The Options Playbook, Expanded 2nd Edition: Featuring 40 strategies for bulls, bears, rookies, all-stars and everyone in between.

Get ready to sharpen your options game with the Options Playbook.

The Options Playbook was created to demystify options trading and teach all types of investors different plays for all market conditions.

Written by Brian Overby, Senior Options Analyst at Ally Invest, he'll give you clear, easy-to-understand explanations of more than 40 of the most poplar option strategies broken down into a play-by-play format.

If you're new to options, head over to the Rookie's Corner for the basic definitions and concepts, common beginner mistakes to avoid and introductory plays to get your feet wet.

For more experienced traders, Brian dives into an expanded section on implied volatility explaining how this handy variable can be used to find the potential range of the stock over the options life. He provides a detailed section on pricing variables (Greeks) to help you understand how an option's price is affected by changes in market conditions. Plus, you'll learn how time decay and change in implied volatility can affect your trade after it's in place and how to recover if things don't go according to plan.

Like any good coach, Brian Overby's handy insights help you put theory into successful real-world trading without the confusing jargon and any unnecessary mumbo-jumbo.

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options that accompanies The Options Playbook and available ally.com/invest/ODD. Options investors may lose more than the entire amount invested in a relatively short period of time.

Securities products and services are offered through Ally Invest Securities LLC, member FINRA (finra.org) and SIPC (sipc.org). View Security Disclosures at ally.com/invest/disclosures/#securities.

Ally Invest Securities LLC, Ally Invest Advisors Inc. Ally Invest Group Inc., P.O. Box 30248, Charlotte, NC 28230