Selected Product:
| The Options Course Second Edition: High Profit & Low Stress Trading Methods (Wiley Trading)
Hardcover
Edition: 2
Author: George A. Fontanills
Publisher: Wiley
Release Date: 2005-02-08
ISBN-10: 0471668516
ISBN-13: 9780471668510
List Price: $80.00
Average Customer Rating:
   | |
Options Made Easy: Your Guide to Profitable Trading (2nd Edition)
ISBN-10: 0131871358
ISBN-13: 9780131871359
List Price:$27.95
The Bible of Options Strategies: The Definitive Guide for Practical Trading Strategies
ISBN-10: 0131710664
ISBN-13: 9780131710665
List Price:$55.99
The Volatility Course
ISBN-10: 0471398160
ISBN-13: 9780471398165
List Price:$55.00
The Volatility Course
ISBN-10: 0471398160
ISBN-13: 0723812398164
List Price:$55.00
Trade Options Online (Wiley Online Trading for a Living)
ISBN-10: 0471359386
ISBN-13: 9780471359388
List Price:$29.95
The Options Course Workbook: Step-by-Step Exercises and Tests to Help You Master the Options Course (Wiley Trading)
ISBN-10: 0471694215
ISBN-13: 9780471694212
List Price:$45.00
|
To use our price comparison to get the cheapest price, please click on the "Find the Cheapest Price" button located above for The Options Course Second Edition: High Profit & Low Stress Trading Methods (Wiley Trading) by George A. Fontanills (ISBN-10: 0471668516, ISBN-13: 9780471668510).
At this time we have not yet written a review for The Options Course Second Edition: High Profit & Low Stress Trading Methods (Wiley Trading) by George A. Fontanills (ISBN-10: 0471668516, ISBN-13: 9780471668510). Please continue to keep checking back to this page as we are constantly adding reviews.
Summaries and Customer Reviews are supplied by Amazon.com
Use this invaluable tool to gain a competitive edge and avert bad investment decisions.
Well-known options strategist and instructor George Fontanills has updated his time-tested and bestselling book, The Options Course. The new edition improves and expands upon the original to help you avoid some common and costly options mistakes. The systematic, step-by-step approach, covers everything from basic concepts to sophisticated techniques and is designed for investors at all levels of experience.
Avg. at best.
| Customer Rating: | | Not great on information if you have more than a curosry understanding of options. I must admit, however, that many swear by this book--I just didn't get that much out of it. A better, albeit much less entertaining book, is Options as a Strategic Investment. Just be sure that you are purchasing the actual book and NOT the study guide. |
Broad coverage, mostly good book
| Customer Rating: | My background up until reading this book was a few years of mutual fund and stock trading in my personal portfolio, so my review is based on that. I had no previous options knowledge when reading the book.
I felt that George did a fairly decent job of covering a broad range of topics in this book (maybe too broad), from stock and option trading, to how to pick a broker. IMHO since it is attempting to be a fully-encompassing book, it should have covered tax implications and tax planning, maybe even the current tax laws to some extent. Somebody who is new to this and happens to do well financially w/a large sum of realized profits, or do badly and end up in the poor house, will be in for a not-so-nice surprise when they file their taxes.
The examples and rationale on options strategies were clear to me, though some of them necessitated a 2nd read until I could fully understand. One subject which he left me hanging on is implied volatility vs. statistical volatility (i.e. I was looking for some formulas and concrete examples on how to determine if a given option premium is underpriced or overpriced). Instead the book refers the reader to a premium website for that content (I assume there is a fee/subscription involved...self-promotion).
Practially, I have used some of the simpler options strategies, albeit in 1 or 2 options contracts at a time, and have found them to be useful. It is a completely different way of thinking, for example, to weed out the lousy companies and/or companies which are expected to face difficult circumstances in the future and to put a bearish trade in place. The drawback is, ATM and ITM options are not cheap realative to the stock price and each options contract is in a multiple of 100, so between any stock owned and the options contracts themselves, this is something needing a commitment of thousands of dollars (many thousands of dollars since you'd want to diversify your portfolio with a few holdings). You can quickly lose most/all the money you paid for the options contracts if you are not careful. I felt his historic examples of options plays in the stock market were optimistic ones in general...I wouldn't expect to have that much of a return on a regular basis. And personally I will never trade on margin or enter into trades with unlimited risk.
The main valuable thing that I have gotten out of this book is that options can be used as a means to manage risk, which is extremely important in a volatile stock market like what we have now.
Overall I learned quite a bit from this book, but it left me thirsting for how to value an option's premium as over/under valued and also very lacking on the tax implications.
|
The Options Course a great resource
| Customer Rating: | | If you intend to be a serious trader in the options market, this book is one of the "must reads." It has a basic approach to the subject matter yet delves into complex trading strategies in a way that is understandable to the novice trader. I recommend this book be studied along with "Option Volatility & Pricing" by Sheldon Natenberg. |
this is crap
| Customer Rating: | | this is crap, after reading it you won't understand the first thing about options, some readers wrote or suggested that it is good for begginers, it's lie, get some decent books such as Hull's crap. Hull is considered by the way as an introduction! |
Great Book for the Options Novice
| Customer Rating: | If you're looking for a great book that teaches the novice trader the basics of trading options, then look no further. This book does the best job yet of thoroughly covering the gritty details. In fact, it spends the first 138 pages of its 300 page length doing just that.
I'm not suggesting that a novice can read this book and start expertly trading options. No, this book is a very long way from that. But if you know nothing about the subject then this is one of the best places to start learning. After thoroughly covering what options are, risk profiles, how to spot explosive opportunities, and risk and margin, the author launches into what I found to be the most interesting part of the book; covering the nuts and bolts of delta neutral trading.
Understanding the concept of delta is so important to effectively trading options that no trader should make his or her first trade without spending weeks if not months immersed in the subject until it is thoroughly mastered. Finding trades with a favorable delta is frequently the difference between profit and loss. And learning how to effectively trade delta neutral strategies is frequently the difference between staying in the game and washing out.
This book is easy to read and understand. While I found it a little short on practical application, it does a superb job of teaching the basics. It's an effective tool for the beginner and it should enjoy many years of frequent use. |
|
