Understanding Options: I have been a stock market investor for 25 years. Over that time I think I probably learned, in bits and pieces, everything in this book. The problem is I didn't have a complete picture of what options were all about or how many of the elements of options trading (i.e. delta, spread, volatility, etc.) related and affected the potential of any given option or strategy. Therefore, I never bought or sold a single option. Had I read this book years ago my overall investing performance would have been greatly improved and the number of sleepless nights greatly reduced.
By William E. Steele
While many people understand the basics of investing in the stock market, the options market creates a whole additional level of complexities and intricacies. In this book, Michael does a great job of explaining the basics to the layman who is looking to get started, but doesn't know where to start. Further, he expands on basic strategies that can be used after identifying potential trade opportunities.
If you've ever dabbled in options, but felt a bit clueless, or if you have heard all about options, but haven't the slightest clue what your "options" are, this is a great read to get you started in the right direction.
By Deron Wagner