Binary Options

Alex Nekritin 지음

Wiley 2012년 12월 06일 출간

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The first comprehensive guide to trading a unique class of options to manage risk and make smarter bets during volatile tradingProviding savvy market players with a way to react quickly to event-driven opportunities and trends, exchange traded binary options are a unique type of derivative instrument offering fixed risk and reward. Available on four asset classes-stock index futures, commodity futures, Spot Forex and economic data releases-they are distinctly different from regular put/call options in that their pay-out structure offers only two potential outcomes, or settlement values: 0 or 100. The first guide focussing exclusively on this fast-growing sector of the options market, Trading Binary Options examines the key differences between regular options trading and binary options trading and describes how binary trading is done. It also gives you the lowdown on the most successful binary trading strategies and how and when they should be deployed. Outlines a rigorous approach to trading directionally around specific events, such as an earnings release, a shift in currencies, or a release of economic dataProvides the first comprehensive coverage of an increasingly popular but poorly understood trading instrumentOffers in-depth discussions of the six characteristics that distinguish binaries from other options and that make them such an attractive vehicle for hedging risk and improving returns

목차

Foreword xiPreface xiiiacknowledgments xviiPart I Introduction to Binary Options 1Chapter 1 What are Binary Options? 3On What Asset Classes Are Binary Options Available? 3Binary Options vs. CBOE (Vanilla) Put/Call Options 10Advantages/Disadvantages of Binary Options 13Reasons to Trade Binary Options 14Part II Binary Options theory 17Chapter 2 What Does Binary Mean? 19Components to a Binary Option 20Long Trading 22Short Trading 24Chapter 3 Pricing 29Strike Price 29Time Value 30Price as a Natural Market Consensus 32Reading a Binary Option Chain 35Part III Trading Binary Options 41Chapter 4 Binary Options Contract Collateral 43Margin and Debit Risk of Vanilla Options and Futures 43Collateral Explained 44Binary Options Expiration Values 44Collateralizing a Long Trade 45Collateralizing a Short Binary Options Trade 50The Mechanics of a Binary Options Short Trade 50Chapter 5 Settlement 59Settlement on Binary Option Long Trades 59Commissions and Fees 73Chapter 6 Entering and Exiting Binary Option Trades 75Reading Quotes 75Reading an Order Ticket 76Exiting Trades 78Exiting Your Trade before Expiration 81Chapter 7 Keys to Trading Binary Options and More Examples 95Gold Binary Examples 96Copper Binary Examples 99Part IV Binary Options Trading Strategies 105Chapter 8 Volatility Trading Explained 107Taking a Volatility Long Position (Buying Volatility) 108Regulating Success Probability and Payout with Strike Prices 111Taking a Volatility Short Position (Selling Volatility) 113Regulating Range and Payout with Strike Prices 116Max Loss, Collateral, and Max Profit Summary Table 120Cha

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저자(글) Alex Nekritin

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Alex Nekritin is CEO and President of TradersChoiceFX, TradersChoiceOptions, and TCForex, one of the largest introductory brokers in the world. Mr. Nekritin has been trading in equities, options, futures, and Forex very successfully for more than a decade. He holds a degree in finance with a concentration in derivative instruments from Babson College in Wellesley, Massachusetts. Alex#39;s work has been featured online at FXStreet.com and TradingMarkets.com.