O'Reilly logo

The Option Trader’s Hedge Fund: A Business Framework for Trading Equity and Index Options by Mark Sebastian, Dennis A. Chen

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

10. Operating the Business: Putting Together TOMIC 1.0 from A to Z

Is there a secret sauce for making a successful option trading business? There is. One of the best books on learning to be a salesman is You Can’t Teach a Kid to Ride a Bike at a Seminar, by David Sandler. As the title of his book conveys, you probably will not learn everything that you need if you don’t trade. You will need to trade many times until you learn how to be consistent and make money.

In this chapter you’ll find guidelines for operating TOMIC. To succeed at TOMIC, it takes commitment, dedication, and practice. So far, you have reviewed the ingredients. You have examined the most used trades: vertical spreads, calendar spreads, iron condors, butterflies, and ratio spreads. ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required