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| Introduction | |
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| Futures: The Concept and the Reasoning | |
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| A basic function of good business | |
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| A good deal for both buyer and seller | |
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| Commodity Options: A Checkered History | |
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| A change in direction | |
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| Glossary | |
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| Taking Advantage Of How Options On Futures Work | |
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| Versatile Tools to Meet Every Investor's Needs | |
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| Options offer maximum leverage | |
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| Strategies For Every Investment Goal | |
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| A 500% profit | |
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| Leverage works both ways | |
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| The price you pay to limit risk | |
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| The Basic Elements of Options | |
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| The "Premium" On Options | |
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| Two factors determine the premium | |
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| The Intrinsic Value of an Option | |
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| Time value considerations | |
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| Options Are "Wasting Assets" | |
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| No limit on some option price moves | |
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| How Options Are Traded | |
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| Strike prices and trading months | |
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| Strategies Using Options On Futures | |
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| A Plan for Virtually Every Market Condition | |
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| Basic Strategies Using Options On Futures | |
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| What Happens If You're Wrong | |
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| Plotting the Possible Scenarios | |
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| Strategy number one: buying a call | |
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| Trader First--Gambler and Banker Second | |
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| Strategy number two: buying a put | |
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| Deciding To Get Out Early | |
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| Writing Options On Futures | |
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| Strategy number three: writing a naked call | |
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| Two Other Key Points for Option Writers | |
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| Strategy number four: writing a naked put | |
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| Spreads and Straddles: Playing Option Against Option | |
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| Placing orders for combinations | |
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| Strategy number five: the vertical bull spread | |
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| The Put Picture Looks the Same | |
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| Strategy number six: the calendar call spread | |
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| Variations On Risk/Reward Projections | |
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| The Diagonal Spread | |
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| Strategy number seven: the vertical bear spread | |
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| Strategy number eight: the calendar put spread | |
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| Straddle Strategies | |
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| Strategy number nine: selling a straddle | |
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| The Modified Straddle Strategy | |
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| Strategy number ten: buying a straddle | |
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| Combining Options With Actual Futures Contracts | |
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| Strategy number eleven: covered put purchase | |
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| Strategy twelve: covered call purchase | |
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| Additional Options and Futures Combinations | |
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| Bying puts to lock in profits | |
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| Buying calls to increase profits | |
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| Writing calls against long futures | |
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| Buying futures and writing calls | |
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| Conclusion | |