Getting Started in Options
$16.73
| Author(s) | |
|---|---|
| Format |
|
| Pages |
392 |
| Published Date |
2007 |
587
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Description
With Getting Started in Options, author Michael C. Thomsett looks to change this. In non-technical, easy-to-follow terms, this accessible guide thoroughly demystifies the options markets, distinguishes the imagined risks from the real ones, and arms investors with the facts they need to make more informed decisions.
Introduction:
The purpose of this book is to provide you with a solid foundation in the options market. To achieve this goal, chapters are set up to provide many useful tools, including:
- Definitions in context. Terminology in the options world is complex and specialized, often confusing and even overwhelming a newcomer. So as each term is introduced, it is defined in a shaded box on the applicable page.
- Smart investor tips. These set-asides give you observations, resources, or summaries to bring home a main point. In fact, one of the best ways to use this book is to skim through and read these tips until you find an area of discussion especially interesting or relevant to your personal questions of the moment.
- Examples. A lot of books include examples, and these are often difficult to apply in any context. In this book, examples are specifically designed to expand upon the discussion of the moment. They are kept straightforward to make a point, without going off into excessive detail and discussion.
- Checklists. A lot of discussion in this book is arranged by way of checklists, and thismakes it easier to absorb information in an organized and logical manner.
- Illustrations. Most of what you learn is visual in nature. Options trading can be exceptionally complex, mathematical, and difficult to follow, so the use of a lot of illustrative material helps clarify important points.
- Tables. Besides illustrations, whenever a lot of numerical information is needed (and that is often the case when options are involved) that information is set aside in a table. This keeps the narrative segments apart from the numerical, making all of the discussion clearer and more digestible.
Contents:
- Calls and Puts: Defining the Field of Play
- Opening, Closing, Tracking: How It AllWorks
- Buying Calls: Maximizing the Rosy View
- Buying Puts: The Positive Side of Pessimism
- Selling Calls: Conservative and Profitable
- Choosing Stocks: Finding the Right Ingredients
- Strategies in Volatile Markets: Uncertainty as an Advantage
- Selling Puts: The Overlooked Strategy
- Combined Techniques: Creative Risk Management
- Paper Trading: A Test Run of the Theory
- Options for Specialized Trading: Leveraging the Technical Approach
- Risk and Taxes: Rules of the Game
- Calculating the Return: A Complex Aspect to Options
Getting Started in Options By Michael C. Thomsett pdf
22 reviews for Getting Started in Options
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Enoch Koch (verified owner) –
Buy this book if want to know more or anything about options. Great beginners book taught me the basics quick. Plenty of examples and graphs. When you read this book you will be surprised by the amount of risk that can be removed or added on. Options are less risky than you think.
James Hodge (verified owner) –
I bought this book with no knowledge of how options worked. I had read “When Genius Failed” about LTCM, the worlds biggest hedge fund which failed in the 90’s. The book had discussed options a lot and had sparked an interest in me.
I had wanted to get into trading options for a while and had tried reading about them on investopedia and various other sites. Finally I decided to settle for this book. Options is an awesome book for beginners like myself. Thomsett smoothes out Options and really makes you understand everything from the basics to more advanced options strategies. The book is filled with scenarios to support each new topic and is not dry or heavy reading.
I actually was reading it the other night on the train on the way home from a concert. The man across from me commented that it wasn’t exactly light reading for a late train ride. I hadn’t even thought about it that way. Options can be intimidating and textbook style books can be boring, however this iis not true for this book. I strongly reccomened it for the prospective options trader with little knowledge on the subject.
Laura Marquez (verified owner) –
This book is explains the options trading for the beginners in simple language. A great book to start the trading business.
Rayan Becker (verified owner) –
While I found this book helpful, it is clear that the author is a generalist and not an options expert. He is continually giving similar examples of using the same strategy and at other times is discussing different strategies (he has a whole paragraph & example about puts in the Selling Calls section) in chapters related to specific strategies. Overall, this is an acceptable book as a primer, but I’m definitely looking for more help to discover what strategies to use in my options portfolio. Hopefully, though, they have fixed some of the typos and edited better in the next edition coming out soon.
Coraline Dorsey (verified owner) –
The good part is that he covers all the basic and advanced option trades. He gives useful and good ideas about trading, and many warnings. However, the writing is choppy because he constantly inserts examples, sidebars and graphs which are not integrated into the flow of the text and are annoying. I don’t get why he calls the exercise or strike price a ‘striking price,’ or why he insists on trades as whole-dollar amounts ($1.00, $2,00, etc.) when everyone trades in dollars and cents ($1.26, $3.71, etc.). The book is certainly worth the time and money to study, and as a reference.
Milana Best (verified owner) –
Thomsett’s wordy and repetitive explanations of buying Puts and Calls and selling Covered Calls fills about 180 pages of his 210 – page text. He relegates the more interesting discussion of combined techniques to the last 20 pages. Here he gives you enough information to perk your interest, but not enough to motivate you to try these techniques. For example none of the figures in Chapter 9 suggest that you can loose money trading spreads, straddles and strangles
Harlem Cortes (verified owner) –
This is where you start if you want to learn options. I’ve sent this book to many people as a starting place.
Malakai Saunders (verified owner) –
This book provides a general knowledge base of basic option terms and descriptions, with generic examples included. You’ll come away with a basic knowledge of primarily calls & puts (both buying & selling), and some advanced strategies. However, you’ll need further reading to help you navigate the real options trading world. Primarily discipline, setting stops and taking profits when you can before time decay erodes the gains or the stock turns in the wrong direction. Not to mention buying strategies (finding the right stocks and the navigating the bid/ask when buying & selling).
For it’s purposes, this is a decent book. Just realize you’ll need to do more reading to become an “expert”
Lea Carter (verified owner) –
This book is great about being very clear and explaining different aspects of option trading. The first book I bought on options trading didn’t come close to this book and cost way more. This is the perfect book for beginners and maybe even for people who have basic knowledge of options trading. It begins with how options work and gets as far as taxation on options to even touching down on trend trading. I fully support this book if you are getting into options. After reading this book it will be hard to find another one with as much depth. I would recommend ‘The Bible of Options Strategies’after reading this book and your options trading career will be well on its way.
Mallory Cameron (verified owner) –
Horrible read with examples that are very difficult to understand as many have stated previously. I’m looking for a book written by an experienced and successful Options trader, not an accountant.
Ezekiel Valenzuela (verified owner) –
This would be a great beginners book. If you have read any introductory books on options this will be a rehash of what you already know. If you need a very easy to understand book on options this is it. If you can handle more I would recommend Options as a Strategic Investment by McMillan. If you want to get even more complex I would then read Options, Futures, and Other Derivatives by John Hull.
Maverick Morton (verified owner) –
Best book a person could ever read and find very useful whether they do options or not. this bood gives insite to just great investing tools. If you are a beginner or a pro this is a valuable book to own
Henley English (verified owner) –
This book will get you started in understanding how options work. It is written in a style that makes it relatively easy to understand options. There are some minor mistakes in referrring to puts when he means calls, but the book gives lots and lots of examples, which are what are really needed to clearly understand how options work.
Kalani Cook (verified owner) –
This helped me make my first million!
Just kidding, but really it gave me the information I needed to enhance my trading strategy and technique.
Decent book, with user friendly information.
Geared towards someone just starting to dip their toes in options trading.
Maia Garcia (verified owner) –
Easy to read and to understand. Great book.
Junior Goodwin (verified owner) –
A general introduction, lacking detail about placing orders.
Jakobe Nolan (verified owner) –
well done, informative and very worth while to read
Dustin Simon (verified owner) –
Easy to follow and understand I would recommend to other people!
Veronica Hickman (verified owner) –
Good book for a new trader.
Bryan Dawson (verified owner) –
Great Primer on Options Trading. Well recommended and essential advice that no option beginner should be without.
Shiloh Jacobs (verified owner) –
Not very good
Meadow Barron (verified owner) –
This book describes, explains, breaks down every component of what Options are. You can’t put (no pun intended) the book down. It’s like reading a thriller. The writer is very intuitive in explaining the concept. The way the author describes every detail it’s like turning over every stone, sticks and crannies of the Options trading world.