The Bible of Options Strategies: The Definitive Guide for Practical Trading Strategies (Hardcover)

by Guy Cohen (Author) "The easiest way to learn options is with pictures so that you can begin to piece together strategies step-by-step..." (more)
Key Phrases: average daily volume, maximum reward, net position, The Bible of Options Strategies, Delta Delta, Appropriate Time Period (more...)

Editorial Reviews

Review

" Guy Cohen is the master when it comes to taming the complexities of options. From buying calls and puts to iron butterflies and condors, Guy explains these strategies in a clear and concise manner that options traders of any level can understand. His chapter on options and taxes is especially welcomed (and needed). The Bible of Options Strategies is a straightforward, easy-to-use reference work that should occupy a space on any options trader’s bookshelf. "

--Bernie Schaeffer, Chairman and CEO, Schaeffer’s Investment Research, Inc.

 

"The author delivers clarity, insight and perception making learning about options a joy, and practicing the art of making money that much easier: truly a bible from a guru."
–Alpesh B. Patel, Author and Financial Times Columnist

 

"Guy Cohen truly makes learning about options easy in this fact-filled guide. Bullet points make for a quick and enlightened read, getting to the heart of what you really need to know about each options strategy. This book is a must for any serious trader's library."
–Price Headley, Founder, BigTrends.com

 

 

Product Description
For the first time: the world's 60 best options trading strategies, all in one expert reference! *The practical, easy-to-use trading reference for every options trader. *Why each strategy works, when it's appropriate, and how to use it -- step by step! *By Guy Cohen, creator of the Optionseasy system that's helped thousands of traders achieve breakthrough results!

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Product Details

chapter one of Bible of Options Strategies [PDF]

• Hardcover: 400 pages
• Publisher: FT Press (April 17, 2005)
• Language: English
• ISBN-10: 0131710664
• ISBN-13: 978-0131710665
• Product Dimensions: 9.6 x 7 x 1.4 inches
• Shipping Weight: 2.2 pounds (View shipping rates and policies)
• Average Customer Review: 4.6 out of 5 stars See all reviews (50 customer reviews)
• Amazon.com Sales Rank: #14,317 in Books (See Bestsellers in Books)

  Popular in these categories: (What's this?)

  #25 in	Books > Business & Investing > Investing > Options
  #42 in	Books > Business & Investing > Investing > Futures
  #94 in	Books > Professional & Technical > Accounting & Finance > Finance

Customer Reviews

Most Helpful Customer Reviews

47 of 48 people found the following review helpful:

4.0 out of 5 stars Definitely a reference book, not a manual, April 12, 2007

By	Bryan Cass "Bee Ry Boogy" (Victor, NY USA) - See all my reviews

Guy Cohen lays out just about every option strategy that you could make work, given the right market conditions and your tolerance for risk. I would certainly put this book in the "Reference Book" category -- something that you would take out on occasion to answer a query about how a certain trade is placed or when it's a good strategy to use.

I started out with the intent of reading it from cover to cover. But I have to admit that I ended up skipping a lot of the material after reading the first 100 pages or so because it gets somewhat repetitious. So this indeed makes a good reference book, say, when you hear someone mention a "Long Put Condor" and wonder what it is. Or if you forget what market conditions (volatile, neutral, etc) would be required for a Bear Call Spread to work well. Also, I do appreciate Guy's organization of strategies by Risk/Reward, Direction, Volatility, etc. That makes it easy to get a short list of strategies given your own trading style and the market conditions.

What I found missing that I wish was there is information like how far from Option Expiry should this strategy be placed, what is an optimum range of IV for the underlying stock for each type of strategy, when should the strategy be repaired or exited? How do you repair it, or leg in or out successfully?

Also, I still do not understand what the little charts mean at the end of each strategy. I understand that they represent some kind of profile for each of the greeks, but there's no scale or indicators on the axes, nor can I find an explanation of what the dotted, dashed and solid lines mean. Maybe it's just me, since I've only been trading options for about a year now. If you're an experienced option trader, you'll probably know what they mean.

61 of 67 people found the following review helpful:

4.0 out of 5 stars Systematic Options Coverage, August 25, 2005

By	Craig L. Howe "The Pointed Pundit" (Darien, CT United States) - See all my reviews (TOP 500 REVIEWER)    (REAL NAME)

Options trader Guy Cohen has captured the beauty of options as a flexible trading vehicle with this book.

He reduces more than 60 options strategies strategy into five key areas:

1. Income strategies
2. Volatility strategies
3. Sideways market strategies
4. Leveraged strategies
5. Synthetic strategies.

Even the newest trader will find his insightful explanations of the most complex strategies clear and concise. This would be the book to have by your side if you were looking for a definitive guide to contemporary options trading if it were not so poorly edited. The mistakes distract from what would be a masterpiece on options trading.

59 of 70 people found the following review helpful:

3.0 out of 5 stars too many typos but useful anyway, August 24, 2005

By	Michelle M. Ress "safoocat" (Felton, CA., USA) - See all my reviews (REAL NAME)

While I think this book has useful information in it, so far I've been disappointed because it is riddled with typos. There were several typos in the preface, and once I got into the book the typos continued.

It's as if it was proof read by a non-native speaker, or wasn't proofed at all. Some of them aren't simply grammatical typos either, for instance call was used where
put was the topic.


Having said that the book is improving my bottom line by giving me some useful ideas for options trading. It's a definite plus for the library of an options trader.
Michelle Ress