 | Summaries and Customer Reviews are supplied by Amazon.com | The growing popularity of selling options is undeniable, yet it remains one of the least understood concepts in the trading world. This clear and engaging guide helps you enter the market with the confidence you need and generate profits with a consistency that may surprise you. Now in its second edition, The Complete Guide to Option Selling is the only book that explores selling options exclusively. Since its original publication in 2004, much has changed in the world of options, and the authors have provided key updates to help you take advantage of these changes. You’ll find all the information you’ll need to start writing options profitably in equities, stock indexes, and commodities and maximize your returns, minimize your risk, and even manage “black swan” events. With more than 38 years combined experience in options trading, the authors explain: - Basic mechanics of how professionals sell time premium
- The misunderstood subject of margins on short options
- Myths about option writing— and why they still circulate
- Key factors to consider when building an optionselling portfolio
- How to control risk—the right way
- Effective, time-tested strategies for selling premium
- Common mistakes beginners make and how to avoid them
Option selling provides a high probability of success that is difficult, if not impossible, toachieve in any other investment. The Complete Guide to Option Selling illustrates how to take full advantage of this unique approach and make it a profitable, high-yield component of your overall portfolio. Don’t listen to the popular myth that option selling is only for professionals. The secret is out, and individual investors can now run with it. Read The Complete Guide to Option Selling and learn how you can level the playing field with the big guys. It’s a lot easier than you may think. |
Average Customer Rating:    good idea, but very rudimentary Book focuses on options on futures which is good as most texts focus on stock options. So if you're looking for something about stock options, this isn't for you although the techniques, in theory, can be applied to any underlying.
My main criticism with the book has to do with the fact that its central premise, selling of options, is not discussed in sufficient detail, or at least won't explain the clear gap between the book's thesis and reality.
The idea to sell far out of the money options with long durations is a good idea in principle. However, finding a market which has sufficient premium at 75-100% OTM in ANY month, no matter how far out you go, is nearly impossible, inspite of the author's claims.
I have tried to raise a number of issues/questions I have had about the book and it's recommended techniques with the authors directly, wondering if I was missing something. They have not honored me with an answer.
The authors try to avoid advertising their brokerage business but I couldn't help but think that in addition to lacking real substance, this book was more of a vehicle to get people interested in becoming their clients. Given that they claim to run a business managing 100s of accounts using the book's advertised method, I cannot help but wonder what they're NOT telling the reader. Their unwillingness to answer more specific questions probably means they want you to become their client first.
In short, don't buy this book if you really want to learn a practical approach to options trading. Instead, I would recommend David Caplan's classic The New Options Advantage. Good overview of option selling in commodities This book's main focus is on the commodity space -- author did a good job describing option selling within this space. book less useful from the perspective of the equity option seller however, book still worth the money. good book to have on hand. Not the book to buy for equities options investors The book was basically written for futures/commodities options trading, not for equity options trading. It becomes confusing throughout because the examples given by the authors are based on futures/commodities, with little or no examples of equities trading. When examples do appear, they do not take up much space on the page!
It is also disappointing because the hype selling this book makes it seem otherwise. I'm sure these gentlemen know their business cold, but some of us still like to trade in good old equities. A good book. But the wrong title I enjoyed this book and if it was titled "The Complete Guide to Selling Options on FUTURES." I would have given it another star. I read the reviews by others that complained that it was really guided towards futures options and still bought it because I wanted to learn about this market. But the title is misleading. I thank the other reviewers who wrote that because I would have been annoyed if I bought this book thinking it was a complete guide to trading options. The book is well written, thorough ( on futures options)and a good read. I learned things and that is one of my major criteria for any book like this: Did it have any new information for me? And it did.
I used to be a professional bond trader. I have Series 7, 63, 8 & 24 licenses. So I am not a novice to the markets but my exposure to option trading was limited to my own account.
The authors are part of a full service broker and towards the end of the book they really push full service brokers against discount or "order clerks." And the only full service broker listed in the resource section is theirs.I would prefer less spin towards their business and more listing of pros and cons of both as well as listing some other full service brokers that specialize in options and futures. That being said. If you're looking for a book on how to trade your own account I highly recommend this book.
That may seem contradictory but the authors really do a good job telling you what you need to know to trade successfully. If you can't do what they recommend or do not wish to spend the time you better not trade these options on your own.
As for me. I just might become a client of theirs. I need to do more research first. Simplicity works The authors take a unique approach to selling options--simplicity. They have developed a method which is easy to understand and implement. Their approach to the subject matter is to follow a fully explained, step-by-step method of selling options. They inform the reader which options to sell and which to avoid. The method culminates with a profitable plan that will provide regular income on a monthly basis. Anyone interested in making money from selling options should put this book on the top of their reading list. |  |
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