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Book: Understanding Options :: Robert Kiyosaki|Books :: Book
Date: Friday, 21 November, 2008 :: 01:41
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Understanding Options
List Price: USD $16.95
from USD $8.95
Product Group: book
Manufacturer: McGraw-Hill
Studio: McGraw-Hill
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Offers:
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Editorial Review: Product Description
This straightforward, accessible guide clearly explains what options are and how they work, their pros and cons, their relationship with stocks, and how to use them to gain leverage, generate extra income, and protect against adverse price movements.
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Reviews:
Average Customer Review: 
2 of 2 people found the following review helpful:
Summary: Good intro, fairly narrow
Date: 2008-11-05 - 
Comment: This author doesn't really believe that anyone but pros should be trading any strategies except for covered calls. He does discuss advanced trades but only glosses over them without detail. Ahhh, he's probably right. However, if you'd like to learn more about intermediate and advanced strategies, you'll need another book.
Summary: lucid, easy introduction
Date: 2008-10-27 -
Comment: But, if your really serious about trading options, please read Natenberg first. Natenberg is interviewed in this comprehensive and easily accessible intro. However, options trading needs more than an intro, as I suspect most of you know.
2 of 2 people found the following review helpful:
Summary: Great book for the price
Date: 2008-08-07 -
Comment: This is a very good beginners book on options. It explains in simple terms a very complex subject. I read several books before this one. After I read this book, I wished I had read this one first. The price is right too.
3 of 3 people found the following review helpful:
Summary: Everyone should read this book!
Date: 2008-08-01 -
Comment: Michael Sincere did a fine job writing this book so that anyone who has no experience with options is able to comprehend the topic with ease, even those who are not good at mathematics and numbers. He briefly explains calls, puts, how to buy, how to sell options, and he even discusses advanced options strategies such as spreads and straddles.
16 of 16 people found the following review helpful:
Summary: Highly Recommended !!
Date: 2008-05-08 -
Comment: Reading a book on Options Trading is usually a daunting task. While it is true that statistical probabilities, The Greeks and mathematically determining an overpriced or underpriced option all play a part in option trading, in the beginning, this often confuses and intimidates a novice.
Michael Sinceres' book is different. He leaves the mathematics alone. In very simple language, Sincere walks you through the four basic option trades:
1. The Covered Call.
2. Buying a Call.
3. Buying a Put.
4. Selling a Put.
What you may not know is that most brokerages will limit a beginning option traders to these 4 trades anyway.
As if he were sitting at your kitchen table, Sincere actually takes you step- by-step, through each trade. No, this is not a complete treatise on option trading but it is a very good start.
It is true that the key to option success is choosing the right underlying stock. If you have never bought a stock, his book on stock trading would be a better choice. It is also true that options are a form of gambling and anyone who says their "system" guarantees success is probably selling something very expensive.
If you have experienced trading stocks and are looking for your first option book, this would be the one I'd recommend.
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Options Made Easy: Your Guide to Profitable Trading (2nd Edition)
Understanding Stocks
The Bible of Options Strategies: The Definitive Guide for Practical Trading Strategies
The Neatest Little Guide to Stock Market Investing
A Beginner's Guide to Day Trading Online (2nd edition)
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