Average Reviews:
(More customer reviews)I have been trading stocks and options for 3 years and found the volatility, strategy and synthetics section excellent. I have had a hard time understanding synthetics and the idea of creating other positions and understanding the risk and rewards was very useful. I already knew all the strategies but the book went into explaining how to trade them and hedge them. The contract vs. delta neutral was very informative and practical. The simple use of calculating volatility down to the day was very useful and helps me determine option's premiums against fair value. I like the workbook feel instead of textbook feel.
Pros - Simple explanation of volatility, intro to synthetics, strategy section with how to trade the positions, great basic strategy formula section, interesting market making section, seemed more like a workbook, and a the quiz at the end of each section.
Cons - More on Synthetics, some sections a little complicated for the beginner (This book is more intermediate then basic). Would like more on pricing formulas. The position trading section needs more examples instead of just one.
Final thoughts: ... it was worth it, not too complicated, and information that you can use. At least it wasn't another one of those "get rich" day-trading books about scapling 1/8s with nothing but speculation and a lot of BS. I have enough of those books on my self, wish I could sell them. McMillan's book is the only other option book that I have found useful.
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Options are an investment vehicle that can enhance virtually any investment philosophy. Fundamentals of the Options Market provides a clear, concise picture of this global marketplace. Using examples drawn from contemporary financial news, this completely accessible guidebook describes why and how these versatile tools can be used to hedge risk and enhance return, while explaining popular products including listed stock options, index options, and LEAPS.
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