This book is designed to be a reference book and also a practical book, written for traders. It's a book about options strategies that are commensurate with a specific style of option trading. Chapter 1 addresses the basic staregies, including buying and selling stocks. Chapter 2 is all about income strategies.In chapter 3 the writer cover vertical spreads, where we buy and sell the same number of the same options but with different strike prices. Chapter 4 goes into volatility strategies and is bound to be popular as the income strategies chapter. In chapter 5 the authors reverse and explore those strategies that benefit from decreasing volatility after you've placed the trade. Chapter 6 identifies the ratio spreads and backspreads, where you're using increasing leverage to increase your return. Chapter 7 looks at synthetic strategies that mainly mimic other strategic goals, using a combination of stock legs and put legs. Lastly, chapter 8 investigates some of the taxation issues that will confront you during your trading careers
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