About This Book:
THE SECRET TO PROFITING FROM OPTIONS:
THINK LIKE A PROFESSIONAL OPTION TRADER, NOT A STOCK TRADER!
Understand the unique dynamics of options trades and markets
Practical, concise insights based on actual option trading scenarios
Master trade selection, risk management, and more
By professional options trader Michael Benklifa, best-selling author of Profiting with Iron Condor Options
Want to win in options? You must think like a professional option trader. Step #1: Get rid of the habits you learned in stock trading: they’re killing you! Step #2: Understand the real dynamics of options markets: they are radically, fundamentally different.
Example: When stock traders look at price, they see information. Option traders see probability, time, and volatility. Example: Stock trading is about having an information advantage. Option trading can be about exploiting a lack of information. Example: Stocks either go up or they don’t. Option trades can be structured for a 90% probability of success.