Sell Options Like An Engineer
Author | : Kevin Hamilton |
Publisher | : Tiblio, Inc. |
Total Pages | : 16 |
Release | : 2020-07-01 |
ISBN-10 | : |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Book excerpt: A truly great software engineer does not hope for success. A truly great software engineer designs success into their process. In every process, there is the happy path scenario, whatever happens when everything goes right, and then there are many other scenarios. The software has to be written for all scenarios. As such, the methodology presented here discusses all scenarios that can take place after you place a trade and even takes those scenarios into account in the very design of the trades (the strategies). I believe this is the best way to trade options and that this follows the intent of the existence of the options markets to begin with. Everything we do, suggest, or talk about goes with the flow of the markets. Everything is risk defined, and everything is rather low anxiety. This book isn’t about how fast you can react to market changes, or how good you are at adjusting your positions to keep your options out of the money. Use this book to guide you through the methodology that I follow everyday to reduce my cost basis and generate income while I sleep by selling options.