Copyright © 2016 by JJ Kinahan. All rights reserved.
Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
Published simultaneously in Canada.
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Although JJ Kinahan is an employee of TD Ameritrade, the views expressed are his own, in his individual capacity, and do not in any way represent the views of TD Ameritrade, Inc., its employees or affiliates. This information is not published by TD Ameritrade and should not be considered an endorsement by TD Ameritrade of any particular investment strategy, product or service described therein.
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Library of Congress Cataloging-in-Publication Data is available.
Names: Kinahan, J. J., 1963- author.
Title: Essential option strategies: understanding the market and avoiding
common pitfalls / J. J. Kinahan.
Description: Hoboken: Wiley, 2016. | Includes index.
Identifiers: LCCN 2016021570 (print) | LCCN 2016036186 (ebook) | ISBN 9781119263333 (hardback) | ISBN 9781119291541 (ePDF) | ISBN 9781119291510 (ePub)
Subjects: LCSH: Options (Finance) | Investments. | BISAC: BUSINESS & ECONOMICS / Finance.
Classification: LCC HG6024.A3 .K556 2016 (print) | LCC HG6024.A3 (ebook) | DDC 332.64/53 – dc23
LC record available at https://lccn.loc.gov/2016021570
Cover Design: Wiley
Cover Image: Stock market candle graph © Butsaya/iStockphoto
I began trading options on the floor of the CBOE in the early 1980s, just a few years before JJ. Back then, we were trader indifferent, which meant we would trade anything with anybody. Today, we would say the same about our approach to the products and strategies that we choose. These days, the counterparty to our trades is a computer with theoretical algorithm with unlimited funding. Back then, it was some kid just like us – nervous and sweating while trying to make a few eighths.
JJ and I traded together, played together, worked together, and learned together. Luckily, we were among the survivors. We excelled at our craft by managing our egos and not getting caught in the fat tails (volatility) of a few explosive moves. But the business changed as it grew exponentially, and open outcry faced certain extinction around 2000.
