The Short Book on Options: A Conservative Strategy for the Buy and Hold Investor

by Mark D. Wolfinger

The Short Book On Options is just that – a concise easy to understand primer that first teaches the basics of stock options and then offers a hands-on approach to using options in a conservative manner.Beginning with a description of what an option is and how an option works, The Short Book On Options takes the reader on a journey from learning the language of options to being prepared to trade. The book provides detailed answers to these important What are the steps involved in trading options?Why would you want to sell a stock option?What do you have to gain?What do you have to lose?How do you choose which option to sell?The Short Book On Options is especially useful for long-term buy and hold investors, owners of a self-directed retirement plan, investment club members or anyone who wants to increase the performance and safety of his/her investment portfolio. The author teaches a conservative strategy focusing on profitability and safety.By the time you finish reading this book, you will be eager (and prepared) to make your first options trade.

Paperback

First published June 25, 2002

Reviews

[Phliman79 · Rating 4 out of 5]

Pretty good book, I finished it in one reading. Mr. Wofinger tries to dispel the popular conception that options have no place in a conservative portfolio. I think he does this fairly well.

My only critique really is that it could be longer, and delve into selling cash-backed puts (which I believe are hand-in-hand with selling covered calls -- pretty darn safe if you stick to some basic rules), and tax treatment... but then it might not be such a short book! Anyway, I enjoyed it, well worth the $3 -- gave me a few investment ideas.

[Chuck · Rating 5 out of 5]

Good introduction to covered call options. Definitely suggested for newbies.

[Jimmy Abshire]

Easy to understand

This book made it clear how in the money options are more conservative than out of the money. Less upside but more downside protection, allowing for profit even if the stock declined some in price.