Option Spread Strategies: Trading Up, Down, and Sideways Markets (Bloomberg Financial)

I saw that each strategy had about 30 pages of information, so I thought that the depth of discussion would be quite good. Unfortunately, the first 10 pages of each chapter is simply which options make up the strategy. Investopedia does the same job in 1 page. The next 10 pages shows pictures of the greeks, which I did not find very useful. Probably the reason why is that there is not a single options chain in the whole book. The values he picks for his greeks would seem to come out of thin air to the newer trader. Also, the pictures often times do not use the same scaling/pricing as the examples that they are supposed to be describing. Qualitatively, they are good, but it could have been much better if Saliba matched the graphs more tightly to the text. The only parts I liked was the last 10 pages when he talks about adjustments. I have had a tough time finding books about adjustments, and this one gives a good introduction to adjustments. Sometimes though, his advice is not really advice: "If your trade moves against you, then take appropriate actions to protect your capital." What can I do with that? I thought the exercises at the end were trivial. They test you to see if you understood what you read like "What does a short put vertical made of?" I would have rather seen questions about what to do in different situations, but these only make up 10 or 20% of the questions.Overall, I would describe this book as teaching the newer trader about how options work, but not how to trade them successfully. Saliba avoids complicated math and keeps it simple. As other reviewers have noted, he is perhaps a better teacher than others. However, this is really only an overview of option strategies and does not give enough real-world scenarios to equip the reader to make money by trading options.

I particularly like the Greek effects on all strategies presented. This has major impact on what to look out at entry of trade, management of position and exit actions when we reached our target or when something gone wrong horribly.

Good refresher on different spread trading strategies. A little heavy on the greeks. Comes across as a school textbook with quizzes at the end of each chapter.

This book was nearly useless to me, which was disappointing since I trade hundreds of thousands of dollars worth of option spreads every month.The book is obsessed with "the greeks", the partial-derivative relationships between various external factors, like volatility or time to expiration, and the theoretical price of an option or option structure. There are pages upon pages of charts of price-vs-gamma or price-vs-delta of various spread structures--mostly annotated with print so small that it is unreadable, at least in my edition. But there is not a single word explaining how a trader should use these charts to establish or manage trades.Of all the options books I've ever purchased this was the least useful.

Very thorough, but the authors make things more complicated than they are. Perhaps they wanted to show how smart they are. I am only interested in using options to make money.

I got some interesting ideas that I could incorporate with my own methods.

Had some info that I was looking for.

Great

obviously not for beginners but serves as excellent reference book.

This book is extremely useful for those who want to understand options trading under the point of view of a real trader. It shows the Greeks and graphs of the main options strategies, which is something that I had never seen in any other book. It's written in a very simple way. No formula, no maths, no complexity. I strongly recommend.

Un libro bastante descriptivo sobre como operar combinaciones con opciones en distintos tipos de mercado, esta bien estructurado y bien escrito pero no es un libro de iniciacion a las opciones dada la complejidad de las estrategias que describe.