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Book: Trading Options For Dummies (For Dummies (Business & Personal Finance)) :: Book
Date: Thursday, 08 January, 2009 :: 20:48
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Trading Options For Dummies (For Dummies (Business & Personal Finance))
List Price: USD $24.99
from USD $13.65
Product Group: book
Manufacturer: For Dummies
Studio: For Dummies
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Editorial Review: Product Description
Thinking of trading options, but not sure where to start? Trading Options For Dummies starts you from the beginning with clear, step-by-step advice on how to use top option strategies to reduce your risk while boosting your income and enlarging your retirement portfolio with index, equity, and ETF options. This plain-English guide explains the common types of options and helps you choose the right ones for your investing needs. You find out how to weigh option costs and benefits, combine options to reduce risk, and build a strategy that allows you to gain no matter what the market may bring. You?ll learn the basics of market and sector analysis and what to look for when trying out a new option strategy. You?ll also find what you need to know about options contract specifications and mechanics. Discover how to: - Understand option contracts and orders
- Determine and manage your risk
- Guard your assets using options
- Trade options on securities exchanges
- Protect your rights and satisfy your contract obligations
- Target sectors using technical analysis
- Minimize potential losses and optimize rewards
- Map out your plan of attack
- Limit your downside when trading the trend
- Combine options to limit your position risk
- Benefit from exchange traded funds
- Key in on volatility for trading opportunities
- Capitalize on sideways movements
Trading options is serious business. Trading Options For Dummies gives you the expert help you need to succeed.
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Reviews:
Average Customer Review: 
1 of 1 people found the following review helpful:
Summary: May be your first book on Options
Date: 2008-12-03 -
Comment: This book assumes that the reader already have familiarity with stocks, and would like to move further, to options. The author doesn't take into account the fundamental analysis of the underlying security, however, there is a chapter about the technical analysis. In my point of view, it is a drawback: a reader already familiar with the stock market may be aware of the technical analysis, so either both technical and fundamental need to be covered or none.
The book covers three types of options: stock options, index options, and ETF options. There is a separate chapter devoted to ETFs, but a reader already familiar with a stock market will get no benefit from this chapter.
The book is printed with quite a large font have quite much space around the text, so it is quick to read. This may be a good introductory book to options. It is pretty basic and easy to understand, however, it 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 need a much deeper book on options, I would recommend "The Options Course" by the same author. It doesn't have the drawbacks above mentioned, very friendly and easy to understand, although it is a much lengthier read.
2 of 4 people found the following review helpful:
Summary: This Book is Too Complex for Dummies
Date: 2008-08-28 - 
Comment: I wanted a book which would explain buying and selling options in a thorough way for someone who knew very little about options. This is not the book.
The author seems to have the intent to throw in as many complex terms without every explaining the simple things. Never once in this book is a walk through through on how to buy a call, how to sell the option, or on how to exercise the underlying contract. The same goes for simple puts.
1 of 2 people found the following review helpful:
Summary: ADHD writing style
Date: 2008-08-18 -
Comment: I wanted something that took me from 0 to 60 in a couple of hours, to explain options in plain english. This book goes from 20 to 120 then back to 40 and up to 80 then back to 10, very poorly constructed and organized.
(My review for Dummies: This book is difficult to follow, jumps around a lot, and rarely satisfies the curiousity at hand)
7 of 8 people found the following review helpful:
Summary: Good for wrapping up loose ends
Date: 2008-07-18 - 
Comment: What this book lacks in detail, it makes in subject completeness.
There are dozens and dozens of great websites out there describing options and trading strategies in far better depth and completeness than this book. So, if you're looking for complex spreads or techniques, this book will not satisfy you.
However, online searches are so saturated in trading strategies that it's actually difficult to become aware of real world transactional details (like, "who are the market makers? how does assignment work?"). this book nicely wraps up those "loose ends" that are hardly ever mentioned on your favorite search engine.
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