OIW Ron Greeks

No matter what the investment, an investor needs to know and fully understand the potential risks of the investment prior to committing capital to that investment. In the options market, the Greeks define and quantify the risks of your position before you commit to the investment. Understanding the Greeks is a must for proper risk management. Further, the Greeks can also help you identify and select not only the proper strategy to fit the opportunity you selected, but also which specific options to use to create that specific strategy. Without a full understanding of the risks of an investment, an investor should never commit hard earned money. If you do not know your Greeks, you have no business being in the options market! Ron Ianieri – Ron started his career on the floor of the Philadelphia Stock Exchange working on the Foreign Currency Options Floor just after the crash of ’87. After two years he moved to the Equity Options Floor and was trained in option theory by well known technical and analytical traders Cooper, Neff and Associates. Ron then joined TFM Investment Group where he served as the Option Specialist in Dell Computer during the early 1990’s at a time when DELL was one of the busiest option books in the US. During this period, Ron began to develop his highly respected Option Trader Trainee Course. He later became a manager at a large, fast growing specialist unit, Gateway Partners, where he was an integral part of their expansion. Ron was responsible for hiring and training new trader trainees and finalized the development of his Option Theory and Trading Course. He also aided in the development of the firms proprietary trading and strategic risk management program that featured several sophisticated pricing models and analytic tools. During his years on the floor, Ron served on several Philadelphia Stock Exchange Committees including; the Marketing Committee, the Automation Committee, and the Electronic Book Development Sub-Committee. After a four year stint at Gateway Partners, he went off the floor and joined a locally based proprietary trading desk. Since then, Ron has consulted various mutual funds and hedge funds on investment selection protocols, risk management, and position and portfolio hedging techniques.

Optimizing the ABC Charting Formation

The ABC Charting Formation is one of the most basic and frequently occurring charting patterns that exist. Watch how this basic chart can be turned into a big payday with the use of options. Follow along as we use options to safely and easily follow the ABC’s charting pattern’s twists and bends. We start out with the most basic and most easily understood strategy, roll it, morph it and finally close it. Suddenly, this simple charting pattern, traded with the simplest option strategy, becomes a sophisticated looking trading strategy that is incredibly simple to use, fully hedged at all times, and very, very profitable! The concept of synthetics has always been fundamentally important to understanding options. Synthetics show us the mathematical relationship that exists between the stock, a call, and its corresponding put. This mathematical relationship not only relates the price of these instruments in relation to each other, but also shows how a call can be changed into a put, or a put can be changed into a call by simply adding the stock into the equation. Understanding synthetics allows investors the ability to morph positions from the wrong position to the right position quickly and efficiently. Understanding synthetics also allows investors to take advantage of the put/call skew we frequently see in the options market today. Ron Ianieri – Ron started his career on the floor of the Philadelphia Stock Exchange working on the Foreign Currency Options Floor just after the crash of ’87. After two years he moved to the Equity Options Floor and was trained in option theory by well known technical and analytical traders Cooper, Neff and Associates. Ron then joined TFM Investment Group where he served as the Option Specialist in Dell Computer during the early 1990’s at a time when DELL was one of the busiest option books in the US. During this period, Ron began to develop his highly respected Option Trader Trainee Course. He later became a manager at a large, fast growing specialist unit, Gateway Partners, where he was an integral part of their expansion. Ron was responsible for hiring and training new trader trainees and finalized the development of his Option Theory and Trading Course. He also aided in the development of the firms proprietary trading and strategic risk management program that featured several sophisticated pricing models and analytic tools. During his years on the floor, Ron served on several Philadelphia Stock Exchange Committees including; the Marketing Committee, the Automation Committee, and the Electronic Book Development Sub-Committee. After a four year stint at Gateway Partners, he went off the floor and joined a locally based proprietary trading desk. Since then, Ron has consulted various mutual funds and hedge funds on investment selection protocols, risk management, and position and portfolio hedging techniques.

The Art of Morphing

Every position is the right position when things go exactly as planned. Unfortunately, things do not often go exactly as planned in the market. When all goes right, it is easy to make money but when things go wrong losses follow. So, when things start to go wrong, what can you do? How can you get out of your bad position that is losing money and into the right position quickly and efficiently and get back to making money? The answer is morphing! Morphing is the process in which the wrong position is quickly and efficiently changed to the right position by simply adding to or subtracting from the current position based on an understanding of synthetic positions. Morphing is how the professional floor traders manage their positions to adjust to movements in stock price, time, and volatility. Ron Ianieri – Ron started his career on the floor of the Philadelphia Stock Exchange working on the Foreign Currency Options Floor just after the crash of ’87. After two years he moved to the Equity Options Floor and was trained in option theory by well known technical and analytical traders Cooper, Neff and Associates. Ron then joined TFM Investment Group where he served as the Option Specialist in Dell Computer during the early 1990’s at a time when DELL was one of the busiest option books in the US. During this period, Ron began to develop his highly respected Option Trader Trainee Course. He later became a manager at a large, fast growing specialist unit, Gateway Partners, where he was an integral part of their expansion. Ron was responsible for hiring and training new trader trainees and finalized the development of his Option Theory and Trading Course. He also aided in the development of the firms proprietary trading and strategic risk management program that featured several sophisticated pricing models and analytic tools. During his years on the floor, Ron served on several Philadelphia Stock Exchange Committees including; the Marketing Committee, the Automation Committee, and the Electronic Book Development Sub-Committee. After a four year stint at Gateway Partners, he went off the floor and joined a locally based proprietary trading desk. Since then, Ron has consulted various mutual funds and hedge funds on investment selection protocols, risk management, and position and portfolio hedging techniques.