Trading Options for Dummies

by Joe Duarte

Navigate options markets and bring in the profits Thinking about trading options, but not sure where to start? This new edition of "Trading Options For Dummies" starts you at the beginning, explaining the common types of options available for trading and helps you choose the right ones for your investing needs. You'll find out how to weigh option costs and benefits, combine options to reduce risk, build a strategy that allows you to gain no matter the market conditions, broaden your retirement portfolio with index, equity, and ETF options, and so much more.

Options are contracts giving the purchaser the right to buy or sell a security, such as stocks, at a fixed price within a specific period of time. Because options cost less than stock, they are a versatile trading instrument, while providing a high leverage approach to trading that can limit the overall risk of a trade or provide additional income. If you're an investor with some general knowledge of trading but want a better understanding of risk factors, new techniques, and an overall improved profit outcome, "Trading Options For Dummies" is for you. Helps you determine and manage your risk, guard your assets using options, protect your rights, and satisfy your contract obligations Provides expert insight on combining options to limit your position risk Offers step-by-step instruction on ways to capitalize on sideways movements Covers what you need to know about options contract specifications and mechanics

Trading options can be a great way to manage your risk, and this hands-on, friendly guide gives you the trusted and expert help you need to succeed.

Genres: Finance, Business, Nonfiction

370 pages, Paperback

Published February 23, 2015

About the author

Dr. Joe Duarte has been analyzing, trading, and writing about the financial markets since 1990. His "This Week in the Money" column is widely followed at MoneyShow.com. He was biotech and healthcare analyst for Investing Daily.com - Strategic Technology Investing, Breakthrough Tech Profits, and the highly regarded Personal Finance newsletter. He is author of "Trading Options for Dummies," now in its third edition (August 28,2017).

He was an original CNBC Market Maven, has been quoted in Barron's, The Wall Street Journal and has written articles for Marketwatch.com and many other major publications. His books include "Trading Options for Dummies," "Trading Futures for Dummies," "The Everything Investing in Your 20s & 30s Book," and six others. Dr. Duarte is a former money manager and a professional investor trading for his own account.

Reviews

[James Sizemore · Rating 5 out of 5]

This is a very good book on options trading.

The writing style is a little slow to start but quickly gets up to speed, the author does a very good job of giving you a real understanding of if options trading is for you. From reading this book I understand what option trading is, and that it is not a good fit for my personality type. I am sure he saved me time and money.

[Jesus Jose · Rating 5 out of 5]

This is one of the thickest and least palatable books ive read in a while,this is a very dense subject. Options are very complicated and Mr. Duarte does a great job in condensing the important stuff about these financial instruments.

He explains more in depth as the book continues on, things like the greeks to time decay. Important strategies that can be applicable in basically most market conditions emphasizing on risk management before everything. Raw math calculations to asses investment and margin requirements which are very helpful if you are trying to navigate markets successfully.

I too am very green in this subject this book is definite a great start. Options are something I want to understand more and using this manual is going to help for sure.

[Crista Huff · Rating 3 out of 5]

Here's what I was looking for, on the internet and in books, that I couldn't find: I wanted a book that described buying calls in great detail, with lots of examples, so that the investor could learn the nuances of option pricing on what's probably the most common type of option trade--buying a call.

Instead, all I've found is either very basic instruction (What is a put? What is a call?) or books and articles that try to describe every possible option strategy.

I didn't actually find this book to be helpful, although I'll keep it handy in case I want to branch out into more complicated options trades in the future.

[Y T · Rating 4 out of 5]

Simple and straight forward text book kind of reading. Explains well on the tips to take note, e.g. wider wings on butterfly set up means a higher risk.

Overall good for learning about the option basics.

[David · Rating 3 out of 5]

Definitely discusses a lot of techniques, although I find it tells you how to fish, but stays away from discussing what sort of water to fish in

[Pedro Branco · Rating 3 out of 5]

This is an entry-level book about its topic. Only consider if you are starting on options trading.

[Vivek . · Rating 5 out of 5]

Pretty good and actionable, recommend to get the physical copy.

[Larry Hou · Rating 4 out of 5]

Quite a technical book, probably revisit when moving into more advanced strategies

[James DeJarnett · Rating 3 out of 5]

Trading Options for Dummies is a very informative book, however it can be very dry. It is repetitive by design as that assists the learning process, but I felt a bit like I had received half a book as I was reading the same information over again. This book is on it's 5th edition, which is touted by the author as a good thing because it has been looked over many times by many people, and yet there are still a surprising number of errors within the book. Mostly it is small stuff, incorrect grammar, misspelling here or there, and even a sentence that wasn't spaced correctly. Normally I wouldn't mind that stuff too much, but if you are going to brag about the book being looked over for accuracy, make sure it is.

[Yates Buckley · Rating 3 out of 5]

Lots of information, well organised but very dry and really hard to get into. Information wise a very good book on options, but painful from a fluidity of prose and memorable stories point of view.

[Baldjeff · Rating 3 out of 5]

NOT CLEAR ENOUGH FOR AN INTRODUCTORY BOOK

[Frederick Schlabach · Rating 3 out of 5]

Helpful, well-explained lessons.
I perceived it as repetitive throughout, however.

[Sumit]

Lovely