Tools of the bear: how any investor can make money when stocks go down
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Chicago, Ill. [u.a.]
Probus Publ.
1993
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XIII, 222 S. |
| ISBN: | 1557384193 |
Internformat
MARC
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| 245 | 1 | 0 | |a Tools of the bear |b how any investor can make money when stocks go down |c Charles J. Caes |
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Datensatz im Suchindex
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| adam_text | Table of Contents
?
LIST OF TABLES vii
PREFACE ix
INTRODUCTION xi
PART 1 THE BASICS
CHAPTER 1 THE THREE WAYS 3
Stock Market Games 3
Stock and Options Market 4
Selling Stocks Short 4
Buying Put Contracts 6
Selling a Call Contract 7
Risk and Reward 10
CHAPTER 2 ACCOUNT PREREQUISITES 15
Margin for Long and Short Positions 15
Risky Business 21
Margin for Buying Puts and Selling Calls 23
iii
iv Table of Contents
CHAPTER 3 ORDER INFORMATION 27
Orders for Stock Trades 27
Orders for Options Trades 29
PART 2 SHORT SALES
CHAPTER 4 TYPES AND RESTRICTIONS 33
Basic Strategies 33
Speculating 34
Hedging 38
Shorting Against the Box 38
Arbitraging 39
Price Restriction Rule 40
Exceptions to Price Restrictions 42
The Controversy 42
CHAPTER 5 MARKET VIEWS 43
Money Makes Money 43
Market Indicators 46
Stock Selection 56
Technical Analysis 59
Fundamental Analysis 62
The Cost of Money 66
Endnotes 69
CHAPTER 6 PLAYING THE GAME 71
Sample Transactions 73
Equity Determination 74
Borrowing Power 75
Selling Power 75
Maintenance Margin Requirements 75
Review of Formulas 77
Stop Loss 78
Safety Play 80
Dual Position Accounts and Margin Requirements 81
CHAPTER 7 COMMON MISCONCEPTIONS 83
CHAPTER 8 GUIDELINES 91
Table of Contents v
PART 3 PUT BUYING
CHAPTER 9 UNDERSTANDING PUT OPTIONS 99
Disadvantages of Put Buying 100
Additional Advantages of Put Buying 100
Contract Terminology 103
Options Listings 104
Opening and Closing Transactions 107
CHAPTER 10 VALUE AND MONEY POSITIONS 109
Types of Puts 110
In-the-Money Puts 111
Out-of-the-Money Puts 114
At-the-Money Puts 116
CHAPTER 11 BASIC STRATEGIES 121
The Naked Buy 123
Long Stock and Long Put Hedge 126
Long Put and Long Call Hedge 128
The Long Put 128
CHAPTER 12 COMMON MISCONCEPTIONS 129
CHAPTER 13 GUIDELINES 133
CHAPTER 14 SPECIAL RISKS 137
Market Disruptions 137
Secondary Market Cancellation 138
Exercise Restrictions 139
Broker Insolvency 139
PART 4 CALL WRITING
CHAPTER 15 THE WRITER S PERSPECTIVE 143
Intrinsic Value 144
An Example of Call Writing 145
Disadvantages of Shorting Calls 147
CHAPTER 16 INCOME AND CAPITAL GAINS 149
Basic Terminology 149
Closing Transactions 154
Out-of-the-Money Calls 154
vi Table of Contents
In-the-Money Calls 159
At-the-Money Calls 162
Margin Math for Naked Writers 165
Hedging 166
Order Strategies 167
Spreads 167
CHAPTER17 COMMON MISCONCEPTIONS 169
CH AFTER 18 GUIDELINES 173
PART 5 THE MARKETS
CHAPTER 19 STOCK MARKETS 179
Corporate New Issues 180
Underwriting Procedures 181
Public Trading 182
Exchange Requirements 183
CHAPTER 20 PUT AND CALL MARKETS 185
The Chicago Board Options Exchange 185
OCC Membership 187
OCC Operation 188
Other Services 189
GLOSSARY 209
INDEX 219
¦¦r**sfc
List of Tables
?
1-1 Important Definitions 8
1-2 Disadvantages and Advantages of Bear Strategies 11
1-3 Comparing Terms 12
2-1 Federal Reserve Margin Requirements for Stock Purchases and
Short Sales 18
2-2 Selected Margin Requirements Set by the Board of Governors of
the Federal Reserve System 19
2-3 Margin Requirements for the Three Ways 25
4-1 Effects of Stock Dividends 36
4-2 Effects of Stock Splits 37
4-3 Short Säle Price Restrictions 41
5-1 Money Making Money 44
5-2 Major Indicators 47
5-3 The Dow Jones Industriais 48
5-4 The Dow Jones Transportation Stocks 49
5-5 The Dow Jones Utility Stocks 50
5-6 Relative Directions of Major Indicators on a Typical Trading Day 51
5-7 New Highs/New Lows 52
5-8 CBOE Put-Call Ratio 53
vü
viii List of Tables
5-9 Bear Signals 55
5-10 Arms Index 56
5-11 Closing Tick Indicator 57
5-12 Important Formulas 64
5-13 FiguringP/E Ratios 67
5-14 Sample Stock Listings 68
6-1 Schedule D 72
6-2 Figuring Borrowing Power in Short Accounts 76
6-3 Figuring Selling Power in Short Accounts 76
6-4 Figuring Minimum Maintenance Requirements for Short Accounts 78
7-1 Safety Plays 84
7-2 Comparative Money Rates for Money Market Instruments 85
7-3 Results of Annual Compounding of Interest 86
8-1 The Business Cycle 92
8-2 Financial Panics 96
9-1 Put Premiums and Stock Prices 101
9-2 Basic Differences Between Selling Stock Short and Buying Puts Long 102
9-3 Options Terminology 104
9-4 Typical Newspaper Options Listing 105
10-1 TypesofPuts 111
10-2 In-the-Money Puts 115
10-3 Advantages, Disadvantages of Buying In-the-Money Puts 116
10-4 Out-of-the-Money Puts 117
10-5 Advantages, Disadvantages of Buying Out-of-the-Money Puts 117
10-6 At-the-Money Puts 118
10-7 Advantages, Disadvantages of Buying At-the-Money Puts 119
11-1 The Basic Strategies 123
16-1 TypesofCalls 151
16-2 Basic Differences Between Selling Stock Short and
Selling Calls Short 152
16-3 Advantages, Disadvantages of Writing Naked Out-of-the-Money Calls 155
16-4 Advantages, Disadvantages of Writing Naked In-the-Money Calls 163
16-5 Advantages, Disadvantages of Writing Naked At-the-Money Calls 165
19-1 Location of U.S. Stock Markets 180
19-2 Chartered Stock 181
20-1 Sampling of U.S. Listed Options 191
20-2 Sample Stock Listings 207
20-3 Typical Listing of Foreign Currency Options 208
|
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| spelling | Caes, Charles J. Verfasser aut Tools of the bear how any investor can make money when stocks go down Charles J. Caes Chicago, Ill. [u.a.] Probus Publ. 1993 XIII, 222 S. txt rdacontent n rdamedia nc rdacarrier Options (Finance) Handbooks, manuals, etc Stocks United States Handbooks, manuals, etc Anlagepolitik (DE-588)4206018-7 gnd rswk-swf Börse (DE-588)4007502-3 gnd rswk-swf USA USA (DE-588)4078704-7 gnd rswk-swf (DE-588)4048476-2 Ratgeber gnd-content USA (DE-588)4078704-7 g Börse (DE-588)4007502-3 s Anlagepolitik (DE-588)4206018-7 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017013866&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Caes, Charles J. Tools of the bear how any investor can make money when stocks go down Options (Finance) Handbooks, manuals, etc Stocks United States Handbooks, manuals, etc Anlagepolitik (DE-588)4206018-7 gnd Börse (DE-588)4007502-3 gnd |
| subject_GND | (DE-588)4206018-7 (DE-588)4007502-3 (DE-588)4078704-7 (DE-588)4048476-2 |
| title | Tools of the bear how any investor can make money when stocks go down |
| title_auth | Tools of the bear how any investor can make money when stocks go down |
| title_exact_search | Tools of the bear how any investor can make money when stocks go down |
| title_full | Tools of the bear how any investor can make money when stocks go down Charles J. Caes |
| title_fullStr | Tools of the bear how any investor can make money when stocks go down Charles J. Caes |
| title_full_unstemmed | Tools of the bear how any investor can make money when stocks go down Charles J. Caes |
| title_short | Tools of the bear |
| title_sort | tools of the bear how any investor can make money when stocks go down |
| title_sub | how any investor can make money when stocks go down |
| topic | Options (Finance) Handbooks, manuals, etc Stocks United States Handbooks, manuals, etc Anlagepolitik (DE-588)4206018-7 gnd Börse (DE-588)4007502-3 gnd |
| topic_facet | Options (Finance) Handbooks, manuals, etc Stocks United States Handbooks, manuals, etc Anlagepolitik Börse USA Ratgeber |
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