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Options DeMYSTiFieD, Second Edition Paperback – November 8, 2010


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Product Details

  • Series: Demystified
  • Paperback: 288 pages
  • Publisher: McGraw-Hill; 2 edition (November 8, 2010)
  • Language: English
  • ISBN-10: 0071750878
  • ISBN-13: 978-0071750875
  • Product Dimensions: 7.3 x 0.7 x 9 inches
  • Shipping Weight: 1.1 pounds (View shipping rates and policies)
  • Average Customer Review: 3.0 out of 5 stars  See all reviews (7 customer reviews)
  • Amazon Best Sellers Rank: #815,187 in Books (See Top 100 in Books)

Editorial Reviews

From the Back Cover

A down-to-earth guide for understanding, trading, and making money from options

Do you want to learn how to use options without getting lost in confusing theories and complicated math? Options Demystified takes the mystery out of options, providing you with concise descriptions of various option strategies and the basic knowledge you need to execute basic stock and commodity options trades. It also includes some of the more complex techniques like covered calls, spreads, straddles and hedges, and more.

This unique, step-by-step guide uses short, snappy explanations and easy-to-understand examples--along with chapter-ending quizzes and a 50-question final exam--to give you the confidence you need to begin trading options like a pro. More important, the author reveals the psychological side of trading, so you keep a clear head in the heat of trading. You'll know why today's smartest investors and traders rely on the versatility of the options marketplace--and how you can too!

Look inside for hands-on details including:

  • What kind of person makes the most successful options trader
  • The pitfalls and mistakes that cost traders valuable time and money
  • Types of options-- stock, index, currency, financial futures, commodity, dealer, real estate, and employee incentive
  • Puts versus calls, buying versus selling, which to use, why, and when
  • Increasing income and limiting risk by selling covered options
  • The risk and reward of selling naked options and why this strategy is so dangerous
  • The importance of time and intrinsic value, and how to measure them using the delta factor
  • Rules governing price change--volatility, probability, and profitability
  • LEAPS, the Forex market, commodities and financial futures, and sample strategies to play these markets
--This text refers to an out of print or unavailable edition of this title.

About the Author

Thomas McCafferty has been in the financial services industry for 30 years, with a focus on futures and options. He has traded proprietary accounts for Securities Corporation of Iowa, and was recently COO of Marketwise Securities. He has written several books as well as numerous articles for industry journals.

Customer Reviews

3.0 out of 5 stars

Most Helpful Customer Reviews

27 of 28 people found the following review helpful By Richard Ackerman on November 10, 2005
Format: Paperback
"Options Demystified" is a worthy addition to McGraw-Hill's "Demystified" series, easily living up to its claim of being a self-teaching guide. Hundreds of books have been written on the subject of puts and calls, but this large-format paperback is by far the best I've come across for the aspiring option trader. It is comprehensive, well organized, generously illustrated and easy to understand. The book also includes many quizzes and a "final exam" to help the reader master the material.

The author, Thomas McCafferty, has been around commodities, stocks and options for many years and written numerous books on those subjects. This one not only lays out the basics of the options game, it also condenses much of the author's impressive horse-sense into a very readable and relatively short work (251 pages, plus an excellent index). "Options Demystified" should be on every trader's shelf. Even pros will find some pearls here, including a chapter on "trading philosophy" that's perfectly attuned to today's frothy markets. I recommend this book wholeheartedly to anyone looking for an options primer that is both comprehensive and easy to imbibe.
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6 of 6 people found the following review helpful By Bill B on November 19, 2009
Format: Paperback
..then this is the book you should be reading first.
I bought two books to help me understand what options were about, "Options Made Easy" by Guy Cohen and this one. Guy Cohen's book has so many incomprehensible charts and diagrams on practically every page that it left me with nothing learned. His book is definitely not for the beginner such as myself. I stopped reading it about a third of the way through, thinking I'm never going to "get options".

Then I took up reading "Options Demystified" and it was like a breath of fresh air. I went through the whole book in 3 days, highlighting the essentials that I wanted to return to and will shortly start on re-reading it again before actually purchasing any Puts and Calls.
"Options Demystified" definitely adheres to the KISS philosophy ("keep it simple, stupid") and for the beginner to get an overview of the mechanics of option trading, this is exactly what we need.

I will agree on one point with the previous negative reviewer on his suggestion to go to the CBOE website (Chicago Board Options Exchange) and go into their Learning center. They also keep it simple so we newbies can "get it".
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By A. C Rucker on July 18, 2014
Format: Paperback Verified Purchase
Good source of self learning.
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4 of 8 people found the following review helpful By Amazon Customer on October 31, 2007
Format: Paperback
This was a quick enjoyable read which provides an overview of options. This is a good first book to read to see if you want to invest more time studying.
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Options DeMYSTiFieD, Second Edition
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