The New Options Advantage: Gaining a Trading Edge Over the Markets, Revised Edition [Hardcover]

David L. Caplan (Author)

Book Description

Publication Date: March 1, 1995

Renowned options expert David Caplan shows investors how to analyze probabilities and create options positions that place the odds squarely in their favor. A savvy, streetwise book, The New Options Advantage eschews theory in favor of providing readers with strategies that really work. Completely updated, this edition contains an expanded discussion of volatility, on of the most important factors in options trading. Packed full of insights derived from years of successful trading. The New Options Advantage will appeal to a wide spectrum of traders. Specific topics include: The ``trading edge'' philosophy; Understanding and using option volatility; Identifying and exploiting undervalued and overvalued options; Strategies for different market outlooks; Using a computer to trade options.

Editorial Reviews

About the Author

McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide

Product Details

• Hardcover: 225 pages
• Publisher: McGraw-Hill; Revised edition (March 1, 1995)
• Language: English
• ISBN-10: 1557388636
• ISBN-13: 978-1557388636
• Product Dimensions: 9.5 x 6.5 x 1 inches
• Shipping Weight: 1.2 pounds
• Average Customer Review: 3.9 out of 5 stars  See all reviews (11 customer reviews)
• Amazon Best Sellers Rank: #481,577 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

13 of 13 people found the following review helpful:

5.0 out of 5 stars Filled with Insight, Creative, Not For Newbies, June 15, 2002

By A Customer

This review is from: The New Options Advantage: Gaining a Trading Edge Over the Markets, Revised Edition (Hardcover)

A good choice for stock option investors despite it mentioning commmodities. This book will overwhelm a beginner, who should start with Charles Caes' great "Tools of the Bear" (which works for bull and bear markets). Far superior to George Fontanills. Caplan is creative, he writes well and gives the studious reader many important tips. I made two pages of notes from this book. With even a little experience, an options investor will truly ascend to a higher level of knowledge and trading mastery with this book.

13 of 13 people found the following review helpful:

5.0 out of 5 stars Creative Options Strategies That Work, July 16, 1998

By A Customer

This review is from: The New Options Advantage: Gaining a Trading Edge Over the Markets, Revised Edition (Hardcover)

David Caplan doesn't pull any punches with this book. What you see is what you get. If you want straight forward trading ideas, buy this book. If you want detailed and esoteric volatility analytical tools, buy Natenberg or some of the other PhD's works. What really is great about Caplan is that he is a speculator, he seems to enjoy risk, heck doesn't every options trader. Unfortunately, for most readers, the majority of books on the markets are written for people who despise risk. Caplan exposes a number of techniques that will eliminate a fair amount of the risk that goes with buying outright. However, the best techniques in the book are about selling options. Ask your broker if he agrees and he will probably say no, but I would bet that Caplan has gotten rich on this technique. Sell premium and get rich; buy premium and die broke...

11 of 11 people found the following review helpful:

3.0 out of 5 stars I ONLY TRADE STOCK OPTIONS SO THIS BOOK WASN'T WHAT I WANTED, August 22, 1998

By A Customer

This review is from: The New Options Advantage: Gaining a Trading Edge Over the Markets, Revised Edition (Hardcover)

I THINK IF YOU TRADED IN FUTURES THIS WOULD BE A GREAT BOOK BUT I GUESS I'M A NEWCOMER TO OPTIONS TRADING AND IT WAS TOO DEEP FOR ME. SO FAR I HAVE ONLY TRADED STOCK OPTIONS.