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The Ultimate Options Trading Strategy Guide for Beginners
Make a steady part-time income from trading options month after month!
If you are a beginner to the world of options trading, this is the only book you will need to learn the basics of the game and to start earning a handsome income consistently every month.
The vast majority of retail traders in the stock market keep away from trading options believing that options are too complex and too risky to indulge in. Most of the few that venture out into this terrain with half-baked knowledge usually end up with substantial losses over the long term because they simply do not know the safe strategies that one needs to deploy in this space.
If you are somebody who has shied away from options trading in the past thinking it is beyond comprehension or because you always ended losing money while trading options, then this is the right book for you.
As a beginner’s guide into the world of options trading, here's what this book contains:
* What Stock Options are in simple terms!
* The various types of options and the common terms used in options trading.
* The underlying principles of options trading using easily-understandable scenarios.
* Basic mistakes made by beginners and how to avoid them.
* Six great strategies, with real case studies, to that teach you how to consistently make profits while controlling your risk.
Note: As an added bonus, this book also gives you access to downloadable worksheets you can use to calculate the potential returns and risk exposure for any strategic trade you want to get into or to even just carry out paper-trades!
If you are a beginner to the world of options trading, this is the only book you will need to learn the basics of the game and to start earning a handsome income consistently every month.
The vast majority of retail traders in the stock market keep away from trading options believing that options are too complex and too risky to indulge in. Most of the few that venture out into this terrain with half-baked knowledge usually end up with substantial losses over the long term because they simply do not know the safe strategies that one needs to deploy in this space.
If you are somebody who has shied away from options trading in the past thinking it is beyond comprehension or because you always ended losing money while trading options, then this is the right book for you.
As a beginner’s guide into the world of options trading, here's what this book contains:
* What Stock Options are in simple terms!
* The various types of options and the common terms used in options trading.
* The underlying principles of options trading using easily-understandable scenarios.
* Basic mistakes made by beginners and how to avoid them.
* Six great strategies, with real case studies, to that teach you how to consistently make profits while controlling your risk.
Note: As an added bonus, this book also gives you access to downloadable worksheets you can use to calculate the potential returns and risk exposure for any strategic trade you want to get into or to even just carry out paper-trades!
124 pages, Paperback
Published July 16, 2017
441 people are currently reading
404 people want to read
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Displaying 1 - 26 of 26 reviews
February 3, 2021
Options have earned a quite name for itself because of its ability to return 2X-3X money in as little time as few hours or few days. The best and worst about options is that profit or loss is certain because of the time decay factor. One can't hold it for years just like Stocks. The book starts exactly with this concept where the author states how he and his cousin after making a huge amount during the early days of options trading, lost it all in 2008 stock market mayhem. Of all what I have read, this is a classic journey of an options trader - Initially, it gives a huge amount and then in one crash, the traders lose it all. Few return to the market, few never.
If you want to ever start trading in options, I would recommend that one should go through this book thoroughly. I am reading this book for the second time after going through Zerodha varsity once. The author has done a lot of basic research and comes up with good strategies. Most of the strategies listed are available everywhere but the USP here is - He tells which strategy is to be used at what occasion. Let's understand this with an example - Feb 1 Was the budget day. The markets are known to react 3-5% on such occasions. Directions are obviously not known. On such momentous days, the Strangle strategy is utmost useful. Let me share the chart with you.
As per long Strangle, the trader is supposed to buy an OTM CALL option and OTM PUT option. Let's take BankNifty (Lot of 25). It was trading at 31000 in the morning. The choice will be 32000 CE and 30000 PE with the same expiry date.
A premium of 33000 CE on 1st Feb 9:15 AM - Rs. 281
A premium of 29000 PE on 1st Feb 9:15 AM - Rs. 353
When the day ended, the Rs. 281 premium had spiked to Rs. 1100 and Rs. 353 premium had crashed to Rs. 70. The profit earned will be approximately Rs. 23K on investment of Rs. 15,850 in a matter of 5 to 6 hours.
The ingeniousness of the author lies in the fact that he has explained each strategy with live example and statistics. A highly recommended book for all the option traders. Some gems listed here:
1) Option buyers mostly lose, option sellers gain in small amounts but consistently
2) Naked Options are very risky.
3) Background Information and Human Psychology will play a very important role in Option Trading
If you want to ever start trading in options, I would recommend that one should go through this book thoroughly. I am reading this book for the second time after going through Zerodha varsity once. The author has done a lot of basic research and comes up with good strategies. Most of the strategies listed are available everywhere but the USP here is - He tells which strategy is to be used at what occasion. Let's understand this with an example - Feb 1 Was the budget day. The markets are known to react 3-5% on such occasions. Directions are obviously not known. On such momentous days, the Strangle strategy is utmost useful. Let me share the chart with you.
As per long Strangle, the trader is supposed to buy an OTM CALL option and OTM PUT option. Let's take BankNifty (Lot of 25). It was trading at 31000 in the morning. The choice will be 32000 CE and 30000 PE with the same expiry date.
A premium of 33000 CE on 1st Feb 9:15 AM - Rs. 281
A premium of 29000 PE on 1st Feb 9:15 AM - Rs. 353
When the day ended, the Rs. 281 premium had spiked to Rs. 1100 and Rs. 353 premium had crashed to Rs. 70. The profit earned will be approximately Rs. 23K on investment of Rs. 15,850 in a matter of 5 to 6 hours.
The ingeniousness of the author lies in the fact that he has explained each strategy with live example and statistics. A highly recommended book for all the option traders. Some gems listed here:
1) Option buyers mostly lose, option sellers gain in small amounts but consistently
2) Naked Options are very risky.
3) Background Information and Human Psychology will play a very important role in Option Trading
November 28, 2017
For every novice who is starved of a good grip on the basics of Options trading, this book will come like veritable manna.The author has hit the bull's eye with identifying the need for a simple yet comprehensive treatise on this subject. With crisp unambiguous language, and a disarming method of using easy-to-understand examples (like the daily trades of dairy farmers!), the book ensures that a beginner couldn't ask for a more elementary approach to a fairly complex topic.The book is perhaps unique in that it calls out to a fairly wide array of readers, whether the stock market dabbler who wishes to apply a little more science in trading or the absolute novice for whom derivatives was Greek and Latin to begin with. Even an experienced (or perhaps incredibly lucky) hand at F&O might benefit from the systematic approach to understanding the fundamentals of Options trading. This is a must-read!
July 21, 2017
This book is a treasure trove of information. The theory is presented with clarity and concisely. The examples illustrate the point very clearly and do not drag on. And moreover , it is an absolute steal for the price. I find this book very valuable as it does not claim a large amount of time or money and moreover prior knowledge or extra reading is not assumed or required to grasp the message of this book.
November 23, 2017
Value for the money spend on this book
Really Very Nice Book. Strongly recommended who are new to the options trading . Though I have started options trading before 6 months, I have learned some basic informations and most importantly strategies to earn profit with minimum risk from this book .
Really Very Nice Book. Strongly recommended who are new to the options trading . Though I have started options trading before 6 months, I have learned some basic informations and most importantly strategies to earn profit with minimum risk from this book .
May 29, 2019
Just basics for beginners
Strategies are explained nicely but examples of trade are not good. One begins to think why not naked long options with better reward to risk ratios than complex strategies depicted with inverted reward to risk ratios. Needs more to be written to explain the needs for these strategies.
Strategies are explained nicely but examples of trade are not good. One begins to think why not naked long options with better reward to risk ratios than complex strategies depicted with inverted reward to risk ratios. Needs more to be written to explain the needs for these strategies.
December 5, 2017
Solid basics.
The author gives a basic breakdown of options trading and Morty Solon examples in the different strategies used to maximize profit and reduce risk and loss. Overall it’s a good book.
The author gives a basic breakdown of options trading and Morty Solon examples in the different strategies used to maximize profit and reduce risk and loss. Overall it’s a good book.
April 27, 2018
Good read
I think it's only the basics of options, nothing new in this it was similar to zerodha varsity series, found nothing new in this book all strategies are similar read on zerodha varsity.
I think it's only the basics of options, nothing new in this it was similar to zerodha varsity series, found nothing new in this book all strategies are similar read on zerodha varsity.
April 19, 2019
Nicely written , easy to understand, goes smooth, about very basics of option trading, Greeks not covered much. Recommended for some one who is having no or very little knowledge about Option trading.
April 26, 2020
Highly informative read on options trading
A short and sweet book on options intra day trading. Basic introduction and straight to the point of Discuss es six key strategies. Recommended to anyone looking for practical books explained with market examples
A short and sweet book on options intra day trading. Basic introduction and straight to the point of Discuss es six key strategies. Recommended to anyone looking for practical books explained with market examples
August 11, 2021
Well written, clear book about option trading.
Very well written. Options, margins, calls and puts are confusing and frightening for a novice trader, but the author does a good job of writing these down in simple terms which is very easy to understand. Thank you.
Very well written. Options, margins, calls and puts are confusing and frightening for a novice trader, but the author does a good job of writing these down in simple terms which is very easy to understand. Thank you.
December 26, 2017
Nice book
This book is very much helpful in understanding the basics of options trading and understanding the scenarios for executing those trades. Will definitely recommend
This book is very much helpful in understanding the basics of options trading and understanding the scenarios for executing those trades. Will definitely recommend
December 28, 2017
Great read for beginners. Great explanations of each options trade strategy. Also comes with worksheets to download, and great resources.
January 4, 2018
Good guide for beginners
I was trying to understand the options trading since a log time. But after reading this book I can now confidently say 'Yes now I can trade in options
I was trying to understand the options trading since a log time. But after reading this book I can now confidently say 'Yes now I can trade in options
January 29, 2018
To the point easy to understand
Quick and to the point. Covers what you need to know to get started and has easy to understand examples.
Quick and to the point. Covers what you need to know to get started and has easy to understand examples.
December 5, 2018
Great book for a beginner in options trading. Clears the basic jargon about options trading.
November 10, 2019
Good one
I liked it the way it was written. Details on choosing right strike price considering IV, PCR, Volume, Greeks missed.
I liked it the way it was written. Details on choosing right strike price considering IV, PCR, Volume, Greeks missed.
February 1, 2020
A very good book for beginners - very nicely structured.
April 1, 2020
Nice Book
Basics of options and the strategies have been dealt very nicely with the suitable examples. A must read book for beginners
Basics of options and the strategies have been dealt very nicely with the suitable examples. A must read book for beginners
June 15, 2020
Basic book for Options trading
Basix information. Good for starters. Not much recommended who already have some information about the same.
Anyways names same that
Basix information. Good for starters. Not much recommended who already have some information about the same.
Anyways names same that
July 3, 2020
Good Book
Good Book for beginners. Language is easy. Strategies well explained in a stepwise manner. Short and crisp.
Good good good
Good Book for beginners. Language is easy. Strategies well explained in a stepwise manner. Short and crisp.
Good good good
September 18, 2020
Good for beginners
Nice book for beginners in option. Also spreadsheet can be downloaded for using and understanding strategy. Nice ref for further studies mentioned at end.
Nice book for beginners in option. Also spreadsheet can be downloaded for using and understanding strategy. Nice ref for further studies mentioned at end.
February 20, 2021
Good
Understanding level. Is very good.need more examples and explanation in details.ao I would like to prefer this book for entry level
Understanding level. Is very good.need more examples and explanation in details.ao I would like to prefer this book for entry level
Currently reading
April 16, 2021its nice book provide option basics
April 25, 2021
Nice book
Well explained options concepts & strategies in simple words & good practical understanding of the market given. Wel done roji abraham
Well explained options concepts & strategies in simple words & good practical understanding of the market given. Wel done roji abraham
September 16, 2021
Strategies...
February 15, 2022
Very well written
A very good book to understand all the basics of options. Concepts are explained in an easy to understand way with examples.
A very good book to understand all the basics of options. Concepts are explained in an easy to understand way with examples.
Displaying 1 - 26 of 26 reviews