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ISBN-10 0133811735ISBN-13 9780133811735
ISBN-10 0133811662ISBN-13 9780133811667
Author(s): Michael C. Thomsett
Publisher: FT Press
Copyright year: © 2014 Pages: 336

To protect portfolios in today's volatile and uncertain market environment, institutional investors need to hedge losses, create extra sources of income, and reduce risk. In his extensively updated and expanded Options Trading for the Institutional Investor, Third Edition, renowned options expert Michael C. Thomsett shows how to do all this effectively.

One step at a time, Thomsett helps you exploit powerful, carefully chosen options strategies that can dramatically increase overall returns as you manage risks within your institution's limits. Writing specifically for institutional investors, Thomsett discusses covered call writing on carefully selected stocks, contingent purchase strategies, and powerful "combination" strategies that produce cash to bolster current income. Thomsett guides you through every strategy, using actual examples, portfolios, and graphs taken directly from today's markets. Wherever applicable, he addresses specific forms of risk and volatility that only institutional investors face.

This thoroughly updated Third Edition includes a chart-based analytical method that relies on reversal signals in the underlying as an alternative to volatility analysis. Thomsett presents new chapters on two powerful strategies he has developed and utilized to optimize returns while minimizing risk: the 1-2-3 Iron Butterfly, and the Dividend Collar. This edition also adds detailed new coverage of risk evaluation.