Even at four in the morning, the strip clubs and watering holes surrounding the Honolulu studio were still hopping. The recording engineer heard a car pull into the lot, and soon the biggest man he had ever seen walked in. When he stepped into the studio, the floated floor shifted beneath the engineer’s feet. Israel Kamakawiwo’ole engulfed the engineer’s hand in his and said, ‘Hi, bruddah.’
Foraging is fundamental to animal survival and reproduction, yet it is much more than a simple matter of finding food; it is a biological imperative. Animals must find and consume resources to succeed, and they make extraordinary efforts to do so. For instance, pythons rarely eat, but when they do, their meals are largeas much as 60 percent larger than their own bodies. The snakes digestive system is normally dormant, but during digestion metabolic rates can increase fortyfold. A python digesting quietly on the forest floor has the metabolic rate of thoroughbred in a dead heat. This and related foraging processes have broad applications in ecology, cognitive science, anthropology, and conservation biologyand they can be further extrapolated in economics, neurobiology, and computer science.
This hands-on workbook teaches you the most important trading strategies and how to apply them. You’ll find out how to identify, enter, manage, and exit a trade. The special format makes it easy to learn; illustrations, exercises, ‘what-if’ scenarios, and quizzes have you mastering the material in no time. The butterfly family of option strategies is covered, including: butterflies, iron butterflies, condors, broken-wing butterflies, pterodactyls, and iron pterodactyls. The Greeks–delta, gamma, vega, and theta–are also covered. Understanding the Greeks is essential to deciding how to apply the strategies.Anthony J. Saliba, widely known as a pioneer in the options industry, gives you the benefit of twenty-five years of experience on the trading floor. Joseph C. Coronoa, who has traded equity, equity indexes, fixed income, currency, energy, and commodities, has also delivered courses in advanced options trading and risk analysis to hundreds of traders and trading desks. He brings his experience in presenting complex material to this book, as does Karen E. Johnson who has spent much of the past fifteen years developing curricula and training programs for global financial institutions.
