Options, when used strategically can help investors control investment risk, capitalize on market opportunities, or enhance investment income. In order to maximize these opportunities, market participants must first grasp the fundamentals of options, including their attendant risk, features, & benefits. Options: Essential Concepts & Trading Strategies is an authoritative guide to options products & the tactics for incorporating them into an investment strategy. This easy-to-understand guide explains what options are, how they are priced, & how they are traded. Most importantly, it shows how options can enhance a portfolio's performance & help readers meet their investment objective. Covering Everything from the history of the options industry to the latest index options & products (including LEAPS, CAPS, & FLEX) this revised edition shows how to: Use options to protect profits, positions & portfolios; Make more informed, strategic decisions when buying or selling equity & index options- & avoid the most commo