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Title: Trading Options For Dummies (For Dummies (Business & Personal Finance))
ISBN: 0470241764
Author:
George A. Fontanills
Publicate Date: 2008-03-31
Publish: 2008-03-31
List Price: $24.99
Average Customer Rating: 3.0
Format: Paperback
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Amazon Lowest New Price: $13.65
Amazon Lowest Used Price: $13.65
Amazon Merchant Price: $16.49
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| Customer Review: |
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1: May be your first book on Options
This book assumes that the reader already have familiarity with stocks, and would like to move further, to options. The author doesn't take into account the fundamental analysis of the underlying security, however, there is a chapter about the technical analysis. In my point of view, it is a drawback: a reader already familiar with the stock market may be aware of the technical analysis, so either both technical and fundamental need to be covered or none.
The book covers three types of options: stock options, index options, and ETF options. There is a separate chapter devoted to ETFs, but a reader already familiar with a stock market will get no benefit from this chapter.
The book is printed with quite a large font have quite much space around the text, so it is quick to read. This may be a good introductory book to options. It is pretty basic and easy to understand, however, it fails to address an important technique of selling puts as a way of buying the underlying security. Warren Buffett obtains most of his stock holdings through selling puts. He got most of his Coca-Cola Holdings this way, and, recently, Burlington Northern Santa Fe.
If you need a much deeper book on options, I would recommend "The Options Course" by the same author. It doesn't have the drawbacks above mentioned, very friendly and easy to understand, although it is a much lengthier read.
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2: This Book is Too Complex for Dummies
I wanted a book which would explain buying and selling options in a thorough way for someone who knew very little about options. This is not the book.
The author seems to have the intent to throw in as many complex terms without every explaining the simple things. Never once in this book is a walk through through on how to buy a call, how to sell the option, or on how to exercise the underlying contract. The same goes for simple puts.
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3: ADHD writing style
I wanted something that took me from 0 to 60 in a couple of hours, to explain options in plain english. This book goes from 20 to 120 then back to 40 and up to 80 then back to 10, very poorly constructed and organized.
(My review for Dummies: This book is difficult to follow, jumps around a lot, and rarely satisfies the curiousity at hand)
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4: Good for wrapping up loose ends
What this book lacks in detail, it makes in subject completeness.
There are dozens and dozens of great websites out there describing options and trading strategies in far better depth and completeness than this book. So, if you're looking for complex spreads or techniques, this book will not satisfy you.
However, online searches are so saturated in trading strategies that it's actually difficult to become aware of real world transactional details (like, "who are the market makers? how does assignment work?"). this book nicely wraps up those "loose ends" that are hardly ever mentioned on your favorite search engine.
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