This long awaited eBook is the first of a multi-part series of options trading eBooks that will teach you how you can use the Elliott Wave Principle to improve your options trading.
Elliott Wave International Senior Tutorial Instructor Wayne Gorman looks at vertical spread strategies that are designed mainly to exploit sharp price movement in one particular direction, including:
• Bull Call Spread
• Bear Put Spread
• Bear Call Ladder
• Bull Put Ladder
• And more!
Drawing from 25 years of market experience – much of which involved options trading with the Wave Principle – Wayne shows you through real-life market examples how the Wave Principle can help boost your options trading.
Here's what you will learn:
• Which wave patterns provide the highest-confidence options trading opportunity – and which ones do NOT
• Which wave position provides you with the optimal market situation
• Which time frames work best with each options trading strategy
• How to apply Elliott wave rules and guidelines, including Fibonacci ratios
• Where and how to set entry, price target and exit levels
• How to better determine whether or not to hold the position until expiration
• How to achieve the optimum risk/reward ratio by attempting to maximize potential profit and yield, and minimize potential loss.
• How to better manage situations that involve uncapped risk
• How to fine tune strike prices and expiration dates
• What type of Elliott wave structure should precede your entry point and why
• And MORE!
