Option Trading Books

Learn to use options from veteran option trader Mark D. Wolfinger, who spent more than 20 years on the floor of the Chicago Board Options Exchange (CBOE). If you are a seasoned stock trader or a casual investor who dabbles in mutual funds, this book is for you. Learn why stock options a versatile investment tool that has seen explosive growth over the past few years belong in your portfolio. If you re already trading options, this book is also for you. You will gain a thorough understanding of option pricing, function and equivalents, which will help you trade more effectively. Learning to adopt more advanced option strategies, like iron condors and double diagonals, will help protect your nest egg and, at the same time, earn healthy returns. Unlike many options guides, this book features step-by-step instructions, with extensive examples that outline the costs and benefits of each choice along the way everything you need to plan and execute each trade on your own. Wolfinger shows you how to analyze alternatives and explains why each may be appropriate for a particular investor with certain investment objectives. You ll develop a basis for deciding what is suitable for you and your investment philosophy. A thorough understanding of option basics will help you move on to powerful strategies to earn high returns with limited risk. Wolfinger s strategies will help ensure that your portfolio survives a market downturn. Stock options first traded on an exchange a mere 35 years ago and have exploded in popularity in recent years. Today nearly two billion options trade every year in the United States alone. Many people dabble in options without really understanding how they work and how they can be used most effectively. The Rookie s Guide to Options: The Beginner s Handbook of Trading Equity Options will give you the basic trading tools you need to start trading options profitably, as well as help you move on to more advanced strategies. Options were created to allow risk takers to hedge part of that risk. This book will help you learn to use options they way they were originally intended to manage risk and increase profits. You ll be guided step-by-step as the author guides you through the decision-making process in terms of puts, calls, strike prices, expiration dates and strategic equivalents. This book, aimed at the beginning options investor, will help you gain a clear understanding of how you ve been using options for years, even if unaware of doing so. If you have bought car insurance, accepted a rain check at a discount store or used a bus transfer, you already understand the concept of using options. If you thought options were too complicated, Wolfinger s clear and detailed explanations put that myth to rest. You ll see how to adopt basic options strategies, how to use them to earn profits and how to manage risk effectively. You ll move on to learn about the versatility of options and master advanced strategies, such as iron condors and double diagonals all selected to help you minimize risk and maximize profits. Learn how you can use options to: 1. Sell your stock above market value. 2. Turn a non-performing stock into a profitable investment. 3. Protect your holdings against a disastrous bear market and even profit in a bear market. 4. Create steady income. 5. Manage risk. 6. Earn profits more often than those who buy only stock. 7. Limit losses. 8. Own investments that earn a profit when the market moves higher or lower. The Rookie s Guide to Options: The Beginner s Handbook of Trading Equity Options shows you how you can get the most out of these versatile tools to protect your investments, create steady income and generate substantial profits.

User Reviews about The Rookie's Guide to Options: The Beginner's Handbook of Trading Equity Options

This is a great book for the rookie to enter into options. Other books get out of hand right away with all the complications of options and never discuss trading them. This book starts slow and moves on into conservative trading of option positions. -- Options for Rookies

This is a serious book by someone who knows how it works. To me, options were always one of those esoteric things that professionals used to make the big bucks. While I'm a pretty good stock picker, I was always dissatisfied with the performance of my buy/sell actions because of my inability to parse the ticker to react to unanticipated changes in the stocks I held. I knew options offered a way for me to protect my portfolio and could offter a way to get better pricing for my buys but I never could find the time or resources to figure out how that worked (without going blind in front of my PC.) This book has helped me do that. If you want to invest like a professional without having a ticker board in your bedroom, buy this book and spend the time to really grasp what it's telling you. Of course you'll learn you need to do more homework before you leap, but believe me...that effort is WELL is worth the trouble. -- The real deal

Excellent book for high probabilty options trading. Covered Calls are complex and this book goes over all the possible scenarios and what to do in certain scenarios. The credit spread strategy was excellent. Closing out credit spreads three weeks before experation is a great strategy. I wish I had read this book before the AIG collapse day. This book is the best book for covered calls and credit spreads period. I have read many options books and this is my keeper.

I wish Mark had gone over Risk Reversals and Put Ratio spreads. I feel those are essential and have high probality trading stratgies. Maybe next book. -- Best Options Book

Great book but I would purport that it is not just for rookies and that unless you are a power investor with years of experience this book could still be useful. The author has a blog site that is also a great resource. -- Great book for rookies and veterans

I don't view myself as a complete "Options Rookie" since I've been trading options for a few years and have obtained steady positive results over the past year....typically using the methods described in this book. In addition, I have read several other options books and studied other option training material. However, I decided to read this book for the additional education. I'm glad I did and strongly recommend it to anyone fairly new to options.

The other reviews posted here provide good overview of the book's details so I won't repeat them. Frankly, my objective in posting this review is to add to the total number of positive reviews on Amazon, since this book deserves the praise.

"The Rookies Guide to Options" provides a level-headed, realistic approach for making money with options. Equally (or more?) important, it provides good background on how to minimize losing option trades......which WILL happen! Therefore, understanding risk management is essential even when pursuing "high probability" option strategies. I was happy to see good emphasis on that subject throughout this book. When applicable, the book also offers comments from the different perspectives of a Trader, versus an Investor.

Bottom line, this book is well-worth the money and well-worth the time to read.

Good Trading!
Steve T. -- Excellent Book for Introduction To Options