As an active trader in today?s market, you are faced with unprecedented challenges. Dramatic price swings in equity, debt, and currency have made it tougher than ever to manage and trade risk. But with great risk, of course, comes great opportunity? and Advanced Options Trading delivers a detailed system for successfully trading options in a highly volatile and unpredictable global market. Noted options educator and owner of his own brokerage house, Kevin M. Kraus explains the best practices for using options to capture premium, reduce equity purchase prices, manage the costs of buying options, and control portfolio risk?critical skills for finding steady profits in our ever-shifting economic landscape. He offers a close examination of the nature of volatility and what it means for investors, whether they?re just getting started or are veterans of the options market. Advanced Options Trading covers:The critical nature of forward-looking implied volatilityWays to level the volatility playing field with optionsTechniques for adding value to a portfolio while managing riskThe functions of price hedging? and how to do it effectivelyInterest rate options and which factors drive debt marketsOptions analysis techniques