Spread trading―trading complex, multi-leg structures--is the new frontier for the individual options trader. This book covers spread strategies, both of the limited-risk and unlimited-risk varieties, and how and when to use them. All eight of the multi-leg strategies are here: the covered-write, verticals, collars and reverse-collars, straddles and strangles, butterflies, calendar spreads, ratio spreads, and backspreads. Vocabulary, exercises and quizzes are included throughout the book to reinforce lessons. Saliba, Corona, and Johnson are the authors of Option Strategies for Directionless Markets. Hands down the definitive guide on spread trading. Must reading for any professional who wants to learn directly from one of the top leaders in the options industry.” ―Larry Connors, CEO TradingMarkets.com “An excellent guide for learning how to trade option spreads. Saliba offers in-depth discussions on how and when to employ these advanced strategies and how to manage the risk of each position.” ―Peter Lipski, trader Pan Capital “ Option Spread Strategies: Trading Up, Down, and Sideways Markets is an invaluable addition to any market resource collection. The book concisely walks through the dynamics of spread strategies and guides the reader though the return and risk metrics of the trades. . . . This is a must-have book for anyone seriously undertaking options investing.” ― Chip Norton, Managing Director of Research Fortigent Tools and tactics for sideways markets Making trades in a directionless market can be a challenge, and directionless markets occur more frequently than bull and bear markets combined. Options pioneer and noted author Anthony J. Saliba provides readers with the tools and tactics to address a sideways market. Saliba focuses on strategies in the butterfly family of options―butterflies, condors, and iron butterflies―showing how to use these sophisticated tools in these markets. This hands-on guide illustrates numerous market scenarios to show you step-by-step how and when to apply these butterfly strategies. You’ll find out how to identify, enter, manage, and exit a trade. Exercises and quizzes test your comprehension to help you obtain the knowledge to tackle directionless markets. “With detailed and insightful discussions on strategy application and position management, this book offers a tactical approach―something I have not found in other books.” Göran Ekman Head of Sales, Financial Training, OMX Anthony Saliba is the founder of International Trading Institute, Ltd. (ITI), which has trained thousands of traders worldwide. He is a recognized pioneer and leader in the options industry. Saliba is quoted frequently in the financial media. In July 2007, Saliba’s firm, LiquidPoint, LLC, became part of BNY ConvergEx Group, a leading global agency brokerage and investment technology firm. Saliba is a director of BNY ConvergEx Group and continues to serve as president and CEO of LiquidPoint. Joseph C. Corona is an adjunct instructor at ITI and is a frequent speaker at industry conferences. Karen E. Johnson serves on the board of directors of ITI. Used Book in Good Condition