Bloomberg Press
Option strategies for directionless markets; trading with butterflies, iron butterflies, and condors.
Saliba, a trader and trainer in options, provides readers with tools and tactics to address a sideways, or directionless, market — one that is neither bull nor bear. He focuses on strategies in the butterfly family of options — butterflies, condors, and iron butterflies. He illustrates numerous market scenarios to show when and how to apply the butterfly strategies, with details on how to identify, enter, manage, and exit a trade. Chapter concept reviews, exercises, quizzes, and answers are included. An interview with the author gives more advice on using the strategies in real-life situations. Appendices offer a glossary and a final exam with answers. (Annotation ©2008 Book News Inc. Portland, OR)