Know Your Rights
Written by Daily Options Report - 12/29/09
Yes, it’s The Only Anniversary That Matters, 30 years today from the original release of London Calling. I think “Know Your Rights” was on Combat Rock, but too lazy to Wiki it up.
Anyway, I’m in this biz for almost 22 years now, but I still learn from Mark Wolfinger’s great Options for Rookies site.
For a little refresher course, check out this post on the obligations and rights of options traders.
As I reply to questions or visit investment forums, I repeatedly encounter option beginners who are surprised by what they discover after making option trades.
That’s equivalent to paying money to enter a tournament, knowing the competition is out to take your money, and not bothering to learn the rules before getting started.
Yet it happens all the time.
Tagged as: know-the-ground, london-calling, post, rights, time
Adam Warner is the author of Options Volatility Trading: Strategies for Profiting from Market Swings due for release in October 2009 from McGraw Hill. He co-wrote the options column on Street Insight from spring 2003 to spring 2005, and is currently Options Editor at Minyanville.com.
When not writing, Adam is a proprietary option trader with Addormar Co, Inc. He traded as a member of the American Stock Exchange from 1988-2001, and in several off-floor locations since then.
Adam Warner graduated Johns Hopkins University with a degree in Economics.
Options Volatility Trading: Strategies for Profiting from Market Swings
"Options Volatility Trading educates novice to intermediate investors on the nuances of the volatility index (VIX), the psychology behind it, and the best strategies to employ during dramatic market shifts. It provides a solid grounding in historical volatility patterns, distortions created by market noise, and how to use tools other than VIX."
