World Famous Comics: Options Made Easy: Your Guide to Profitable Trading (2nd Edition)
Options Made Easy: Your Guide to Profitable Trading (2nd Edition)
By: Guy Cohen Publisher: FT Press Average Rating: Binding: Hardcover Label: FT Press Number of Items: 1 Number of Pages: 368 Publication Date: July 28, 2005
Product Description: Options trading offers unparalleled opportunity for rapid profit, but most options guides are difficult to understand and even harder to use successfully. Not this one. Options Made Easy has earned a worldwide reputation for simplicity, clarity, and practical value. In this thoroughly revamped Second Edition, renowned options trader Guy Cohen delivers even more of what makes this book so valuable: better graphics for easy visual learning, updated hands-on examples that walk step by step through real trades, and the clearest plain-English explanations of trading techniques you'll find anywhere. Unlike its competitors, Options Made Easy, Second Edition shows you how to design your own trading plan for high probability trades and consistent profits, offering proven strategies you can begin using right now. Best of all, Cohen teaches through easy-to-understand charts and graphs, not complicated math! Coverage includes: filtering for moving stocks; selecting the right strategy for each situation; bull call and put spreads; covered calls; straddle/strangle; volatility and sideways strategies; trading and investing psychology; and much more. This edition also contains a completely revamped introduction to the Greeks-- the standard sensitivities to options risk characteristics that every trader must know.
A Good Start This book is a very good introduction to options if you are new to the stock market. It is written in a very friendly tone, easy to understand and covers the basics of fundamental and technical analysis of the underlying security. It even covers such basic things as types of orders (limit, market, stop etc.). It familiarizes the reader with the major U.S. economic indicators to watch, like Consumer Price Index, The Employment Report, etc. It has The Economic Calendar, which gives the dates when the economic indicators are being published. I have found this calendar very useful.
The book covers only the most basic options trading strategies. If you need something more advanced, like "Short Iron Butterfly", the author has another book, "The Bible of Options Strategies: The Definitive Guide for Practical Trading Strategies".
While covering the basic strategies, the book fails to address an important technique of selling puts as a way of buying the underlying security. Warren Buffett obtains most of his stock holdings through selling puts. He got most of his Coca-Cola Holdings this way, and, recently, Burlington Northern Santa Fe. If you are interested in this technique, you can find it in "Options as a Strategic Investment" by Lawrence McMillan, chapter 19, or there is a special book "Using Options to Buy Stocks" by Dennis Eisen.
If you are already familiar with the stock market and just want to know about options, I can recommend "Trading Options for Dummies" by George Fontanills, which doesn't explain about the fundamental analysis or order types.
The advantage of the reviewed book is that it is relatively small: you will be able to finish it quickly. If you want something more comprehensive and as friendly as this one, I can recommend "The Options Course" by George Fontanills, the same author who wrote "Trading Options for Dummies" above mentioned.
Not well proofread This book is clear and easy to read. Unfortunately, the editor was incompetent in financials or the author didn't take the time to review his work carefully. Some of the comments on analysis are clearly worded wrongly; however, the content is so strong and purpose of this book is so well realized in general, that it is easy to recommend it as a "dummy's" book to any person who already has a good grasp of finance - or wait for the next edition.
Good product, good buying experience. Good product, good buying experience. Great service and on time delivery. Will buy again from this vendor.
Definitely not for Beginners I bought this book thinking that I will learn to invest in stock options (as I dont even know O of options). This book defeated me completely. What I was looking for a book which will say "Sam is thinking of investing options he chooses some company XYZ, He sees that current stock price is 50 dollars. How can he go about making a call or put. What is the strict price he shd think. Who decides the premium price. What does bid / ask prices are. What sort of choices does he has. (Day to day story of someone investing in options).
Simply put the book shd have taught options step by step. Instead of repeatedly saying "option is a right but not an obligation ..." (ok this may be necessary).
Options Made Easy Options Made Easy: Your Guide to Profitable Trading (2nd Edition) Good basic information.
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