Includes index.

Includes bibliographical references.

Basic concepts: options vernacular -- The building blocks of options: introduction to calls and puts -- Synthetic relationships -- Directional strategies: vertical spreads -- Nondirection dependent strategies: straddles and strangles -- Strategies for directionless markets: butterflies, condors, iron butterflies -- Volatility spreads: ratio spreads and back spreads -- The 21st century trader: current technology and its evolution -- Appendix A: Final examination -- Appendix B: A word with Tony Saliba -- Appendix C: Contributor profiles -- Appendix D: Saliba's top four sites for options trading and trading tools -- Appendix E: Option strategies: profit and loss snapshots -- Index.