Book Description
Swing trading is gaining popularity as a powerful method to increase returns—and potentially lower risks—by profiting from short-term price moves. The Master Swing Trader explains how traders can use technical analysis, charting, and market sentiment to make trades that hold through price fluctuations and noise with wider stops. This complete, practical guide to making profitable short-term trades—based on the author’s popular “Mastering the Trade” online course—uses dozens of charts and graphs to illustrate proven swing trading concepts and strategies. Experienced day, position, and online traders will benefit immediately from: - The 7 Bells – unique tools to uncover promising short-term prospects - Techniques to profit from low-risk short sales - The 4 repeating cycles for perfectly timed trades
Download Description
The Master Swing Trader explains how traders can use technical analysis, charting, and market sentiment to make trades that hold through price fluctuations and noise with wider stops.
Customer Reviews:
A good, if hard to read, trading book.......2007-07-28
I felt the need to post a review because it seems to me most reviewers think the only options for rating a product are 1 a 5. To preface: I'm a college student who has recently been looking into technical analysis. This book was recommended to me by a friend. I don't claim to be an expert in trading.
First of all, I have to agree, this book is incredibly hard to read. The author comes off as an over-verbose pretentious individual.
Difficulty aside, this book gives you an incredible wealth of information on trading. I couldn't disagree more with a past reviewer who claims that this book is marketed as a "Get rich quick". I feel this book is quite the opposite. It gives you a very practical overview of many of the popular indicators and TA techniques(as opposed to say, the introductory explanation as offered in Murphy's) as well as lots of general tips to aspiring swing traders. It then goes on to outline some very thoroughly defined trading systems and all the knowledge needed to execute them.
This book is long and to be honest, painfully boring sometimes. However if you are looking to increase your knowledge of trading, I feel this is a book that should definitely be considered. Look elsewhere if you want a quick weekend read.
No substance.......2007-04-18
There are some good principles in the book, but its way to easy to get lost in all of the repetition and blandness. The section on fibonocci retracements was useful and seems to work well for me in practice; however, I didn't get much else from the book.
One of the Best.......2006-11-12
I had read a lot of reviews over this book before deciding to purchase it. The reviews--more than any trading book out there, at the time--pretty much had the vote split between people who absolutely hated it and those who absolutely loved it. The deciding factor that lead to my purchase was the author (a professional trader of many years) of another book who spoke highly of "The Master Swing Trader"'s author, and the work he had done in writing this piece.
This is not a fluff book to hook you into trading. This book is geared towards those few individuals out there who wish to make trading a profession, rather than a passing fancy. I read a large number of those fluff books during my decision to become a professional day trader. I wish I had picked up this book first, because it goes into all the techniques I now use today in order to be successful. Not only does this book discuss the various trading techniques and their set-ups, along with all so important exit strategies, but more importantly it discusses why price moves in certain directions, why it jumps forth, why it breaks down--basically, it offers rare insights into the psyche of the trading crowd that is the market (all those traders out there who are competing against you).
The writing style has been berated as too 'text-book' in presentation, but I beg to differ. It flows with an elegant prose that distinguishes the author not only as a true trader, but also as a true writer who can hook those who wish to relate to the generously offered insights. Only those who have been through the grueling battles in actual trading scenarios and who hunger to know why things went right or why they went wrong, will appreciate this work and set it up on their bookshelf next to the other trading classics.
If you are used to simplistic writing such as can be found on any dimestore bookshelf, with the likes of Stephen King, this elevated work may certainly be beyond your grasp. If, however, you can digest proper grammer and get past poetic prose, this book will open a window rarely seen before. It is probably one of the best all around trading books ever written.
Good luck to those aspiring traders who hunger to understand market sentiment.
WOW...just wow.......2006-11-09
What a horrible book. The writing style of the author is horrendous! Impossible to follow or even comprehend what he is trying to teach. All the information in this book is readily available online. Save your money and buy "Mastering the trade" by Scott instead.
Solid Technical Trading Book.......2006-09-24
First, I agree that the author needs to learn how to write properly. Some of his thoughts are all over the place, and need some work. His editor must have been a complete moron. Nevertheless, after going through the material, I felt the book had some good trading ideas to offer, if your familiar with technical analysis. The seven bells are a useful place to start looking for trading setups, and are the most valuable part of this book. With that said, John Carter's Mastering The Trade is much, much better if you had to only buy one book. If the author edits his writing a little bit better, stops trying to be like Shakespeare (go write fiction if you want to do this big guy), his book would be much improved. It would also be useful to see some stats on how his 7 bells do in actual trading. He sometimes makes comments like an 65-80% of the time it will work... well I could tell you the Tooth Fairy is real, too, but show me some evidence!
Book Description
As serious and sophisticated investors know, options are a viable and increasingly popular way to enhance their portfolios. Yet even the most savvy investors need instruction.
Now in its third edition, The Options Workbook has been updated and reformatted in a larger, more convenient, and user-friendly design. Three all-new chapters explain key trading concepts-volatility, the collar, and the covered call-and show how these can be applied to mitigate risk and increase profits. What’s more, this fresh edition incorporates additional interactive content-exercises, hands-on tools, and lessons that complement the in-depth curriculum on ITI’s Web site, www.itichicago.com.
Customer Reviews:
Options workbook for Dummies.......2007-09-25
I picked up this book in preparation for an interview I was having in the equity structured products desk at Morgan Stanley. Although I had taken a Financial Derivatives class at Wharton, this book helped explain the basics. It goes through all of the fundamental and basic strategies, as well as spreads. The value in the book is in doing the examples and working out the max gains, loses, break-evens etc. It seems basic but as you begin to put together more complex trades these exercises stay with you and guide your understanding. The book also does a decent job of explaining the Greeks and volatility. You won't come away ready to put on any overly complex trades, but you might be comfortable putting on your first call back spread knowing what your risk and reward profile is.
I was confused about options until I read this book.......2007-07-16
I am an amateur stocks and options trader. I have read, and continue to read, many books about the markets, about stocks, and about options. Options are more interesting to me than any other investing medium because of the ability to make quick gains and because of the innate limitation of losses. With so many options plays in existence, it's easy to get confused.
I picked up The Options Workbook and it cleared away much of the mystery of options investing. This book outlines the most common options plays including spread concepts, butterflies, condors, and many other trading techniques. It contains a primer that teaches about the Greeks, and about how to read the fundamentals on potential investments.
I didn't find a lot about chart reading technique n this book, but you can get that from other excellent books. Part of this book's strength is found in its quick charts that show, at a glance, exactly how to execute most options strategies for upward and downward moving markets. Since I have read this book, I have traded nothing but options and have grown my portfolio steadily. I'm no longer interested in buying stocks; they are simply too expensive and slow moving.
Hope this helps.
- Craig Nybo, co-author of Total Human: The Complete Strength Training System
Excellent learning book for technical option learning.......2006-07-09
This books explains most option constructions and how to calculate there potential profit. If you need to train yourself in spreads concepts, this training manual is for you. First the spread is explained and then some calculation examples are given. Don't expect a when to use these spreads manual. It's not there. This is a excellent book for training yourself in setting up all kind of option structures and know what the costs are and profits. Also all the Greeks are explained in detail, and the first manual that makes it understandable for me :-)
Skeptical.......2006-03-03
I am skeptical over the reviews of this book. I bought it but returned the book to Borders after a surprise check on Amazon.com on the reviews by so-called "readers" here. If you look at the review dates, all were dated around May-June 2002. If you're not convinced, click on each reviewer and most of them actually did only review (5 stars) for this book. Who knows, it could be a marketing tactics? I went over to check Barnes & Noble and it was exactly the same.. reviews were all done from May-June 2002 then full-stop. So I'm not saying anything, I did buy the book for 2 days, but I was not impressed. No thanks.
Basic Simple Review.......2006-02-19
Good book for the basics of understanding the mechanics of options but not a lot of use for actual trading. It really is light on useful fundamental concepts you should use to trade - maybe that's what you get in the additional products they have for sale.
Customer Reviews:
Not pragmatic. Too much talk........2007-07-28
The ratio of talk to concrete examples is 85% to 15%. I like straight to the point books, that can and should reinforce important points but keep the fluff to a minimum...
Option Trading for the Conservative Investor.......2007-07-21
Great book if you are considering doing options in your IRA or Roth. Author is very straight forward in pointing out pit falls with a number of option stradegies that could get one into trouble and on the flip side those that work that will build your portfolio over time. I also liked that the author spent some time on tax implications of Options that other authors never speak about. Author could have spent some time on how one searches for stocks that fit the conservative option stradegey, i.e. how to use filters and screeners in various web sites.
Not so conservative.......2007-06-17
Overall lots of information, but Thomsett does not fully explain the risks involved with selling covered calls. Essentially all of his model portfolio would have been in the money after selling the Leaps wtih in weeks. Rolling would not be practical as one could only roll up for the 27 month Leaps. Selling a Pepsico 27 mo. Leap at 50 with a current price (in Sept of '02) of 48.48 netted a $4.30 premium. The stock hit $50 within a month or so and was at about $63 by expiration. The only way out would be to roll up (at an ever increasing cost), hold for two years, or buy back the call. For the average investor (including myself) seems a bit complicated. If after selling a call, the price falls, the risk is even greater. One would need to close out the call by purchasing it back before selling the shares or risk having a naked call. The stradles described later in the book may reduce risk but for most trading accounts managing margin is not for the faint of heart. Definitely read this book with a large grain of salt and thourghly understand the risks associated with such options trading.
Conservative in Some Respects.......2007-05-28
Essentially a book that attempts to frame options trading in a world where your fundamental analysis of a company will drive strategy. The basic assumption of this book is that you can effectively analyze the fundamental strength of a stock and that you can execute several options strategies to increase the income generated from the stock. However, many of the strategies presented still require one to utilize technical analysis (e.g., choose strike prices based on support-levels), as well as provide little in the way of strategy modiifcation if the company's fundamentals change during the life of a call. This is a good book for developing some new investment strategies, however the reader will benefit if they have a good understanding of technical analysis as well.
Good advice but too repetitive.......2007-05-20
This is one of those books that while it has good advice and might actually be nice for someone not knowing that much about options (of which I am one) the book repeats itself over and over. The same ideas could have been presented in one fourth the number of pages. The author's other book "Getting Started in Options" covers more basics, gives better examples, is much better for beginners, and is a much much better way to spend your money.
Book Description
"COVERED CALL WRITING DEMYSTIFIED" is a timely and profitable tutorial investment program written as a novel, primarily for investors who have some knowledge of stock market investing but are new to covered call writing. It is the first work on this subject to simplify, fully explain, and instruct investors on how to use covered call option writing on common stocks. It may offer one of the best opportunities to achieve double-digit investment returns in the slow growth or no growth stock market expected by many experts in the future. This strategy works best in such a market environment. The investment approach of writing covered call options on stocks, a more conservative investment strategy than just owning stocks alone, has been available for decades. Until now, however, it has mostly been unknown or misunderstood by many investors.
Why is "COVERED CALL WRITING DEMYSTIFIED" needed? Many nationally recognized investment experts believe that the U.S. stock market in the future will most certainly produce significantly lower returns than the high returns of the past for many years to come. Some noteworthy examples:
* "The long-term prospects for equities in general is far from exciting." - Warren E. Buffett, The Chairman's Letter, Berkshire Hathaway, Inc. 2000 Annual Report, Page 3. "If you own equities, over the next twenty or thirty years you'll get a reasonable return…maybe its 6%, maybe its 7%. People who expect 15% a year are doomed to disappointment." - Interview with Warren Buffett by Maria Bartiromo of CNBC TV; May 3, 2003
* "Over the next century you should expect your share prices to average 6% (return) a year. Over the next five years, ten years, I think you'll be lucky to come out even on share prices." - Sir John Templeton, pioneer in the mutual fund industry, Business Center, CNBC TV Interview; October 1, 2001
* "The Dow has gone absolutely nowhere for three, coming on four years now. I think this will last maybe for another ten years." - John Bollinger, noted technical analyst and creator of the "Bollinger Bands," CNBC TV Interview; October 29, 2001
"It's wise to have realistic expectations on the overall returns you can expect in the stock market, which over time should clock in at about 6% to 7%. The days of double-digit annual returns are probably over for some time to come." - Suze Orman, "The Financial Connection."
"COVERED CALL WRITING DEMYSTIFIED" is unique because:
(1) A detailed investment program is outlined for personal implementation to assist investors in achieving consistent double-digit returns utilizing covered call writing on common stocks. This investment strategy is most effective in a slow growth or no growth stock market, as is projected in the future by so many investment experts.
(2) The entire subject matter is centered on a focused area of standardized options...covered call writing on stocks an investor owns or acquires in the future.
(3) A complete education on the subject is provided.
(4) Unlike other books about options, it is easy to understand by any investor. The book is written as a novel, which increases reader interest and ease of comprehension.
(5) Numerous easy-to-use Microsoft® Excel templates on a CD/ROM for PC use as well as manual worksheets are provided with the book to assist in making specific investment decisions regarding which covered calls to write on stocks, to effectively track results, and for other planning purposes.
(6) Practical application exercises are included at the end of the chapters to personalize the information provided and assist with profitable planning and execution.
Customer Reviews:
Not worth the money.......2004-01-11
I generally will not trash a book that is targeted at the novice but this will be an exception. First, I am a novice at options investing so should have been right in the middle of the target market for this book. Fact is, I learned more just searching the Internet while I was waiting for the book to arrive than I learned from the book. It is just too simplistic. All the knowledge contained in this book could have been conveyed in a 20 page pamphlet rather than this 300+ page puff piece with its wide margins and large fonts. A true disappointment.
waste money and time.......2003-09-13
Too simple. Explain simple points in length boring stories. It wastes my money and time.
Low risk strategy only with the right timing tools.......2003-09-07
I am a professional trader, in other words I have been making a living exclusively trading stocks and options for the past few years.
My experience has been that covered call strategy is low risk only if you have the right timing techniques to alert you to reversals. Unfortunately this book lacks in that area.
Let us take the example where you get a $1 premium on a $20 stock by selling a covered call say at a $20 strike. It is true that if the stock declines to $15 you lose $4. If on the other hand you had the timing techniques that could alert you to a reversal , you should have bought the $20 strike call back with say the stock at $19 for $0.25 making a $0.75 profit and sold a $15 strike call for $4+ which you can then close for a profit when the stock goes to $15. Waiting for the option to expire is not always the right strategy. The issue is how can you tell if there is a pending reversal and this is where timing is critical . Using these strategies you can indeed achieve double digit returns just by taking advantage of the stock short term movements.
While this book is a good introduction;to get the most benefit from this book you need to supplement it with another that focuses more on timing.
Too much emphasis on Return, not enough on Risk.......2003-09-02
This book is a good overview of covered calls for investors new to this strategy; one of the best I have seen. However, the book discusses primarily return, and minimizes discussion of risk, which I believe is a disservice to new covered call writers. Covered call writing is NOT a low risk strategy. It is LOWER risk (i.e., lower than simply owning stocks), but it is not LOW risk, and there is no guarantee of achieving the double digit returns which are advertised as being presumably easy to attain. Covered call writers still assume ALL the risk of owning stocks, less the call premiums received.
For example, it is very easy to view a $1 premium on a $20 stock as a +5% return when the transaction is initiated. But if the stock declines to $15 upon expiration, the total return is actually -$4 (-20%), which would wipe out several months of gains from other successful covered writes. This outcome is a very real possibility, even though in this book there is little discussion of this outcome or what to do about it, or, better yet, how to prevent it.
Another good book on Covered Calls is "New Insights on Covered Call Writing", which more thoroughly explains the risks involved with a covered write investment program.
As with any investment strategy, it is best to (1) learn as much as possible, (2) make sure both reward and risk are understood, and (3) practice on paper before jumping in with real funds. Toward this end, I found both books very helpful.
DON'T MISS THIS IF YOU ARE NEW TO CALL WRITING.......2003-08-13
This book has gotten a bum rap from a couple of people who consider themselves experienced covered call writers. Didn't they read in the book description that this book is designed for people that are new to this discipline? That's what I was until I read two of Kadavy's books on covered call writing. They are a lifesaver. So don't be misled. If you are an expert at this already, you probably don't need this book. But if you are new to the subject and want a detailed program for how to do it and make steady solid investment returns, this is the one.
Book Description
Originally published almost a decade ago, LeRoy Gross's authoritative, yet highly accessible book has been the only resource available for conservative investors looking to further their investment goals with options. Now, with a new Introduction by the bestselling author Larry McMillan, The Conservative Investor's Guide to Trading Options has been updated to help market practitioners of the present garner the same rewards reaped by investors of the past.
Using the clear, balanced approach he used with his clients during a long career in the securities industry, Gross explores the various options strategies most frequently employed with individual stocks, examines the risk factors associated with each, and offers a unique perspective on how to use options as a hedging tool. From buy stock/write call to sell stock/buy call, the strategies covered are designed to help investors be better able to increase stock income, reduce stock risk, and seek stock profits. In addition to recommended systems, Gross also points out those that conservative investors should avoid, including naked cal writing, calendar spread, and call option butterfly spread.
With clear, easy-to-understand explanations, here's where you'll find complete details on:
* Reading and understanding option tables.
* Entering option orders.
* Negotiating commission discounts.
* Understanding the language of options trading with a complete glossary.
Filled with practical examples and no-nonsense information, this is essential reading for all those who want to expand their portfolios using conservative option strategies.
Customer Reviews:
Good Book That Covers Things Other Text Don't Mention.......2005-09-23
This is one of the better texts on conservative options strategies. It's the only book I've read that discusses the time and record keeping requirements needed to implement options strategies. This is particularly relevent to those interested in covered call writing.
Some specific recommendations in the text have been made obsolete since the emergence of online ($8 commission) trading. This has greatly increased the profit potential of shorter term positions in covered call writing. In past times, longer holding periods, and rolling of options was needed to overcome the effects of high commission prices. Now, shorter holding periods, even on in the money positions, usually yields higher profitability; contrary to the advice in the book.
This is still a very good text, and well worth reading.
Practical and Conservative Option Trading.......2005-08-05
This book does a good job of identifying the less risky types of option trades an individual investor would want to do. It goes through the various strategies with mathematical examples in a common sense approach. It does not, however, go into the theory of options which I think is necessary to use them effectively and to assure their pricing is reasonable. Larry McMillan on Options is an excellent in-depth book on option theory.
Well-Written, Crisply Edited.......2002-02-13
Before reading this, or any, options book, one should go to [website] and study the subject thoroughly. Once you know the basics, this book can be appreciated. Note: unless one has at least about $5000, someone should quite probably stick to buying calls or puts (which the author, the late Mr. Gross rightfully labels as an 'aggressive' strategy), depending on the market's and a stock's overall outlook.
This book is at its best when used by someone with more than $5000 (and preferably more like $10,000) who can use the time-tested hedging strategies effectively detailed here. Investors on a tighter budget would likely do better with Charles Caes'"Tools of the Bull" or "Tools of the Bear" (the "Bear" book can be easily adapted to using in a bull market also). Options investors should also know some technical analysis, John Murphy's "Charting Made Easy" is a good, cost-effective source.
The layout of this book is clean and makes it easy to read. Gross was a good writer, relaying his ideas clearly to the reader. Any options book will confuse a beginner, learn them first at [website].
This is a great one.......2000-09-07
Most trading books give you well chosen examples of how great their methods work. Rarely the risk and downside. This one shows you the strategies, and the risks if it all goes wrong, as well as the potential profits. It walks you through clear examples and describes over a dozen strategies in a simple manner. Some I surprisingly wasn't familiar with. For example, this is one of the few option texts that mentions and walks though calendar spreads.
If you can't understand this book, you shouldn't be trading options. It is one of only 4 option texts I have kept in my library. The only criticism I have is that this book was written before discount brokers, the commissions weren't updated in the examples. You should not be without this one. Larry McMillan wouldn't be involved if it wasn't first class.
Another good one is Trester's "The Complete Option Player".
Difficult to read........1999-10-02
The idea for this book is a good one, but the execution is not. It is hard to read and follow. Options are confusing enough anyway without confusing writing about them.
Average customer rating:
- Best-written Book concerning Greeks
- Finally....
- Good but many, many errors. Were the editors asleep?
- Too many errors to be used as a definitive resource
- Outstanding primer
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Fundamentals of Options Market
Michael Williams , and
Amy Hoffman
Manufacturer: McGraw-Hill
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ASIN: 0071363181 |
Book Description
Options are an investment vehicle that can enhance virtually any investment philosophy. Fundamentals of the Options Market provides a clear, concise picture of this global marketplace. Using examples drawn from contemporary financial news, this completely accessible guidebook describes why and how these versatile tools can be used to hedge risk and enhance return, while explaining popular products including listed stock options, index options, and LEAPS.
Customer Reviews:
Best-written Book concerning Greeks.......2007-04-09
It's about time that someone writes a well-written book about the greeks. Now I understand the stuff.
This book reads to you like you are a baby. It taught me the greeks in a simple manner.
Finally...........2002-06-23
Finally, a book about options that is understandable and helpful. The book has been reprinted so the errors that the other readers referred to have been corrected. I loved it!
Good but many, many errors. Were the editors asleep?.......2002-04-05
The authors appear to know their subject well. I would recommend this as a beginner-to-intermediate introduction to fundamentals except for the numerous errors.
Some errors are like "typos" such as 6 instead of 60, some are more serious and subtle such as specifying a call when a put was meant, and some are fundamental structural problems with the book. For example, the Quiz answers don't match the chapters to which they purportedly provide answers, and in some cases only some questions are answered anyway.
The errors are so numerous, and some of a type that they won't be caught by the average beginner, that it might be dangerous for a beginner to rely on this book as a reference or as an only introduction to options.
I'd really like to have a completely "cleaned up" copy, as I think that could make this the best introduction that I'm aware of.
Too many errors to be used as a definitive resource.......2001-10-04
As an instructor in equity options for a major market making firm, I've been looking for an introductory text to supplement the lecture material presented in our training classes. While MacMillan and Natenberg have written great books on the topic, the former is not specific enough to our market making business and the latter is too advanced for the beginner. In looking for something in between these two fine works, someone suggested to me the Williams/Hoffman book. It has been unsatisfactory in several respects. Explanations of some concepts appear out of context with the material being covered, some others are very muddled, and some are just plain wrong. The book also suffers from a trait common to many traders-turned-authors in that while the authors may be very knowledgable about their subject they aren't very good at conveying - at least in book form - that knowledge to others. While students with previous exposure to options concepts may be able to overcome these deficiencies, I wouldn't recommend this book to the beginner. The beginner would be much better served by picking up MacMillan's timeless classic.
Outstanding primer.......2001-04-02
This book covers all the basics and a little beyond of option trading. Well written and organized.
Book Description
Get the acknowledged industry classic – revised and updated to deliver everything from time-honored options concepts to strategies for individual and institutional investors and traders. Every stock trader or market maker, whether currently involved with options or not, should own OPTIONS: ESSENTIAL CONCEPTS AND TRADING STRATEGIES, THIRD EDITION. Written by today's leading options practitioners—and edited by The Options Institute, the globally renowned Educational Division of the Chicago Board Options Exchange—OPTIONS leaves no stone unturned in delivering the most complete, authoritative, and easy-to-understand blueprint available for navigating the profitable twists and turns of today's options marketplace. No-nonsense, packed with useful information, and valuable as either an introductory textbook or a comprehensive fingertip reference source, this thoroughly revised and updated edition details: What options are, how they are priced, and how they are traded; Basic option trading strategies such as covered writing and protective puts; Advanced strategies involving LEAPS and the stock repair strategy; Options from three points of view: private investor, institutional investor, and market maker; How to use the power of the Internet for trading and detailed information gathering. The well-organized, thought-provoking, and dependable ideas found here will help you use options to increase the returns in virtually any investment mix. The comprehensive answers to a wide range of options questions, as well as insights into the latest options trading strategies, cover: Option Market History – From early transactions to latter-day innovations including LEAPS and index options, knowledge of options industry history will help you intuitively understand and trade profitably today; Essential Concepts – Fundamentals of options pricing theory and their relationship to market prediction, stock selection, and risk management; volatility explained; and introductory strategies from long call to covered strangle; Investing and Trading Strategies – Discussions of how to approach and understand "investing" strategies that focus on ownership of an underlying equity versus "trading". strategies with no intent to hold the underlying stock; plus, the function of market makers ; Real-Time Applications – Institutional case studies; how to use options as an indicator of price moves for an underlying stock; using the Internet for instantaneous trades and information; plus, a comprehensive glossary of option market terminology. OPTIONS, THIRD EDITION, takes the guesswork out of trading options and gives you the information you need to become a savvy options trader. So get your questions together, and use this step-by-step guidebook to develop option strategies that meet your investment objectives: hedging your stock market risk, increasing your portfolio income, or improving your trading results.
Download Description
The most complete, authoritative, and easy-to-understand blueprint available--bringing you everything you need to know about today's options marketplace.
Customer Reviews:
Find another book on Options........2003-12-07
This is definitely not an easy reading book. It's essentially a dry college textbook, drier then most Physics textbooks. I am not too sure why people like this book. It's rated fairly high, which was why I initially bought it, but now I regret it. The book is written by multiple authors, therefore some chapters are better then others. But overall it's difficult to read because in some areas, the descriptions are too terse, in others too detailed to the point of confusing. I've owned this book for almost three years and I've never been able to consistently read through it. I will drop it because it's too frustrating. Then I try again a couple of months later and I drop it again. I essentially gave up and decided to go ahead and read Lawrence McMillan's Option book. His book has a better flow because it's the same author throughout, and he does a pretty good job of explaining the subject. This book is only good for probably a reference book, but not for advancing your techniques of Options trading. I am going to try and sell this book instead of using it as a reference.
A thorough walk through options trading.......2001-03-08
This book is somewhat like 'A Random Walk Down Wallstreet" only applies to option trading, not just Wall Street and goes beyond.To the nit wit that blasted this book, I seriously doubt if he took the time to read it.I also recommend Safety First Investing and Wall Street Money Machine for more option techniques.Good books.
Can't say enough good stuff about this book.......2001-01-16
Wow, amazing, excellent, insufficient superlatives to describe my feelings - this one and Sheldon Nattenberg's Option Volatility and Pricing and you know more than most of the wall street professionals in my opinion. I found it practical and insightful, particularly with respect to the institutional trading strategies and how the trading floors operate.
An Excellent Overview of Options.......2000-07-04
This book presents a highly readable overview of the subject of options and I would recommend it to anyone. I have not been able to find one book on options which is as wide ranging in its scope (i.e., history, pricing, strategy, individual and institutional investors' approaches, how the trading floor operates, how market makers trade, etc.). The authors have struck a good balance between depth of the subject matter and readability. There are more detailed texts available in the area of strategy (McMillan's _Options as a Strategic Investment_) or pricing (Natenberg's _Option Volatility and Pricing_), but I would especially recommend this book to individual investors interested in options. After reading this book they will have a much stronger footing from which to approach the forementioned other books (which are also excellent, by the way).
The previous reviewer's comments should be disregarded as I cannot conceive of anyone writing about this subject matter any more clearly (yes, I have read both of Fontanills' books) -- the authors appear to have put much effort into this book judging by its clarity, and one nitwit's daffy comments should not dissuade you!
Misses the mark for a practical book.......2000-05-30
I was very disappointed by this book. I had attended some free events by the OIC and purchased this book at their encouragement.
It is not easy to follow, does not cover the subject in an easy to understand manner. They try to publish to justify their existance.
I prefer an number of other books that hit the mark - McMillan, Natenburg and of course the master of all option trader's Fontanills.
Book Description
McGraw-Hill’s classic options bestseller, Options for the Stock Investor, has been updated to reflect changes in the options market. This extensively revised second edition features all-new material describing electronic trading, decimalization, and single stock futures, along with increasingly popular vehicles such as stock indexes, LEAPs, and exchangetraded funds. The CD-ROM contains all-new OP-EVAL II software, which eliminates guesswork while providing handson information on spreads, position Greeks, and “what-if” forecasting and graphing features.
Customer Reviews:
Good, Basic Info.......2006-03-15
This book was recommended by an old-timer at Schwab. Worth the price but gives a false impression of how options actually work. Prevailing prices make most spreads, "stock price recovery" schemes worthless. I'm a Newbie, so use Salt.
The Great Value of Properly Traded Options.......2005-12-07
In the past I had lost money virtually every time I ventured into the option's market. Thanks to this book I now understand what I had been doing wrong. It completely opened my eyes. I now understand how the market works. More importantly, I now know how to use options to my advantage. I still don't score a hit every time, but since reading the book I have realized a substantial net profit.
Product Description
Online trading has unlocked the secrets of the trading floor for budding investors worldwide. It has leveled the playing field among market participants, and more people are making money in the financial markets than ever before. Whether you re just entering the world of online trading or are already a Level II player, you will find practical advice and insightful ideas to incorporate into your trading practice. SFO, the premier American journal on stocks, futures and options, has published some of the most successful traders and market analysts in the field today. With this book, we ve done the rip-and-save for you by selecting the best articles from SFO over the past six years, from authors like William O'Neil, chairman and founder of Investors Business Daily and New Market Wizard Linda Bradford Raschke. You ll find practical advice like how to set up your home office with the right equipment, how to develop a solid trading plan and how to incorporate technical analysis into your trading decisions.SFO Personal Investor Series: Online Trading is an essential manual for your online trading toolbox. In addition, this comprehensive anthology includes: articles from 28 of the most knowledgeable traders in the industry;dozens of charts and graphs; a complete index to assist you in finding pertinent topics of interest; and full glossary of trading terms.
Book Description
THE SHORT BOOK ON OPTIONS is just that: a concise easy to understand primer that first teaches the basics of stock options and then offers a hands-on approach to using options in a conservative manner. Beginning with a description of what an option is and how an option works, THE SHORT BOOK ON OPTIONS takes the reader on a journey from learning the language of options to being prepared to trade. The book provides detailed answers to these important questions: What are the steps involved in trading options? Why would you want to sell a stock option?
What do you have to gain?
What do you have to lose? How do you choose which option to sell? THE SHORT BOOK ON OPTIONS is especially useful for long-term buy and hold investors, owners of a self-directed retirement plan, investment club members or anyone who wants to increase the performance and safety of his/her investment portfolio. The author teaches a conservative strategy focusing on profitability and safety. By the time you finish reading this book, you will be eager (and prepared) to make your first options trade.
Customer Reviews:
The Short Book on Options .......2007-05-09
The book is unquestionably the best book on writing covered calls available. The writer is efficient without bias and without the use of puffery to make a point.
Excellent.......2003-09-16
This book delivers, I did not know about options prior reading, the simple and yet comprehensive presentation allows to develop a good grasp of how to use options on a conservative and solid fashion.
What he advocates (protection and enhancement) of a portfolio is well presented and plan to use his advice.
More likely will now seek more information and knowledge with more elaborated books (not sure is really needed) but the basics are here.
thank you Wolfinger
Clear concise primer for understanding options.......2002-11-08
I found this book to be just what I was looking for. After a complete introduction to the topic, Mr. Wolfinger helps the novice options investor clearly understand one conservative strategy. The author is very dedicated and thorough in explaining the concepts. He makes no assumptions that the reader has previous knowledge of what he teaches, yet he is never condescending. I also appreciate the easy to read font size. The text is large enough that I can read it without my glasses! Many thanks to the author for having the patience and know-how to start a beginner from "square one". I look forward to other books on the subject by this author.
I am a satisfied options novice.......2002-11-08
Enjoyed this book! It delivers as promised. I picked it up hoping to get a clear understanding of options and how they work. I was more than pleased, as this book provided all I was looking for, and more. The author presents material in pleasant, easy to grasp language. I now have a very clear understanding of options. The covered call writing strategy sounds good to me. I never knew it was so easy to obtain some safety for my stocks. I have already opened my options account and my broker is offering encouragement.
I'm no longer "clueless"!!.......2002-09-11
Since reading this book, I have learned how to use options, opened an options account, and made several successful transactions. The author's style is easy to understand and the recommended strategy has been working for me. PS...I have set aside a small amount of my own money to work with...I haven't told my husband about my newly acquired skills. Hopefully one day in the future I will be able to give him a $$ surprise!
GIRLFRIENDS...GET THIS BOOK!
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