Options as a Strategic Investment: Fifth Edition

Title says it all. Haven’t finished reading it yet and so far so good 10/10

Great book to read if you're into investments

The option trader's bible.

Lot of theory. Missing pictures everywhere. Missing volatility and time effect in option charts. Missing best entry (exit) points as that matters Most, as it creates pnl. Theory is nice, but credit received at entry with higher credit at exist is a loss no matter the strategy profile show its still in "profit zone" based on underlying price. For each strategy, you have commissions, huge bid ask spreads, volatility, decay or huge margin against you. In the end, you still have to be "right" like when purchasing stock. That's why I completely miss the timing of trades, and stock charts. Although it's from year 2012,it feels outdated when talking about big strike differences, skipping weeklies. So far read the parts about option strategies, will update.

This book is universally hailed as the "bible of options trading." This comprehensive reference is absolutely indispensable for anyone serious about mastering the options market. It covers all modern strategies and market innovations, from basic calls and puts to complex volatility derivatives. It provides unparalleled depth, explaining the mechanics, ideal market conditions, and risks of every strategy. Simply put, this book is the definitive, essential resource for turning theoretical knowledge into strategic, profitable option investing.

Thick book, very informative and easy to read.

オプション取引のバイブルとして1冊は持っておきたい本。 オプション取引の中級レベルから上級者レベルが対象。 「現物オプション」だけでなく「先物オプション」まで網羅されている。 「先物オプション」について書かれた書籍は稀有なので重宝すべき。 オプション取引では、その構造から「買い」よりも「売り」に優位性があると様々な書籍で書かれているが、その常識が覆される内容が満載。様々なオプション戦略の具体例が示されていて、各ポジションのメリット＆ディメリットが理解できる。また、相場変動によるポジション調整のフォローアップまで詳細に解説されている。

Es un libro no apto para principiantes. No tiene visión de inversión a corto plazo. No es para vendedores de weekly's. Explica cada estrategia y las follow up actions e ideas de selección de posiciones. Creo que merece la pena.

Não contando os livros que abusam da matemática (dos quais eu passo longe e não posso avaliar) esse é o mais completo que já li. Se tivesse que indicar um único livro sobre opções, seria esse, apesar de achar indispensável também a leitura do Dan Passarelli.