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Options strategy training materials

  #1 (permalink)
 harryguy 
st. louis missouri
 
Experience: Intermediate
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I'm looking for a book or website that describes complex option strategies for futures markets like the Iron Condor, Iron butterfly, strangles, straddles, and put and call spreads. I need it to completely explain how they are constructed, have examples, and profit loss graphs included. I service agriculture hedgers and am trying to put together some training literature for the ones new to options.

Anyone have suggestions?

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  #3 (permalink)
 
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 casey44 
Louisville KY
 
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harryguy View Post
I'm looking for a book or website that describes complex option strategies for futures markets like the Iron Condor, Iron butterfly, strangles, straddles, and put and call spreads. I need it to completely explain how they are constructed, have examples, and profit loss graphs included. I service agriculture hedgers and am trying to put together some training literature for the ones new to options.

Anyone have suggestions?

Google < tastytrade.com > and will see various links about them, shows, etc...

I'd recommend these two below for starters.
“Learn” https://tastytrade.com/tt/learn (And use magnifying glass icon to search for anything in particular)

“Shows” https://tastytrade.com/tt/shows (Scroll down to 'Splash into Futures' for shows with Pete Mulmat. Here's his bio: https://tastytrade.com/tt/bio/pete-mulmat

I've only dealt with a few people there but have found them to be accessible, welcoming of questions, and responding promptly.

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 myrrdin 
Linz Austria
 
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harryguy View Post
I'm looking for a book or website that describes complex option strategies for futures markets like the Iron Condor, Iron butterfly, strangles, straddles, and put and call spreads. I need it to completely explain how they are constructed, have examples, and profit loss graphs included. I service agriculture hedgers and am trying to put together some training literature for the ones new to options.

Anyone have suggestions?

Have a look at the books of Lawrence G. McMillan. He describes these topics in detail and with examples.

Best regards, Myrrdin

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  #5 (permalink)
 harryguy 
st. louis missouri
 
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Thanks guys. That was just what I was looking for.

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 trvlntrdr 
Reno, NV
 
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I would also recommend OptionAlpha.com
Education is mostly free. I do recommend TastyTrade as well, i think they vary similar philosophies. (Primarily selling options and trying to take advantage of volatility decay and time decay). But I think Options Alpha site is well organized and more efficient for learning. But i have learned from both.
T

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 suko 
Kyoto, Japan
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Take the knowledge from Tastytrade but don't necessarily trade the way they do.


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