Understanding Options 2E

I have been investing in common stocks, ETFs and mutual funds for a few years, but options were always intimidating. I have searched and read many “free” articles and pieces online. But nothing I have found put the whole package together for me and nothing I found breaks down actually how to make an options trade. UNTIL NOW… I received this book thinking ok, I will skim through and see what I can learn… but WOW, it actually is exactly what I have been searching for. I sat down and couldn’t peel away from this book today. As a true beginner, this book is written so clearly and the author has done a phenomenal job articulating what is perceived as a complex topic into terms and explanations I could read and understand. Granted, I have read plenty of other articles online, so had a basic understanding already, but this clarifies so much for me and validates what I thought I knew. I agree with some reviews that this is not for those who have been trading options for years. This is not a book about how to put your actual personal strategy together. This book teaches what options are, how they work, how you place a trade (literally step by step) and some risks that accompany them, but also some very practical advice for beginners. I say if you are a new options trader or simply considering it, this book is a great and cheap place to start.

The teaching techniques used in this book are superb, engaging the reader with multiple examples tying every-day real life experiences to trading strategies and techniques. Complexity of the material is presented step-by-step, each new topic building slowly on the last. The author is humorous, self-deprecating, and obviously has thorough and practical knowledge of the options market. You get the sense reading this book that Mr. Sincere cares deeply about his readers losing money; at every opportunity he points out potential dangers, and minces no words describing how quickly a portfolio can be lost. The print quality is excellent. Fonts are comfortably large enough to be legible, and graphics are crystal clear and legible as well. If you are a new trader, or one with limited experience, you could not find a better primer than this one. An experienced trader might find the information too basic, and yet there are gems of wisdom to be found even for the old hand.

The first 2/3 of the book presents to the reader the terminology and the mechanics of investing in options. It is well written and I found it easy to read and the pages are laid out well. I have not delved into the more intermediate/advanced part of the book (with option spreads etc.) as I'm not really that interested in it. However I have skimmed a few of the advanced trades and they are explained in every day language and I had no trouble understanding the concepts. I would like to emphasize, as other readers and the author have said, that you shouldn't be investing in options if you do not have experience with buying and selling individual stocks. The same reason you would by an individual stock is the reason you would buy an option. If you do not understand what a good stock is, and how prices of stock move, then stay away from options and go buy a good stock book. Anyway, after brushing up on a few things with this book, I went out and bought some calls which is very easy and straight forward to do (do not pay the ask price, I put in buy prices halfway between the bid and ask as the author said to do and they were filled immediately by my broker). Best of luck with your future investments.

I believe the author is a Sincere man (pun intended) and he writes well. This is a good little options book that explains things so a common investor can understand and apply. Although the CFA exams teaches candidates how to construct payoff diagrams and other equations, I found this book more practical to learning how to profitable trade and invest in options. I couldn't put it down and read the book in a day. I also recommend watching Tasty Trade videos and the following books: +The Complete Guide to Option Selling: How Selling Options Can Lead to Stellar Returns in Bull and Bear Markets, 3rd Edition +The Intelligent Option Investor: Applying Value Investing to the World of Options +The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes and Stock Index Futures +Trading Options Greeks: How Time, Volatility, and Other Pricing Factors Drive Profits +The Option Trader's Hedge Fund: A Business Framework for Trading Equity and Index Options +The Option Trader Handbook: Strategies and Trade Adjustments

I have been a stick trader for some time and an investor even longer. I always wanted to get into options, but wasn’t quite sure how and where to start. I consider this book a detailed step by step guide, with detailed examples, providing the positive, neutral and negative side of each h options method. Detailed, but interesting, well written and easy to understand. Within days of reading the book I was selling covered calls like a seasoned vet, selling protective puts before market corrections and exploring spreads for profit. Truly a great read, a great book and worth 5 times the cost

This is another great book for folks who are looking to start trading options. I would not use this as my first book though. Options Trading: Quick Start Guide is perfect for a first book to read. This is an excellent book once you get your footing on terms and understanding the easy strategies or calls and puts. This book gives you some more information on knowing how to use the different strategies and why. This book is very easy to read and provides a wealth of information. This is one of a few books that I keep handy to use a reference when doing my own practicing with stock option trading or when reading other books. So far I am still focusing on the easier options trading strategies so I have not done more than a cursory read of the more advanced strategies because it is too soon for me to even worry about those. I have to master the easier strategies before moving on to more difficult trades.

This book is AMAZING! if this book was $100 I would pay for it, because it has already made me money. I have about 2 1/2 years experience in stock trading (buy and hold strategy) and options have always intimidated me. This book explains all the ins and outs of options so even a beginner with no experience in any stock trading strategy can understand. If you want to make best use of this book I recommend studying up on stock trading basics so this book's strategies will be easier to implement. I bought $MU puts right before earnings call and made 116% return on my first options trade. If you are a SERIOUS trader looking to become seriously EDUCATED in the market and options trading, I HIGHLY recommend this book, coming from someone who trades in the market everyday. Best thing about this book is that for just a few dollars, you get knowledge you will carry with you for the rest of your life and if you don't think that is worth it then you don't know the value of knowledge. Cheers and good luck to all.

This is a very basic book that does not have much to offer a trader that understands the stock market already. I was disappointed. Chapters titled how to choose the best option basically just say it is up to you. There are no great secrets in this book and it does not address advanced strategies like butterflies in enough detail to help me.

Understanding options is a very good book . It’s a book that you would not read but study . It’s a book I that I study a chapter at least twice before moving on .very informative and well written . Most enjoyable.

Excelente producto

Easy to learn German from this book

I thought I was buying the whole book, which would teach me about options trading; as outlined in the table of contents, this is a 7-part book, with 28 chapters in total. What I received, was only the first part, which discusses in the most vague manner, what should later be discussed in the rest of the book, which is not included.

Excellent book. Written in a style that is both simple to read and understand. Author has very good understanding of his subject and has written several popular financial books that are well received. The points presented are actionable and sincere, just like his name Michael Sincere. How I wish I have known of this book much earlier. I have bought 5 books from this author. No regret.