Preface

The Elusive Goal: Low Risk and High Yield

The market invariably brings you both good news and bad news. The bad news: Markets are volatile and risky, and any capital placed at risk could result in losses—sometimes catastrophic losses. The good news: These market risks can be hedged effectively using conservative options strategies.

Coupling the words conservative and options might seem surprising. After all, the long-standing reputation of the options market has been exotic, high risk, and inappropriate for many (if not most) investors—both institutional and retail.

This does not have to be the case.

The options market is becoming increasingly recognized as much more than a form of pure speculation. Growing numbers of investors are ...

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