The #1 Single-Source, Step-by-Step Reference to All Modern Options Strategies: Now Fully Updated! Extensively updated! Reflects today's markets and the newest strategies Walks you through each strategy step-by-step, helping you avoid costly mistakes Now introduces the exclusive OVI indicator: Use options data to get an edge in stock trades, too! By Guy Cohen, world-renowned options mentor and best-selling author (Options Made Easy) In The Bible of Options Strategies, Second Edition, options trader Guy Cohen systematically presents today's most effective strategies for trading options: how and why they work, when they're appropriate and inappropriate, and how to use each one responsibly and with confidence. Updated throughout, this edition contains new material suitable to both newcomers and advanced traders, covering practical considerations for all strategies including how and when to trade them and introducing Cohen's unique and proprietary OVI indicator. Practical from start to finish, this guide is modular, easy to navigate, and fully cross-referenced, so you can find what you need fast and act before your opportunity disappears. Cohen systematically covers every key area of strategy: basic puts and calls, income and volatility strategies, vertical spreads, rangebound (sideways) strategies, ratios, backspreads, and synthetic strategies. Even highly complex techniques are explained with unsurpassed clarity, making them more accessible than ever before. More than an incredible value, this is the definitive reference to contemporary options trading: the one book you need by your side whenever you trade. This is, quite simply, the most comprehensive, up-to-date, and usable guide to modern options trading strategies. Renowned options author and mentor Guy Cohen has brought together authoritative knowledge about every popular options strategy, for every type of trader and market environment. Cohen explains today's 58 most valuable strategies, helping you consistently choose the right strategy and execute it effectively. You'll learn each strategy's goal, the market outlook and volatility factors that make it appropriate, its potential risks and rewards, and how proficient you should be to use it. Most important, Cohen walks you through actual trades, one step at a time--with plenty of intuitive visuals to help you understand what you're doing, optimize each trade, and avoid dangerous pitfalls. Exceptionally well-organized and easy to understand, The Bible of Options Strategies, Second Edition, has been fully updated for today's market environment and includes many powerful new strategies. Cohen has even added a concise primer on his powerful OVI indicator, which translates your growing options knowledge into windfall stock profits. All you need to know to succeed with Basic options strategies Income strategies Vertical spreads Volatility strategies Rangebound (sideways) strategies Ratio spreads and backspreads Synthetic strategies