All About Options [Paperback]

Thomas A. McCafferty (Author)

Book Description

Publication Date: July 31, 1998

To minimize risk and greatly increase return, lightning-fast options trading instincts are critical. All About Options, Second Edition is the ideal first step to developing these instincts. With its in-depth coverage of the basics of options and option trading, this new edition is perfect for beginners as well as traders going to the next level.

It provides:

• Facts and figures updated from the first edition, with more on stock options
• Up-to-the-minute material on changes in the marketplace and technology
• In-depth explanations of options trading strategies from basic to complex
• Knowledgeable options trading is a key element of any effective strategy

All About Options is the clearest, easiest-to-follow guidebook today on the pros, cons, risks, and rewards of using options.

Editorial Reviews

From the Back Cover

Learn Options Strategies to help you hedge your investment risks...and increase profits on the trades you make. All About Options is the trading world's clearest no-nonsense explanation of the pros, cons, risks, and rewards of using options. It shows you how to view the market clearly and without bias.

Immediately, you'll spot profit opportunities and improve your chances of capturing those opportunities--one step ahead of the crowd. This edition of the options trader's bible is packed with in-depth coverage of the basics of options and options trading, including the latest changes in the marketplace and trading technology. Traders looking to get into the game cut right to the heart of options trading theory and practice with in-depth explanations on: typos of options, and how to use each for hedging risk, taking profit, or a combination of the two; proven strategies to develop a profitable and practical plan of attack; how the personal computer has completely changed the rules--and strategies to take advantage of the changes.

Exchange-traded options can be one of the most efficient uses of capital in the trading arena today--but they can be risky to traders unfamiliar with them! Discover how to use them with skill and precision--and how to dramatically increase your percentage of profitable trade with McCafferty's All About Options.

About the Author

Thomas McCafferty has been a registered securities and options principal and involved in the futures business since 1973. He has been marketing manager at Evergreen Group, Inc., as well as a branch office manager and a futures and security broker for Securities Corporation of Iowa. McCafferty is an accomplished author, whose books include All About Futures, All About Commodities, Winning with Managed Futures, and In-House Telemarketing: A Master Plan for Starting and Managing a Profitable Telemarketing Program.

Product Details

• Paperback: 241 pages
• Publisher: McGraw-Hill; 2 edition (July 31, 1998)
• Language: English
• ISBN-10: 0070455430
• ISBN-13: 978-0070455436
• Product Dimensions: 9 x 6 x 0.7 inches
• Shipping Weight: 13.1 ounces
• Average Customer Review: 2.2 out of 5 stars  See all reviews (17 customer reviews)
• Amazon Best Sellers Rank: #369,450 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

21 of 22 people found the following review helpful:

4.0 out of 5 stars This book is for the dedicated reader, November 2, 1999

By A Customer

This review is from: All About Options (Paperback)

I think this book is quite good for "serious" beginners. But at the same time if you are a person who starts yawning on seeing a delta or gamma, you better stick with Ken Roberts and Cook's books. For as one reviewer has rightly said those are good for light entertainment and fantasy, etc.. But if you want to learn the ropes then there is no way out except falling in love with deltas and gammas. There is no free lunch. The reason why i withheld the fifth star, is that most of today's options strategies are software based and this book sheds insufficient light on that subject. Also another note to two previous reviewers, options cannot exist in isolation. Options are based on futures (except stock based options) and hence they cannot be studied or understood without refering to futures. Anyway i don't think there will be many books out there which can teach options only in isolation. so good luck. and as i said if you don't want to take the pains for example, like learning underlying relations between futures and options, stay away from this arena. Thanks.

7 of 7 people found the following review helpful:

5.0 out of 5 stars several clients have used this book to get started, July 27, 1999

By A Customer

This review is from: All About Options (Paperback)

We have referred several of our clients to Mr. McCafferty's book and they have all given it a thumbs up! He starts with the simple strategies and works his way up to more complicated strategies. He includes money management plans and how to implement your own trading plan, as well as how to integrate new software packages into your trading plan. We mail this book to clients who need help with options. This book is a must for new option traders!

8 of 9 people found the following review helpful:

5.0 out of 5 stars A MUST READ FOR ANYONE INTERESTED IN OPTIONS!!, August 12, 1999

By A Customer

This review is from: All About Options (Paperback)

I have read a couple of option books and this is by far and away the most comprehensive of the books that I have read on options and option trading. This book has made a somewhat sticky subject easy.