Everything you need to know to understand and profit from investing in optionsGetting Started in OptionsPuts and calls? Striking prices? Time values? If you feel unsure about investing in options, you're not alone. Options have only been traded since the 1970s-so even the most seasoned investor may feel intimated by them. But don't let the seeming complexity of this unique investment vehicle frighten you away from the potentially lucrative opportunities to be found in options investing. This straightforward guide thoroughly demystifies the options markets, helping you understand how they work, where they can fit into your personal financial picture, and how you can reap healthy returns from them. In nontechnical, easy-to-follow terms, Getting Started in Options, Fifth Edition arms you with the knowledge you need to make informed decisions about choosing stocks, tracking options, selling calls, and much more-including how to utilize the many new online resources.You'll learn how to: Master options terminology and conceptsSet up a plan based on your specific investment goalsRead the mark et and spot specific risks associated with each type of optionUnderstand time values, striking price, and expiration-and use them effectivelyHedge and speculate like a seasoned proUse options as insurance against losses in stock investmentsPick the brokerage firm that's right for youProfit in these exciting markets and enhance your portfolioFilled with new examples, updated charts, and timely additions to reflect important changes in this market, Getting Started in Options, Fifth Edition is a perfect primer to the world of options. In nontechnical, easy-to-follow terms, this text seeks to thoroughly demystify the options markets, distinguishing the imagined risks from the real ones, and arming investors with the facts they need to make informed decisions. This guide to understanding options includes such new material as references to online sites relevant to options investors; information on how to pick brokerage firms; detailed explanations of risk; bailout points; how to pick stocks for options investing; and how put options can enhance portfolio returns. This fifth edition also contains examples, updated charts, and timely additions to reflect important changes in the market.