Michael Thomsett

Michael C. Thomsett is a widely published author with over 80 business and investing books. His publishers include John Wiley & Sons, FT Press, Palgrave Macmillan, and Amacom, among others. His specialty is options trading and he has also written several books on related topics, such as technical analysis and candlestick charting.

Among his best-selling books is Getting Started in Options (John Wiley & Sons), in its 9th edition as of 2015 and with over 300,000 copies sold. This, plus an additional 10 other options books, makes Thomsett the most widely published options author in the United States. He also recently published Profiting from Technical Analysis and Candlestick Indicators (FT Press), A Technical Approach to Trend Analysis (FT Press), and other options books released by several publishers. Thomsett also teaches options classes for Moody’s Analytics and is an instructor with the New York Institute of Finance. He is a frequent speaker at investment trade shows and conventions.

Thomsett’s concept of trading options is based on analysis of charts for underlying stocks and timing trades based on indicators in the form of candlesticks, traditional price patterns, volume indicators, moving averages and  momentum oscillators. This concept, which he has named “signal correlation,” was tested over a two-year period involving 578 options trades. In this test, 91.5% of trades were profitable, which is 2.8 times better than the market (DJIA annual returns were 13.5% annually versus 37.8% average for the two-year test. A peer-reviewed paper documenting this study is being published in 2015 by the Journal of Technical Analysis).

The author resides near Nashville, Tennessee and writes and teaches full-time.

 

Recent Articles By The Author

Cummins, Kellogg and Twitter: How to Profit Using Stock Options

Cummins, Kellogg and Twitter: How to Profit Using Stock Options

After earnings surprises, prices tend to move to an exaggerated degree, and to then correct. This sets up great opportunities for swing trades with options.

Amazon Shares Are Falling Friday -- Here's How You Can Profit

Amazon Shares Are Falling Friday -- Here's How You Can Profit

Amazon's earnings selloff won't last. Here's a stock options trade that will profit from the inevitable bounce higher by the stock.

Don't Expect McDonald's Earnings Beat to Help the Stock -- Here's Why

Don't Expect McDonald's Earnings Beat to Help the Stock -- Here's Why

McDonald's better-than-expected earnings report isn't going to help the stock. here's how you can use stock options to profit.

Monsanto's Stock Jumped Above Its Range and Will Likely Fall Back

Monsanto's Stock Jumped Above Its Range and Will Likely Fall Back

The stock's big price increase after better-than-expected earnings will lead to a retracement and very soon.

McDonald's Shares Are Poised to Move Higher -- Here's How to Profit With Stock Options

McDonald's Shares Are Poised to Move Higher -- Here's How to Profit With Stock Options

Technical analysis reveals that McDonald's shares are positioned to make a bullish move. You can use stock options to make money from the coming rally.

Toll Brothers Stock Will Move Lower Soon -- Here's How to Trade It

Toll Brothers Stock Will Move Lower Soon -- Here's How to Trade It

Toll Brothers shares surged on better-than-expected earnings, but the stock is likely to correct lower. Here's how to profit using stock options.

Sears Stock Looks Weak -- Here's How to Profit With Options

Sears Stock Looks Weak -- Here's How to Profit With Options

Sears (SHLD) stock should go lower. Here's how to profit using stock options.

Tyson Foods Stock Will Rebound -- Here's How to Trade It

Tyson Foods Stock Will Rebound -- Here's How to Trade It

Tyson Foods stock (TSN) dropped 9.76 points on Monday on a negative earnings surprise. But the drop is exaggerated and likely to lead to a rebound.

Amazon Stock Poised for a New Upward Move -- Here's How to Trade It

Amazon Stock Poised for a New Upward Move -- Here's How to Trade It

Amazon stock has fallen to the bottom of a 120-point bearish trend. Now the bulls appear to be ready to take over.

J.C. Penney Stock Will Move Lower Again -- You Can Profit Using Stock Options

J.C. Penney Stock Will Move Lower Again -- You Can Profit Using Stock Options

J.C. Penney's (JCP) stock price jumped about 4% Friday, but you should expect a reversal. Here's how to trade it.