How to Make Money with Stock Options, Third Edition [Hardcover]

Mervyn L. Hecht (Author)

Book Description

Publication Date: July 1, 2005

How to Make Money with Stock Options is an introduction for the conservation, non-professional investor to the strategies used by professional investors to increase yield on investment through the use of stock options. Beginning with the basic elements of the differences between stocks and options, Mr. Hecht gradually moves the reader to the advanced stages of options strategies, including buying and selling puts and calls, spreads, and buy-writes. Throughout the book the emphasis is on conservative strategies, and an understanding of what makes particular strategies risky or conservation (and what those terms mean). The author includes practical sections on mitigation of losses and hedging, and helpful diagnose of common psychological pitfalls that sometimes influence our decision making in the market. Finally, there are sections giving practical advice specifically to stock brokers and layers handling option-related cases. How to Make Money with Stock Options makes this complex subject manageable for the average investor who wants to increase his or her investment return while maintaining a conservative posture.

Editorial Reviews

Review

A valuable and easy to read book for all investors and their professional advisors. --David Gindoff, C.P.A.

The only options book for conservative investors seeking risk control and increased profits. Most useful for the average investor. --William E. Grieb, Ir.

About the Author

Following graduation from UCLA (B.A. 1960) and Harvard Law School (J.D., 1963), Mervyn L. Hecht practiced law for twenty-five years. During his practice he advised national brokerage firms, individual investors, and interment advisors on investment strategies. Since his retirement, Mr. Hecht acts as a consultant to law firms involved in options cases, and sits as an arbitrator for the New York Stock Exchange and the National Association of Securities Dealers. The author lives in Santa Monica with his wife, Dr. Elizabeth Hecht.

Product Details

• Hardcover: 157 pages
• Publisher: Invinoveritas Press; 3rd edition (July 1, 2005)
• Language: English
• ISBN-10: 0966248120
• ISBN-13: 978-0966248128
• Product Dimensions: 9.1 x 6.1 x 0.8 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Average Customer Review: 4.6 out of 5 stars  See all reviews (14 customer reviews)
• Amazon Best Sellers Rank: #1,873,944 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

20 of 21 people found the following review helpful:

5.0 out of 5 stars A great primer for the new and the experienced, February 10, 2000

By 

Mark A Rodman (Britain) - See all my reviews

This review is from: How to Make Money With Stock Options: A Basic Guide for the Conservative Investor (Hardcover)

Being new to options trading, I read several books on the subject and would have to say that this book provides the easiest to read and understand explanation of the basics. It also promotes a conservative style of trading which assures the new trader will not kick off their options experience by some bad large, losing trades. While the book deals with the basics in a easy style, it also tackles more advanced techniques for those who progress quicker.

12 of 13 people found the following review helpful:

5.0 out of 5 stars Great updated edition., October 1, 1999

By A Customer

This review is from: How to Make Money With Stock Options: A Basic Guide for the Conservative Investor (Hardcover)

I have looked at the second edition of this book and can strongly recommend it. This is still the only book written for a general audience that give us 'little guys' what we need to make some money with options.

11 of 12 people found the following review helpful:

5.0 out of 5 stars A valuable and easy-to-understand primer, March 21, 2001

By 

PAUL PAPAYOANOU (Cambridge, MA USA) - See all my reviews

This review is from: How to Make Money With Stock Options: A Basic Guide for the Conservative Investor (Hardcover)

Especially in these volatile times in the stock market, Hecht's book is extremely valuable reading for investors. Using plain language, Hecht explains how investors can hedge and pursue less risky strategies with stock options. Those who have some familiarity to investing in the stock market will have no trouble understanding Hecht's presentation of what is often difficult material. His book makes it easy for conservative investors, and those who want to pursue less risky approaches, to make stock options a part of their investment strategy. Thanks to Hecht's book, stock options are now an integral part of my approach to the market, and I'm benefitting handsomely.