Options Made Easy: Your Guide to Profitable Trading (2nd Edition)

Features

• Cover Type: Hard Cover with 368 pages
• Published by: FT Press
• Edition: 2nd Edition July 28, 2005
• Written in: English
• ISBN 10 Number: 0131871358
• ISBN 13 Number: 978-0131871359
• Book Dimensions: 9.3 x 7.1 x 1.3 inches
• Weighs: 2.5 pounds

Product Review
"The best book on options I have ever come across."- Alpesh Patel, best-selling author of "Trading Online "and "Mind of a Trader" "Incredibly well presented - actually makes you want to learn about options if you are a novice, and for the expert teaches you huge amounts you never knew. The diagrams, charts and illustrations are exactly what is needed for a potentially complex subject and turns it exactly into what it says on the cover - Options Made Easy. Very thorough. Very accessible." "Guy's approach in using well illustrated diagrams is the most effective way" "to understand the concepts and intricacies of options trading. This book" "will guide you through the popular strategies adopted by traders at all" "levels. "Options Made Easy "is definitely a valuable addition to any trader's" "library. It's one of the best investments I have ever made." J Pau, Australia --This text refers to an out of print or unavailable edition of this title.

Product Description
Options trading offers unparalleled opportunity for rapid profit, but most options guides are difficult to understand and even harder to use successfully. Not this one. Options Made Easy has earned a worldwide reputation for simplicity, clarity, and practical value. In this thoroughly revamped Second Edition, renowned options trader Guy Cohen delivers even more of what makes this book so valuable: better graphics for easy visual learning, updated hands-on examples that walk step by step through real trades, and the clearest plain-English explanations of trading techniques you'll find anywhere. Unlike its competitors, Options Made Easy, Second Edition shows you how to design your own trading plan for high probability trades and consistent profits, offering proven strategies you can begin using right now. Best of all, Cohen teaches through easy-to-understand charts and graphs, not complicated math! Coverage includes: filtering for moving stocks; selecting the right strategy for each situation; bull call and put spreads; covered calls; straddle/strangle; volatility and sideways strategies; trading and investing psychology; and much more. This edition also contains a completely revamped introduction to the Greeks-- the standard sensitivities to options risk characteristics that every trader must know.

Reader Reviews
First off, I want to say that I definitely didn't dislike this book. It's a solid introduction to options trading and it covers an awful lot of material. My issue with the book is that it tried to cover too many things by not fleshing out the details on many topics. As another reviewer pointed out, there are much better options (no pun intended) if you want to learn about fundamental or technical analysis. Frankly, depending on your time horizon, if you don't have an understanding of analysis of either kind you probably shouldn't even think about trading options. But back to the book; I do wish it had more on options trading strategies. Explanations of the vertical spreads are good, but then there's just a long 'strategy table' in the back that glosses over strangles, butterflies, condors, backspreads, etc. without providing any meaningful detail on how they should be used. Topics like volatility, essential to understanding premiums, are also touched on too lightly. I don't normally care for statements like "it would take another book in itself to explain this," but I swear it was repeated 3 or 4 times. Options are a tool to limit risk, but misused they can be very risky. This book does a good job of describing what options are and some basic ways in which they're used (e.g., if you think a stock will go down, buy a put or sell a call), but it didn't provide me with enough information to successfully prepare myself to trade options. I would look to other options books before this one unless you just want a very basic primer to read before you delve into the real meat of options trading.