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The Bible of Options Strategies: The Definitive Guide for Practical Trading Strategies

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From buying calls and puts to iron butterflies and condors, this book explains the strategies of taming the complexities of options. It includes a chapter on options and taxes; and is intended for options traders.

400 pages, Hardcover

First published April 1, 2005

149 people are currently reading
502 people want to read

About the author

Guy Cohen

14 books3 followers
Guy Cohen is a financial trading innovator and the creator of the US-patented OVI Indicator. Specializing in stocks and options, he has authored best-selling books like Options Made Easy, The Bible of Options Strategies, and The Insider Edge. Guy’s options platform was licensed by NYSE Euronext from 2002 to 2011, and he provided data analysis for Nasdaq's International Securities Exchange. With an MBA in Finance from City University, Guy developed the OVI after recognizing the lack of effective trading tools for private investors. Today, he continues to empower traders through his research and the WiseTraders platform.

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5 stars
81 (41%)
4 stars
67 (34%)
3 stars
36 (18%)
2 stars
7 (3%)
1 star
3 (1%)
Displaying 1 - 15 of 15 reviews
Profile Image for Isfand .
26 reviews38 followers
January 6, 2011
The ultimate guide for any options investor.

Easy,fast and simple to consult.
The book contains all the possible strategies which a investore can use moreover the best quality of this book is the graphic rappresentation of every possible startegy,with a legenda easily readable to understand what are the characteristics of each strategy:profenciy,direction,volatlity,assest legs,risk,reward and type which means if you are going to create capital gain or a regular income.
The book teach's when a strategy is appropriate,when is inappropriate, and how to use each one responsibly.
Moeover the book has four fantastic table of contents,each of them uses a different parameter of differentiation:by chapter,by proficiency, by direction,by volatility,by risk/reward and by type.

A book that every stock option investor should have.
Profile Image for Tadas Talaikis.
Author 7 books79 followers
October 20, 2017
Most comprehensive reference for option strategies. Includes greek curves for all of them and a lot of useful information.
15 reviews2 followers
November 27, 2021
The definitive guide and reference book for Options strategies.
Very thoughtfully crafted all option strategies, along with rationale, impact, entry/exit and real time example.
Easy to search and consistent interface all along.

If one understands all the strategies in his book, can be safely assumed that all options basics are clear to him.
92 reviews8 followers
October 30, 2017
A comprehensive reference manual for anybody interested in the murky world of derivatives.

Trading strategies are effectively grouped depended upon your outlook which makes the books a really handy tool. The mind maps would make it easy to navigate the myriad option strategies.
1 review
February 10, 2018
A bit sloppy as far as editing, but content is concise and sufficient to understand/trade options
This entire review has been hidden because of spoilers.
Profile Image for Raymond.
37 reviews
May 12, 2022
Decent one to get started
easy to read, practical layout, strategy by strategy
Probably only a few would be appropriate to one's current setup
This entire review has been hidden because of spoilers.
Profile Image for Erfan.
7 reviews22 followers
April 12, 2024
It is a basic book meant for beginners in the first couple of weeks of learning about options. If you have some exams, there is a strategy table in the appendix section you can use.
Profile Image for Vendy Adi Saputra.
58 reviews
November 23, 2025
This book only contains all types of option strategies we can use complete with their delta, gamma, vega, etc. a book that in my opinion is a very basic book and will be less useful for those who have already learned about options.

the useful one from the book is the index to make us easier to choose which one strategy based on proficiency, risk vs reward, and type of income (regular income / capital gain). There is index too to make us easier to choose which strategy we should use in three different market direction (bullish, bearish, sideway markets), which one we should use in different volatility (high volatility - low volatility)

I’ve also read Indonesian version of the book published by Elexmedia that so poorly translated. Juat read the English version
Profile Image for Virginia Simpson.
Author 1 book18 followers
September 22, 2012
If you're going to call yourself a "bible" and "definitive guide," you should be relatable to people who know absolutely nothing about the subject matter. This book assumes the reader already knows much of the terminology. I was left frustrated and confused rather than enlightened and believing I could tackle options trading, so I eventually stopped reading. No one likes to read a book that makes them feel less knowledgeable on a subject the more they read.
Displaying 1 - 15 of 15 reviews

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