by The Options Institute
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| List Price: | $55.00 |
| Average Rating: |  |
| Lowest New Price: | $34.55 |
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Product 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.
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Average Customer Review:
0 of 0 people found the following review helpful:
A good introductory book on options, 2008-09-14
This is a good introductory book on options.
Pros: comprehensive coverage of a subject,fairly easy to read and understand for a beginner in options.
Cons: the same concepts explained multiple times in different parts of the book. That's probably because chapters are written by different people. For example, look at put-call parity or covered call in the index. It's not a reference book. A short chapter summarizing option trading strategies in one place is clearly missing.
5 of 15 people found the following review helpful:
 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.
9 of 13 people found the following review helpful:
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.
8 of 10 people found the following review helpful:
 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.
34 of 35 people found the following review helpful:
An Excellent Overview of Options, 2000-07-03
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!
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