Showing posts with label spreads. Show all posts
Showing posts with label spreads. Show all posts

Option Spread Trading: A Comprehensive Guide to Strategies and Tactics (Wiley Trading) Review

Option Spread Trading: A Comprehensive Guide to Strategies and Tactics (Wiley Trading)
Average Reviews:

(More customer reviews)
The author definitely knows what he is writing about but I have strong doubts about his ability to write a readable and error-free book. Throughout reading it, I had a strong impression that I was the first person on the planet who read it, and this includes the author himself and editors and proofreaders if there were any. (It is incomprehensible to me how such a reputable publishing house as Wiley could give it a green light.) But it is not only English, which sometimes gives you a real headache. It is also factual errors. For example, there is reference to Figure 4.4 but it is not there. There is also no Figure 4.3 but luckily, there is no reference to it, either. The author writes "straddle" where it should be "strangle" and "iron condor" where it should be "iron butterfly." Figure 5.17 has Long Straddle with wrong numbers, and this is a Figure comparing the Long Straddle with the Reverse Iron Butterfly. There are more errors, misreferences, and clumsy sentences violating the rules of English grammar. The author also has a very strange tendency to explain relatively simple concepts in the most convoluted manner and constantly repeat himself.
The aforementioned Figure 5.17 was a last straw that broke my patience and rushed me to write this review. I am almost sure that I will see more surprises in the rest of the book, and I intend to read it to the end because of the autor's competence in the subject (that's why 2 stars rather than 1). So if you are eager to test your patience and to see how quickly you'll get really annoyed with this book, buy this book with confidence.

Click Here to see more reviews about: Option Spread Trading: A Comprehensive Guide to Strategies and Tactics (Wiley Trading)



Buy NowGet 30% OFF

Click here for more information about Option Spread Trading: A Comprehensive Guide to Strategies and Tactics (Wiley Trading)

Read More...

McMillan on Options, Second Edition (Wiley Trading) Review

McMillan on Options, Second Edition (Wiley Trading)
Average Reviews:

(More customer reviews)
As a ROP (registered Options principal) I feel I am uniquely qualified to review this book. First, understand that Larry McMillan is considered by many to be the best options mind on Wall Street (sorry Bernie Schaeffer). His knowledge of this less-than-logical derivative investment is the equivalent of Alan Greenspan's knowledge of the economy.
My assessment: this is a good book. McMillan covers virtually every aspect of options trading: history, terms, strategies, volatility, theoretical approaches, etc. I am particularly impressed by Larry's use of historical examples to bring complicated strategies down to basic levels.
This is not to say this is an easy read. An easy investment read is Peter Lynch's "One Up on Wall Street". McMillan on Options is more like a doctor's guide to brain surgery: the pictures are cool but the content can be complicated. Topics covered include spreads (verts, calendar, diagonal), straddles, combos, the greeks (delta, rho, theta, vega and gamma) and strategies that employ these. If volatility is your life, and you hold a hefty position in Rolaids futures, then this book is for you. I have not read a more comprehensive, useable options book. I believe all options traders and speculators should own McMillan on Options.

Click Here to see more reviews about: McMillan on Options, Second Edition (Wiley Trading)

Legendary trader Larry McMillan does it-again-offering his personal options strategies for consistently enhancing trading profits
Larry McMillan's name is virtually synonymous with options. This "Trader's Hall of Fame" recipient first shared his personal options strategies and techniques in the original McMillan on Options. Now, in a revised and Second Edition, this indispensable guide to the world of options addresses a myriad of new techniques and methods needed for profiting consistently in today's fast-paced investment arena. This thoroughly new Second Edition features updates in almost every chapter as well as enhanced coverage of many new and increasingly popular products. It also offers McMillan's personal philosophy on options, and reveals many of his previously unpublished personal insights. Readers will soon discover why Yale Hirsch of the Stock Trader's Almanac says, "McMillan is an options guru par excellence."

Buy NowGet 37% OFF

Click here for more information about McMillan on Options, Second Edition (Wiley Trading)

Read More...