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Basic Options Trading: Options Strategies For Beginners [Kindle Edition]

Rocco J Pendola
4.3 out of 5 stars  See all reviews (18 customer reviews)

Kindle Price: $8.99
 
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Book Description

One of the top contributors to the financial website, Seeking Alpha, Rocco Pendola covers the most basic options strategies in this tightly-packed, accessible eBook. With a focus on covered calls, long calls, long puts and cash-secured put writing, Pendola argues that options, generally, present no more risk than stocks. In fact, when used as part of a relatively conservative game plan, options can mitigate risk. After reading this eBook, even new investors will have developed an understanding of basic options concepts and strategies that they can apply, when they deem themselves ready, in portfolios of all sizes.


Product Details

  • File Size: 61 KB
  • Print Length: 45 pages
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • ASIN: B006T8L9XO
  • Text-to-Speech: Enabled
  • X-Ray:
  • Lending: Enabled
  • Amazon Best Sellers Rank: #490,592 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

Most Helpful Customer Reviews
12 of 14 people found the following review helpful
5.0 out of 5 stars Perfect Options Book for Beginners January 13, 2012
Format:Kindle Edition|Verified Purchase
This book does exactly what the author intended it to do - provide a starting point for beginning option traders. Mr. Pendola was asked by a number of individuals that read his articles on Seeking Alpha to provide them with an easily understandable book on basic option fundamentals and strategies. After reading his book on my morning commute I believe he has more than accomplished his goal.

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.
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7 of 8 people found the following review helpful
5.0 out of 5 stars Ideal, concise book for beginner-intermediate investors January 16, 2012
By nedved
Format:Kindle Edition|Verified Purchase
To make this review more helpful, I figure I should I give a bit of background about myself. I am a 24 year old who started trading and following the market daily about 3-4 years ago. Moreover, I recently became more interested in options about a year ago and had been relatively successful, primarily through the use of selling puts (well described in the book). As someone who is quantitatively driven, I tried more complex option strategies through a simulated account but was not nearly as confident or successful with them and have yet to employ these strategies for real.

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.
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6 of 7 people found the following review helpful
4.0 out of 5 stars A simple, yet informative read February 9, 2012
Format:Kindle Edition
Basic Options Trading: Options Strategies For Beginners by Rocco Pendola is not a get rich quick read. If you are looking for a book to offer you outrageous guarantees about fast cash and then retiring along the Mediterranean this is not the book for you. However, if you are looking for a sensible, down-to-earth guide about the basic principles of options investing then Pendola's eBook is a good start. The writer focuses on defining the concept of basic options, not giving advice as to how to make a quick buck. He writes, "I want you to be able to use this book as a logically-flowing roadmap to understanding the very basics about options and turning that knowledge into a workable and relatively safe options strategy. Think of this as more of a workbook or a progression of concepts, thoughts and ideas, rather than a traditional text."

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.
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13 of 18 people found the following review helpful
1.0 out of 5 stars Not Up To The Task At Hand April 4, 2012
Format:Kindle Edition|Verified Purchase
Rocco Pendola had a good idea: describe a couple of strategies for making money with options that could be used by relatively unsophisticated investors--say the retired person trading for his IRA. He fails pretty badly, which is surprising given the quality of his writing and discussion with subscribers on the Seeking Alpha website, for which he writes.

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.
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Most Recent Customer Reviews
4.0 out of 5 stars Good as an introductory book.
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 7 months ago by M. K Yousuf
4.0 out of 5 stars Beginner's comment:
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 more
Published 12 months ago by Rick Zamudio
4.0 out of 5 stars Easy read for someone starting out
As someone just starting out, i found this ebook to be very helpful in explaining some of the basic concepts of option trading.
Published 20 months ago by Tuney Johnson
2.0 out of 5 stars More of an option traders trial and error experiment in stock option...
Option trading has no limits and no rules. This author attempts to define and establish golden rules with stock option trading. Read more
Published 24 months ago by Anonymous
5.0 out of 5 stars An Options tutorial that's a Proven Success
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 more
Published on March 28, 2012 by LT Investor
5.0 out of 5 stars Good first steps.
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
5.0 out of 5 stars Perfect for beginners
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
5.0 out of 5 stars Great Book For Options Beginners
I started reading Rocco's articles on Seeking Alpha and am glad he wrote a book. It's a great book for people who want to learn the basics of options trading. Enjoyed the read. Read more
Published on January 16, 2012 by DavidAClark
5.0 out of 5 stars A clear presentation of an often confusing subject
Pendola does an excellent job of clearly and simply presenting a subject that is often confusing to beginning equity investors.
Published on January 16, 2012 by Victor A Schrager
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More About the Author

Rocco Pendola writes for the financial Website, Seeking Alpha.

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.

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