FOREWORD

In this book, Options Spreads and Combinations, Scott takes the subject of options and option spreads and shows investors how they can be easy to understand through interesting, real world examples. Just as he does every week on CNBC’s Options Action and in his first book, Options Math for Traders, Scott takes what many have viewed as intimidating concepts and breaks down the barrier of entry for the self-directed investor. Scott has a wonderful ability to use his years of experience and vast knowledge of markets and rather than use industry jargon or high-level mathematics, he breaks things down to a level that is interesting and easy to grasp for all levels of investor—from the novice to the seasoned. This ability to relate to and write for people of all knowledge levels, without arrogance or condescension is impressive when you review his track record which includes being the brains behind the “Nations VolDex®” implied volatility index.

This book encourages you to dig deeper, through poignant examples and real-life situations that can help your decision-making process when you face similar situations. Most importantly, as Scott has done this for a living and has the “battle scars” to show for it, he helps you set realistic expectations. He is not here to give a fly-by-night or get-rich-quick scheme. He is helping you become educated in the theory and reality of options trading so you can put together a realistic game plan and give yourself the opportunity for options ...

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