The Options Course Second Edition: High Profit & Low Stress Trading Methods (Wiley Trading)

Great lesson material!

This is a great book and covered what I was actually looking to understand I would definitely buy again...

Pros:1. It contains nearly every aspect that you need to know in trading options including different kinds of option spread, choosing a good option broker, some technical analysis and fundamental analysis relating to options and some backgrounds of economies.2. Every type of spread has in-depth explanations and an example of real life stock. In addition, at the end of the book, there are some nice summaries of all the spreads covered in this book.Cons:1. Many topics are beyond the options trading which is the title of this book, so they may confuse you sometimes. I know it's always good to know more, but it just contains too much for me to read. It could be a five-star introductory book if you are the one who has a decent amount of time to read every page of this book.2. The author recommends several times about his own online tool of options. It MAYBE good for options trading, but it is expensive ($190/month) to use the full function of it.

This book might not be for beginners. However, it's not difficult to read if you have good math skills and traded in options for a while. I'm just a beginner in options trading and it was no issue reading it. It covers the basics about options, different trading strategies like vertical spreads. What makes the book great is using charts to describe the profit/loss zone for all different methods. This book opened my eyes on the concept of "delta". However, the book has no clear explanation of where "delta" comes from and it's impact on the profit you can make, or its value at certain strike prices. One way to see what the book describe is to look at the delta column for different strike price on live options chain quote screen. This is the most important variable for active option trading. It tells how much percentage of the move you will make if the stock moves say 5 points in you direction. To know more about options formula you need to look at the book "Black Sholes and Beyond" this book is all about mathematics for pricing options and not trading.

To start, the author is a Harvard MBA, and really knows this information. The book, is a COMPLETE course for BEGINNERS, so if you have any knowledge regarding options, a large portion of this book will be a dated review.For beginners, this book has everything you should know, but the presentation is VERY detailed and dated. Most of the information nation can be gleaned from free sources.For me, I was looking for some help refining my strategies, timing, and improving my edge. Finding that is this book is like finding a needle in a haystack. My recommendation would be a more condensed, direct book.Just an aside. I bought the book used from an Amazon reseller, and the previous owner(s) did not make past the first 90 pages, based on highlighting. My guess is there were at least 2 past owners/reaaders based on handwriting, and highlighting technique. Conclusion: book gives too much info and makes you wait too long to get to the meat.

Good book. The author is a good writer and an excellent teacher. Filled with worthy wisdom. I am still reading the book. I found the author very knowledgeable and so I am getting ready to buy a few other books by this author.

This is a very big manual with lots of detail which requires memorization and much rereading. I am working my way through it and expect to be a much better options trader in the months to come as I learn the material well enough tpo apply it to my craft. This is not a "get rich quick" book.

I owned this previously. It is the definative, objective source on using options as part of an investment strategy. I had previously loaned it to several knowledgeable investors who also found it very useful. My recent purchases were for gifts.