Welcome to mdwoptions.com
It's more than a tag line - it's our mission.
This site is dedicated to providing investors with the knowledge and tools required to make money with options. If you want to know about us, click the tab above.
Does investing in today's stock market concern you? Are you afraid you may miss out on potential profits if the market soars? At the same time are you worried that recession is at hand and that the markets may tumble? Would you like to participate in the stock market, but with less risk? Options are for you.
We take options education seriously and have seen too many investors, hoping for the best, buy (or occasionally) sell options before understanding how they work. Only then do they ask the questions that should have been asked earlier. But, it's usually too late and money has already been lost.
Our experience tells us that it's vital to understand that options can be used to reduce the risk of investing. Thus, it's important to learn the most basic concepts of options. With that knowledge, you can begin trading in a practice account (paper trading) to gain useful experience before investing your own money.
Contrary to the statements of people looking to sell you expensive seminars or software, options can be your road to a solid financial future - but not to making a pile of money immediately. You can choose to gamble, and you may get lucky. But options were invented as tools to reduce risk, and if you learn to use them conservatively, and if you take the time to really understand what an option is and how an option works, your chances of making good money over the longer term are significantly enhanced.
Anxious to get started? Here's a page devoted to the most basic concepts of options.
Check out our Education page for other web sites that offer good educational materials at no cost.
Our Books
The Rookies Guide to Options is an introduction to options (including the essential information that many
authors omit) for people with little
or no experience using options. You will learn six basic strategies that will
enhance your investing profits. But, more importantly, you will discover
how to maintain the value of your portfolio by learning how to adopt important risk management techniques.
This book will be useful for years to come because it includes some advanced topics, allowing
you to increase your options knowledge, and thus, your profitability, as you gain the benefits of trading with (rather than without)
really understanding why you are making and losing money. Yes, losing money. Do not expect that every trade will be a winner
and that every month will be profitable. But if you follow our advice, the odds will be in your favor
and your bankroll should show steady growth year after year.
The Beginner's Handbook of Trading Equity Options
**To buy the book at a discount, enter code: 3WMWRG here.**
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Published by W&A Publishing 
Click image to enlarge cover. Click new image to read back cover. Buy directly from the publisher. (Click 'shop' in upper left, then 'current catalog.'Enter code for a 15% discount: 3WMWRG |
The Rookie's Guide to Options provides the investor with a thorough options education. It contains everything you need to know to begin making money with options.
Six basic strategies are taught in detail:
This book teaches you how to think as a successful, experienced trader thinks.
When you decide to open a position, there's seldom a 'best' option (or spread) that suits every investor. You will learn:
Questions about the new book? Send mail to
rookies@mdwoptions.com If you landed here searching for seminars that cost thousands of dollars and make many promises, look elsewhere.
We emphasize teaching you how to make money by hedging (reducing the risk of owning)
your stock market investments. We conduct reasonably priced seminars that are geared to your specific needs and arranged to suit your schedule. We've written three books for investors who are learning about options.
"The Rookie's Guide to Options," our newest book, was released in early 2008. Most beginners love the gambling aspect of buying options and many so-called option experts tell investors that
buying options represents the road to riches. Beware. It's very difficult (not impossible, but it is difficult) to
consistently make money when buying options.
If you follow our suggestions, will not be buying options and hoping stocks make a favorable move.
Instead you'll be collecting cash when trading option spreads (simultaneous trade of two, or more, different options).
VIX Data
The VIX
(CBOE volatility index) is something of which you should be aware. Click here for a brief discussion.
Graphs
of the data are available (VIX Graph) tab above. Last updated May 9, 2008.
Many strategies can be used when trading options. To succeed over the long-term, risk management is
an essential skill. The Rookie's Guide explains how to manage the risk of each strategy, making it much more likely that you
will keep your profits.
We don't teach you how to use a strategy and then leave you stranded to figure out what to do next. The Rookie's Guide to Options
shows you how to think about a
position. How to make the initial trade, how to adjust (if necessary) and how to close a position.
If you trade index options rather than options on individual stocks, The Rookie's Guide to Options explains the crucial
characteristics of these European style options that makes them very different from the more common American style options.
We'll show you the simple step you can take to eliminate the extra
risk associated with trading index options.
For information on private consultation or group lessons, send
email or clcik tab at top of this page.
We periodically write an article with basic information about trading options. The topic is constantly changing.
Return to see the latest discussion.
Current
Column: May 2008
Some topics
(volatility, theoretical values) require an in depth discussion.
These are important to your better understanding of options. But, there's no hurry. I suggest you begin with the basics.
A calculator is provided that allows you to determine
a theoretical (or fair) value for an option.
Use the Site Map to find all of the features of this site.
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