I have championed programs like the Trading Mastery Program Easy Option Trading Course, and the How to Trade LEAPS program - while also developing an elite social network style trading community known as the Options Trader Club. The goal of the Trader Lifestyle publication is an effort to channel my passion for the Stock Market into showcasing my growth and path as a trader over the years for you. Through this, I want to prove that you are capable of cultivating your dreams as an educated stock and options trader (if you apply yourself and never quit). “Success” is a powerful word I often use in my work because it acts as a constant source of motivation in my overall investment goals and aspirations. So as a burgeoning trader, it is critical to find out what “success” means to YOU. It will help a great deal in designing your custom trading plan and will keep you on track as you learn and grow. I started on this trading path 17 years ago (as a teenager).
    [Show full text]
  • How I Learned to Trade Like Tom Sosnoff and Tony Battista: Book One, Trade Mechanics Pdf, Epub, Ebook
    HOW I LEARNED TO TRADE LIKE TOM SOSNOFF AND TONY BATTISTA: BOOK ONE, TRADE MECHANICS PDF, EPUB, EBOOK Tony Rihan | none | 24 Sep 2013 | Antonio Rihan | 9780615857756 | English | United States How I Learned to Trade Like Tom Sosnoff and Tony Battista: Book One, Trade Mechanics PDF Book It's our Monday morning rat show. Tom Sosnoff: I needed somebody to push. What a mess. But generally speaking it's 5 points wide on high IV, it's 10 points wide on low IV and again don't confuse return on capital with probability of profit. Tony Battista: Slim's balls. Same thing here. New Condition: New. I really appreciate how easy it is to use and understand. One of these items is shipped sooner than the other. And when it goes the other way then - right - Tom Sosnoff: It's like an onside kick. So what is probability of profit? Like if you're in an IRA count, you can't leg the short side first. List this Seller's Books. Colt rated it it was amazing Feb 09, It's special, a new aged light bulb. Tony Battista: You're trying to buy the spread, you bought something on the bid, you might offer the offer for a second, and then you hit the bid so you have the spread on it. Tom Sosnoff: Oh my god, yeah. Apr 30, Stuart rated it it was amazing. If bonds go back up to or I'll lay them back out. This is demonstrated in a study where we sold monthly iron condors for five years in underlyings, and what you can see here is it's the same thing, your 1 point wides, 2 point wides and 5 point wides, 5 point wides are there more to simulate More filters.
    [Show full text]
  • From Strategy to Practice with Tom Sosnoff Today’S Agenda
    India 2020 From Strategy to Practice with Tom Sosnoff Today’s Agenda Turning Uncertainty and Fear into Opportunity: Making Option Theory & Implied Volatility Tradable Today’s Agenda Understanding IVR Strategies for Different Levels of IV Advanced Portfolio Diversification Extrinsic Premium Overstatement Optimal Deltas for Strategic Probabilities Trade Small / Trade Often Understanding Implied Volatility Rank (IVR) Our objective is to create tradable edge selling premium when it is most expensive. Implied volatility as a stand-alone number does not offer much insight with respect to whether premium is currently expensive relative to itself. IVR places context around how implied volatility is measured compared to the last 52 weeks, letting us know if premium is expensive or not. Understanding Implied Volatility Rank (IVR) Understanding the differences in implied volatility vs. implied volatility rank Implied volatility rank - IV rank simply tells us whether implied volatility is high or low in a specific underlying based on the past year of IV data. For example, if XYZ has had an IV between 30 and 60 over the past year and IV is currently at 45, XYZ would have an IV rank of 50%. Since all underlyings have unique IV ranges, stating an arbitrary IV number does not help us decide how we should proceed with a strategy. Understanding Implied Volatility Rank (IVR) Understanding the differences in implied volatility vs. implied volatility rank Implied volatility - IV is determined by the current price of option contracts on a particular stock or future. It is represented as a percentage that indicates the annualized expected one standard deviation range for the stock based on the option prices.
    [Show full text]
  • Attachment J
    3/26/2018 How We Ranked the Brokers (2018) - Barron's This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/how-we-ranked-the-brokers-2018-1521854005 BEST ONLINE BROKERS How We Ranked the Brokers (2018) March 24, 2018 PHOTO: GETTY IMAGES/ISTOCKPHOTO Trading Technology: This category represents the overall workflow for placing an order as well as the order-routing technology. We evaluated the quality of the data available prior to placing an order with an emphasis on streaming real-time data. Real-time quotes are now standard prior to entering an order, so streaming data on the order entry ticket is preferred. We checked out the ways a trader is told that an order is executed, such as pop-up notices, an order-status update, and/or a text on a mobile device when the order fills. We looked for prefilled order tickets when closing a position, which eliminates possible errors during the closing process. A “Close” button when looking at a portfolio report is preferred. We also evaluated the options order-entry process, as well as mutual-fund, bond, and (when available) futures, commodities and foreign-exchange order-entry screens. Methods for placing conditional orders, such as one-cancels- another or one-triggers-another, were checked. The availability of price-improvement strategies and RELATED smart-order routing technology (which finds the best bid or offer) is necessary to earn top ratings in this category.
    [Show full text]
  • Essential Option Strategies
    k Trim Size: 6in x 9in Kinahan ffirs.tex V2 - 08/22/2016 7:04am Page i Essential Option Strategies k k k k Trim Size: 6in x 9in Kinahan ffirs.tex V2 - 08/22/2016 7:04am Page ii k k k k Trim Size: 6in x 9in Kinahan ffirs.tex V2 - 08/22/2016 7:04am Page iii Essential Option Strategies UNDERSTANDING THE MARKET AND AVOIDING COMMON PITFALLS JJ Kinahan k k k k Trim Size: 6in x 9in Kinahan ffirs.tex V2 - 08/22/2016 7:04am Page iv Copyright © 2016 by JJ Kinahan. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750–8400, fax (978) 646–8600, or on the Web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748–6011, fax (201) 748–6008, or online at http://www.wiley.com/go/permissions. Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose.
    [Show full text]