Getting Started in Options, Illustrated Edition
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| Author(s) | |
|---|---|
| Format |
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| Pages |
254 |
| Published Date |
2013 |
Getting Started in Options, Illustrated Edition skillfully demystifies the options markets, distinguishes the imagined risks from the real ones, and arms investors with the facts they need to make informed, profitable decisions. Engaging and informative, Getting Started in Options, Illustrated Edition truly lives up to its name by bringing the key concepts of this topic to life through attractive illustrations, charts, and graphs. Along the way, it carefully weaves these visual components with definitions, examples, key points, and links to websites that will further expand your options knowledge base.
Introduction:
This illustrated edition is designed with many new features. The book includes numerous examples, definitions in context, key points, website links, checklists, illustrations, and tables. Anyone using this book to learn about options may appreciate that it includes some repetition. This is a device intended to help you to overcome the inherent complexity of options trading. The jargon is confusing at first, so it takes time to become accustomed to the new language of options. Making it even more difficult to quickly move into the market, the range of possible strategies is vast and this makes it important to take time to learn about options in steps. Some suggestions for anyone new to this field:
- Master the terminology. Focus on the many specialized option terms and get accustomed to seeing them in the context of examples and strategies.
- Remember the context of risk. All investing and trading decisions are wisely made with an appreciation of the risk levels involved. Only by remembering risk can you know whether a strategy is appropriate for you.
- Track both options and stocks on the market. Options traders need to observe how options change in value in relation to how stocks move in price, especially when markets are volatile. You will discover that options do not track stock price changes exactly; there are many factors influencing how options pricing changes.
- Know yourself and what risks you can afford. It is all too easy for new options traders to be attracted to some strategies, even those that are too risky for them. So it is crucial that you know what you can afford, and what level of risk exposure works for you. This suggestion will make it more likely for you to succeed. Options work in the context of your own risk profile, and that is the key to any successful program.
Getting Started series is designed to help investors and traders overcome the complexity of markets. This is achieved with great teaching aids. These include carefully placed definitions, dozens of examples, illustrations, and more. The success of this series is due to the careful and thorough design of the many books in the series, and its emphasis on ease of use and provision of a lot of information. The Getting Started books are designed with you, the reader, in mind.
Contents:
- Calls & Puts: Defining the Fields of Play
- Opening & Tracking: How It All Works
- Buying Calls: Maximizing the Rosy View
- Buying Puts: The Positive Side of Pessimism
- Selling Calls: Conservative and Profitable
- Selling Puts: The Overlooked Strategy
- Closing Positions: Cover, Close, Exercise, or Roll
- Paper Trading: A Test Run of the Theory
- Calculating the Return: A Complex Aspect to Options
Getting Started in Options, Illustrated Edition By Michael Thomsett pdf
13 reviews for Getting Started in Options, Illustrated Edition
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Joshua Larsen (verified owner) –
This is an easy to understand book that teaches the beginner the essentials of option trading. I recommend it highly.
Boston Rollins (verified owner) –
Boring. No real cases
Milana Turner (verified owner) –
Exactly what I expected. As a newby in option trading I needed some start point. IMHO the book is a really good for newbies.
Karina Holland (verified owner) –
Amazing book for those who don’t know what options are. It explaines the 4 options in depth with a lot of examples. It’s worth it for sure I’m very happy with the book. Never compare knowledge with money. Go ahead and buy it you won’t regret it.
Adelina Gilbert (verified owner) –
I do not recommend this book. I quit in Chapter 5. It does not cover common used option strategies. It complicates simple concepts that could have been explained in simple words. You won’t be able to learn from this book how to trade options in a real world. There are better books for option beginners.
Anthony Lam (verified owner) –
The information is presented repeatedly, to a fault.
Ellianna Cisneros (verified owner) –
We all learn multiple ways–(1) sight, vocal, and by touch/feel. This one gives a good overview with some visuals of what to look for in the world of option investments. Investools offers a very good course on it. But this is beyond a good primer.
Genesis Clayton (verified owner) –
haven’t gotten through the entire book yet.
Tobias Kane (verified owner) –
The only thing I knew about options prior to reading this book was options could be used to protect a long position or a short position. I bought this book along with his advanced option book. I began reading the first book to learn the basics on buying and selling calls. He gave a lot of real life trading scenarios that made me feel comfortable about calling my broker to gain access to level I trading with my broker. After, the strong trading sessions from this brilliant instructor, I bought his advanced option book too. My confidence grew even stronger that I increase my trading level with my broker to advanced level II and then III. I recommend both books if you are looking to get your foot in the door into the fun corridor of option trading.
Brady Koch (verified owner) –
Haven’t finished this book yet, but it is so well written it is as if the author was sitting at a table with you, sharing a coffee break.
Alden Rollins (verified owner) –
We all learn multiple ways–(1) sight, vocal, and by touch/feel. This one gives a good overview with some visuals of what to look for in the world of option investments. Investools offers a very good course on it. But this is beyond a good primer.
Araceli Peters (verified owner) –
Terrific basic how-to book with lots of information and insight. I’m not crazy about the illustrations, they’re a little gross, but probably help readers understand the text better. I started reading this book, but then switched to another Options Manual.
Patrick Morris (verified owner) –
The name of this book is dead on. Getting Started in Options.
In the acknowledgments the author thanks the many readers who wrote to offer their suggestions. The way this book is written shows he was listening.
When someone knows enough about a subject to teach that subject it’s hard to come down to the level of someone who knows absolutely nothing about the subject. Every detail (even those that might seem obvious) needs to be explained. Mr. Thomsett does an excellent job of covering the basics. Will you be ready to jump into options after reading this book? No.
What you will have is a good understanding of the basics of options, which will enable you to move forward with a solid foundation.
If you’re an experienced options trader with even a little bit of experience this is not your book. But if you’re just getting started I don’t think you’ll find a more comprehensive book on the basics then Getting Started in Options.
The book does touch on a few option strategies toward the end to give you an idea of what’s possible with options but touch on them is about all that it does. In my opinion you’ll need much more then this book gives you before you start trading options for real. If you’re like me who knows nothing about options, has never traded options, doesn’t even know anyone I can talk to who has traded options, then this is your book.