Getting Started in Options
List Price: USD $34.95
Product Group: book
Manufacturer: John Wiley & Sons Inc
Studio: John Wiley & Sons Inc
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Editorial Review:
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Average Customer Review:
1 of 1 people found the following review helpful:
Summary: Very good introduction to options trading
Date: 2008-08-25 -
Comment: I have been investing for a few years and wanted to start trading options. After much looking I settled on "Getting Started in Options" and I don't regret it one bit. The book is very well organized and there are tons of examples. For example during the chapter on puts Thomsett puts in examples of all of the strategies he explains. And he does this in every chapter to help illustrate the point he is trying to make. He explains how you will make money with each method and how you will lose money. He even talks about researching companies in which to invest. I think this could have been left out since you should be familiar with stock investing before you start with options but this is really just a gloss over and you will need to read other books for any decent level of detail. In the later chapters he discusses numerous different spreads and how they play out.
If I was to complain about the book it would be the numerous spelling and occasional math errors. But if you are following along you will be able to spot them and figure out what the correct calculation/word is supposed to be. While I would usually deduct a star for this type of oversight it really isn't significant enough considering the wealth of knowledge contained in the book.
If you read some of the negative reviews they state specific problems people found with this book. Those reviews were of previous editions. With this latest edition (seventh edition) most of the complaints previous reviewers have stated have been addressed and the book is very good.
Bottom line: If you have limited or no knowledge of options this is a great start. After reading this you will have an excellent understanding of options and be ready for books covering advanced topics. The author has addressed the shortcomings of previous editions and has made a book that should be on the shelf of every options investor.
Summary: Great and simple Book
Date: 2008-05-11 -
Comment: This book is explains the options trading for the beginners in simple language. A great book to start the trading business.
Summary: Michael Thomsett is a Winner
Date: 2007-12-01 -
Comment: I originally bought this book in 2001. The latest revision has been completely updated with new 'stuff'. Michael writes in a very down home manner making all the concepts clear and easy to understand. When you are done you will want to trade immediately. (Called Emotion, don't do it)
Read it through cover to cover no notes. Then read it again and mark the heck out of it. Then read it a third time to absorb your notes and scan the rest looking for what you missed the second time around.
This is by far the best introduction to Option Trading that I have read.
1 of 1 people found the following review helpful:
Summary: Perfect for anyone interested in getting into the options world
Date: 2007-08-29 -
Comment: I bought this book with no knowledge of how options worked. I had read "When Genius Failed" about LTCM, the worlds biggest hedge fund which failed in the 90's. The book had discussed options a lot and had sparked an interest in me.
I had wanted to get into trading options for a while and had tried reading about them on investopedia and various other sites. Finally I decided to settle for this book. Options is an awesome book for beginners like myself. Thomsett smoothes out Options and really makes you understand everything from the basics to more advanced options strategies. The book is filled with scenarios to support each new topic and is not dry or heavy reading.
I actually was reading it the other night on the train on the way home from a concert. The man across from me commented that it wasn't exactly light reading for a late train ride. I hadn't even thought about it that way. Options can be intimidating and textbook style books can be boring, however this iis not true for this book. I strongly reccomened it for the prospective options trader with little knowledge on the subject.
Summary: Dont let Ignorance hold you back
Date: 2007-07-27 -
Comment: Buy this book if want to know more or anything about options. Great beginners book taught me the basics quick. Plenty of examples and graphs. When you read this book you will be surprised by the amount of risk that can be removed or added on. Options are less risky than you think.
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