Home > Business & Economics > Economics > Weekly Options Trading to Maximize Your Capital: After America Recovers from Market Collapse Oct 08
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Weekly Options Trading to Maximize Your Capital: After America Recovers from Market Collapse Oct 08

Weekly Options Trading to Maximize Your Capital: After America Recovers from Market Collapse Oct 08

          
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About the Book

The US and the World financial systems collapsed in the Fall of 2008 which caused the US Treasury to initiate bailouts for several major US corporations. The US Fed lowered the interest rates to zero %. The US Congress and Treasury provided bailouts to prevent corporations such as GM, AIG and banks from collapse. A big chunk of AIG's payments, $22.4 billion of $118.4 billion, was made to Wall Street firms like Goldman Sachs (GS Quote), Bank of America (BAC Quote), Merrill Lynch and Morgan Stanley (MS Quote), as well as to foreign banks like Societe Generale, Deutsche Bank (DB Quote) and Barclays (BCS Quote). These firms bought Credit Default Swaps (CDS) from the insurer. CDSs insure counterparties against major losses on debt investments. As the value of those investments declined, AIG was obligated to provide collateral payments to the firms that purchased CDS. This worsened the economic decline. The OEX S&P 100 index fell from 560.90 on 25-September-2008 to 411.90 on 27-October-2008, a drop of 149 points, or 26.5% in one month. This was the October 2008 stock market collapse. During this same period my OEX weekly options trading capital went from $4,242 to $6,189, or an increase of $1,948, or 45.9%. In other words, when the stock market fell by 26% the weekly option trading value rose by 45.9%. I want to show the reader how to trade OEX weekly Options. These weekly options open on Friday to expire the following Friday. Chapter 2 details the easy to use Weekly Option trading strategies.
About the Author: Jon Schiller received the BS in Physics from Caltech and the PhD in Electrical Engineering and Mathematics from University of Southern California, where he served for several years as an Adjunct Professor, directing research in personal computer software and hardware. The author has more than 25 years experience in options trading where he observed closely global financial actions. The index options strategies he used survived huge rises and drops in the market. His latest strategy is to use OEX weekly options opening positions on Friday to expire profitably the next Friday.


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Product Details
  • ISBN-13: 9781450543187
  • Publisher: Createspace Independent Publishing Platform
  • Publisher Imprint: Createspace Independent Publishing Platform
  • Height: 229 mm
  • No of Pages: 180
  • Series Title: English
  • Weight: 249 gr
  • ISBN-10: 1450543189
  • Publisher Date: 17 May 2010
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Spine Width: 12 mm
  • Width: 152 mm


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