- File Size: 61 KB
- Print Length: 45 pages
- Publication Date: January 3, 2012
- Sold by: Amazon Digital Services LLC
- Language: English
- ASIN: B006T8L9XO
- Text-to-Speech: Enabled
- Word Wise: Enabled
- Lending: Enabled
- Amazon Best Sellers Rank: #733,090 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
Basic Options Trading: Options Strategies For Beginners Kindle Edition
Based on seven years of reporting from over a dozen countries, writer Tom Wainwright takes you on an extraordinary journey into the business of being a drug lord. Learn more.
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More About the Author
After a 12-year career in talk radio and six years of college (not all undergrad!), Rocco conducted extensive academic research on Skid Row in Downtown Los Angeles. Even though Pendola's academic worked spawned fellowships, research grants and peer-reviewed academic publications, he opted out of the ivory tower for a career as a writer.
In Basic Options Trading: Options Strategies For Beginners, he focuses on investing.
Expect updates to this page as more work gets published.
Pendola lives in Santa Monica, California with his wife, daughter, two cats and a great Italian racing bicycle that collects dust because he writes (and works) too much.
Top Customer Reviews
The book covers options basics, covered calls, buying naked puts and calls and selling cash secured puts. For the price, the easy read, and the options information he is able to get to the reader in short order, this book is a great starting point for someone interested in using options as a way to potentially increase their income.
One additional note concerning a few of the other reviewers. Mr Pendola took an bearish view of a widely followed stock (Sirius XM) on the Seeking Alpha website in a few of his articles. Because of his contrary opinion he received continual personal insults from a number of those bullish on the stock who disagreed with his opinion. It appears some of those have followed him to Amazon. Mr Pendola has written and continues to write articles which are posted on the Seeking Alpha website so if someone is uncertain about buying this book go read a few of those articles and then decide. Then again, we're only talking about 9 bucks.
As I can assume was the case for many others, I discovered Rocco and his articles through Seeking Alpha. In particular, his articles regarding the use of options to double a simulated portfolio over a month, caught my eye. I have learned a lot through his articles and have done quite well using his research/insight as part of my analysis for various tech stocks. After reading his articles on Seeking Alpha, I became more comfortable with taking long positions in puts and calls. I enjoyed reading this book as it builds on the strategies his articles go over on Seeking Alpha and goes into the detail required for many of us. Personally, I enjoy his writing style and will recommend it to others I know looking to get into options trading.
However, just like investing in general, you should do your own research. Make sure you read the preview for the book and maybe read an article or two of Rocco's from Seeking Alpha. After looking over the negative reviews for this book, I can only assume that these customers did not do their research or have some personal issue against Rocco stemming from the Seeking Alpha message board (fairly common situation). If you read what I suggested above and are still interested, then you won't be surprised by the book's contents and should enjoy it too.
Pendola's approach to what many people find complicated is to breakdown explanations into simple and manageable illustrations. If the thought of trying to figure out the square root of 9 freaks you out, don't worry, most of his examples involve basic, simple math. Put away your calculator. His overarching goal is to make understanding options uncomplicated. Have you ever wanted to know the terms: buy to open, sell to close, sell to open, buy to close, out-of-the-money, in-the-money, and at-the-money. If you answered yes, this is the book for you.
The book is divided into five sections. Each section builds upon the information you learned in the previous. The first section provides the reader definitions and concepts of basic options. Complicated options are not discussed. Remember, this book is for beginners, those somewhat familiar with the terms and who want to learn more to build up their comfort level.Read more ›
The book reads like a project that the author started with great detail, precision, and good intentions, but then slammed to a conclusion simply to get it done by deadline. I gave it 1 star only because there were no negative ratings. Much better material is available for free on the web.
It has 5 chapters. Chapter 1, "Basic Options Definitions and Concepts", is worthwhile reading for the beginner; one might guess that it was the basic bait to get some kind of contract. But the following 4 chapters seem ever more rushed and lacking in detail or examples, and by the time he gets to Chapter 5 "Cash-Secured Puts", he gallops through one of many strategies (using puts to get assigned a stock--actually a pretty bizarre strategy to most) with virtually no quantitative assessment of risk and reward, then says, "That's far as I will go....I don't think other put-selling strategies make sense in an options eBook that targets investors looking to use options as much like investments as possible." Really? Why? "...as much like investments as possible." What does that mean? He sure doesn't explain in the Introduction. It sure would be nice to have a little discussion of risk/reward to bolster his opinion. Sadly, there's none.
He defers any discussion of Delta and Gamma until near the end of the book, and then doesn't provide any context, and uses them in one example only.Read more ›
Most Recent Customer Reviews
Rocco is an editor for Seeking Alpha which I contribute to. This is the first Amazon review I have ever written which makes my praise of this beginner's guide to options more... Read morePublished 2 months ago by Alex
This a good introductory text. This book is written in a very easy to understand style. It maintains a relaxed conversational approach to a complex subject.Published on January 16, 2014 by M. K Yousuf
I'm a complete novice when it comes to options trading. This book definitely address many of my concerns, however I glossary of the terminology used would have been helpful. Read morePublished on August 14, 2013 by Rick Zamudio
As someone just starting out, i found this ebook to be very helpful in explaining some of the basic concepts of option trading.Published on December 6, 2012 by Amazon Customer
Option trading has no limits and no rules. This author attempts to define and establish golden rules with stock option trading. Read morePublished on September 1, 2012 by Anonymous
Your book "Basic Options Trading..." is an interesting read for someone learning to trade in options, or as a refresher for someone like myself who has traded in options and is... Read morePublished on March 28, 2012 by LT Investor
Enjoyed it, very good entry into the subject. This book is for beginners just trying to grasp the general concepts of options trading and it's uses.Published on January 17, 2012 by new runners
If you want to know where and how to start using options, safely and effectively, Rocco has written the perfect tutorial for you. I highly recommend it.Published on January 17, 2012 by dcarr
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