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The Rookie's Guide to Options; 2nd edition: The Beginner's Handbook of Trading Equity Options
Updated and expanded 2nd edition of the Amazon best-selling book: The Rookie's Guide to Options. Wolfinger teaches readers how to use the versatile, risk-reducing investing tool, the stock option. Step-by-step instructions on making, managing and exiting trades. The emphasis is on getting the reader to understand how options work. There are no rules to memorize, just plain common sense ideas. Wolfinger's unique approach has readers follow along as he makes trade decisions and manages risk. The lessons follow in logical order, with each based on knowledge acquired in earlier chapters. Seven basic option strategies are covered. Learn why the commonly used strategy of buying options for speculation is far too risky for all but the most sophisticated traders and why it is an inappropriate strategy for newcomers to the option's world. Learn to adopt strategies with limited risk but which come with a high probability of earning profits. His favorite strategies include covered call writing, selling cash-secured puts, collars, credit spreads, iron condors, diagonal spreads, and calendar spreads. Don't let the title fool you. This book contains all the information that a new trader has to know before getting started with options, but it also could be titled "The Rookie and Intermediate Trader's Guide to Options." You will keep this book handy as a reference as you gain trading experience and a better understanding of how to use options effictively.
400 pages, Paperback
First published February 1, 2008
67 people are currently reading
155 people want to read
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Displaying 1 - 4 of 4 reviews
January 9, 2022
Great book for beginners and experienced traders!
I really liked how only specific strategies were discussed but in a lot of detail. Lots of great examples and new takes on simple strategies that was very refreshing for me. I’ve been an option trader for few years now but have learnt most of my techniques through online videos and CBOE education. As I hit some books to solidify my concepts, this book definitely gave me a good perspective on areas where I’ve not been so great. I would have liked a chapter that discussed, maybe in a tabular format, all credit and debit strategies and risk management associated with them. Having said that, I read this cover to cover and I think anyone entering options market should as well!
I really liked how only specific strategies were discussed but in a lot of detail. Lots of great examples and new takes on simple strategies that was very refreshing for me. I’ve been an option trader for few years now but have learnt most of my techniques through online videos and CBOE education. As I hit some books to solidify my concepts, this book definitely gave me a good perspective on areas where I’ve not been so great. I would have liked a chapter that discussed, maybe in a tabular format, all credit and debit strategies and risk management associated with them. Having said that, I read this cover to cover and I think anyone entering options market should as well!
October 6, 2020
Excellent intro to Options
Answered all questions I had. Well written, lots of examples. Very good textbook I'll be revisiting. Probably best first book one could pick on this topic.
Answered all questions I had. Well written, lots of examples. Very good textbook I'll be revisiting. Probably best first book one could pick on this topic.
August 9, 2020
Pretty good 101 on options and options trading. I found the examples and explanations very easy to follow. Give this a read if you want to learn the basics about options trading 👌🏾.
May 30, 2022
Great beginner to options book with very practical tips and explanations.
Displaying 1 - 4 of 4 reviews