|  See all products
Trading options may take some time and effort to learn, but can be very rewarding as a way to invest. Options can be used by both conservative and agressive investors alike to reduce their risk, improve their returns, hedge their positions, diversify their portfolios and take advantage of leverage.
The best overall "bible" of option trading is Options as a Strategic Investment. This book covers everything you need to know on options from the basics for beginners to volatility and index trading for advanced traders. It is a thick book and serves as a great reference to continually use as your option trading skills improve. If you have a good understanding of the basic strategies then a good book to have at your side is my book which covers how to make trade adjustments to lock in a profit, hedge against a loss, or boost your returns, and also teaches proper risk management The Option Trader Handbook: Strategies and Trade Adjustments (Wiley Trading).
These two books should give you all the info you need for trading. If you wish to start slower and easier then I would suggest Trade Options Online (Wiley Online Trading for a Living) or Getting Started in Options, Fifth Edition. However, I still think that McMillian's book is the best overall choice and a pure beginner should just focus on the first few chapters which explain how options work and basic strategies.
You cannot trade options without understanding implied volatility and the best book on that subject, although recommended for advanced readers, is Option Volatility & Pricing: Advanced Trading Strategies and Techniques and for an easier introduction to implied volatility, try The Volatility Course.
There are numerous books out there on options and many contain the same information although presented slightly differently. I feel that the above books are the most comprehensive for both beginners and advanced traders alike.
Since options are based on an underlying stock or index, to be successful in option trading you need to understand both technical and fundamental analysis. The bible of technical analysis is Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance S.) which is a great reference and reading guide to TA and will give you more than enough info on using TA in your everyday trading. For an overview of fundamental analysis and great insight into how it is done on Wall Street I recommend Security Analysis on Wall Street. There are too many in depth books on fundamental analysis to mention them all but Hooke's book is a good starting place for those with little or no background on the subject. Products mentioned include:
|
| |
lowest price in Textbooks, 
Books, Music, DVDs & more
shopping cart
my account 
log in 
Stock Exchange 
<%
}catch(Exception expen){ //out.println("EX="+expen.getMessage());
%> 
