The Options Doctor: Option Strategies for Every Kind of Market (Wiley Trading) [Hardcover]

Jeanette Schwarz Young (Author)

Book Description

Series: Wiley Trading | Publication Date: January 10, 2007

The Options Doctor is an essential resource for good traders who want to be great. Years of experience and painful lessons are translated into winning strategies for all market conditions with tips to gain an edge in the market. Whether your portfolio is up or down...thi9s is what the doctor ordered!
-- William J. P. Dale, Vice President and Portfolio Manager, RBC Dominion Securities, Royal Bank of Canada

"Jeanette Schwarz Young says that the options business 'is a treasure hunt with a real treasure at the end,' and so is her book. She makes complicated topics-candlesticks, butterflies, Condors, straddles and strangles, and more-Understandable, even as she discusses how she entered the business, mastered and created tools of the trade, and helps others manage both winning an losing positions. She clearly is a treasure, too."
-- Dr. Robert A. Scott, President, Adelphi University

"Anyone wanting to learn how to apply technical analysis to options trading should find The Options Doctor very useful. Young is at her best when she explains her favorite trading tools. I especially liked reading about her experiences on the trading floor which have given her a unique view of market trading."
-- John Murphy, author, Technical Analysis of the Financial Markets and Intermarket Analysis

Editorial Reviews

From the Inside Flap

When Jeanette Schwarz Young began her trading career in 1981, options were generally regarded as a specialized trading tool best left to professionals. She was impressed, however, by the value and versatility of options for investors of every size and experience level. Young has spent the past quarter-century both employing options as a trader and working to educate other traders on the value of options for hedging risk, increasing income, or speculating for fast profits.

The Options Doctor is Young's hands-on, practical guidebook for using options combined with technical analysis tools to both create and protect portfolio profits in every market environment. Covering topics from basic to advanced, and filled with entertaining, first-person stories from Young's career spent on the front lines of trading, it will improve your skill and comfort with options trading-whether you are a first-year trader still learning the ropes or a seasoned veteran looking for proven tips and tricks to jump-start your trading performance.

The Options Doctor is organized into three main sections:

• Market Outlook-The building blocks of technical analysis, including descriptions and guidelines for using nearly a dozen popular charts; techniques for identifying trends, calculating support and resistance lines, and recognizing existing and developing patterns; understanding the basics of bonds, currencies, and commodities; and more
• Options Strategies-Everything you need to skillfully and profitably use options on a daily basis, including what options are and how they work; their value in limiting risk and increasing return; Step-by-step strategies for implementing options in markets that are trending, cycling within a specific trading range, or reversing direction; and more
• Managing a Position-Where it all comes together, and you learn how to combine options and technical analysis to hedge the risks in positions of every type, including uncovering the best issues for building a position; adjusting a position that is moving against you; managing a winning position to both preserve and build your profits; and more
• Options are valuable for all investors, from conservative investors in search of low-risk insurance and income to aggressive traders looking to pull fast profits from the marketplace. The Options Doctor Shows you how to skillfully use options for every strategy in every market, and is certain to become one of the most useful and valuable books in your trading library.

From the Back Cover

The Options Doctor is an essential resource for good traders who want to be great. Years of experience and painful lessons are translated into winning strategies for all market conditions with tips to gain an edge in the market. Whether your portfolio is up or down...thi9s is what the doctor ordered!
— William J. P. Dale, Vice President and Portfolio Manager, RBC Dominion Securities, Royal Bank of Canada

"Jeanette Schwarz Young says that the options business 'is a treasure hunt with a real treasure at the end,' and so is her book. She makes complicated topics-candlesticks, butterflies, Condors, straddles and strangles, and more-Understandable, even as she discusses how she entered the business, mastered and created tools of the trade, and helps others manage both winning an losing positions. She clearly is a treasure, too."
— Dr. Robert A. Scott, President, Adelphi University

"Anyone wanting to learn how to apply technical analysis to options trading should find The Options Doctor very useful. Young is at her best when she explains her favorite trading tools. I especially liked reading about her experiences on the trading floor which have given her a unique view of market trading."
— John Murphy, author, Technical Analysis of the Financial Markets and Intermarket Analysis

See all Editorial Reviews

Product Details

• Hardcover: 240 pages
• Publisher: Wiley; 1 edition (January 10, 2007)
• Language: English
• ISBN-10: 0471777722
• ISBN-13: 978-0471777724
• Product Dimensions: 6.4 x 0.9 x 9.1 inches
• Shipping Weight: 13.6 ounces (View shipping rates and policies)
• Average Customer Review: 3.1 out of 5 stars  See all reviews (8 customer reviews)
• Amazon Best Sellers Rank: #1,813,334 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

4 of 4 people found the following review helpful:

1.0 out of 5 stars Not worth the time and money, November 16, 2007

By 

OptionsTradingEdge (New York City) - See all my reviews

Amazon Verified Purchase

This review is from: The Options Doctor: Option Strategies for Every Kind of Market (Wiley Trading) (Hardcover)

I have been trading options for years now and am always on the look out for a good book. This book actually disappointed me; the substance in this book were so poor that I couldn't even get past few pages. To be fair, I also tried reading some chapters where I though there may be some substance, but was disappointing. I am sure the author is learned and qualified but the book is very poorly written and lack substance. There is lot of chatter about trading floor but no reasoning on trades / strategies.

2 of 2 people found the following review helpful:

5.0 out of 5 stars Finest introduction to the world of options, July 6, 2007

By 

Valtinho (Florida, USA) - See all my reviews

This review is from: The Options Doctor: Option Strategies for Every Kind of Market (Wiley Trading) (Hardcover)

I think the author has done an excellent job of presenting (in a very beginner-friendly way), only the most relevant information out of the vast and confusing world of options.

The first half of the book is an introduction to the markets, trends, commodities, fixed income investments, etc; and an overview of technical patterns, such as, Fibonnacci retracements, point and figure charts, and other things which actually sound quite silly. Some of these things might not be useful to me, but I do enjoy learning about them, because they are precisely what the majority of the big players (and the author) are using.

The other half of the book introduces all the important things about options very nicely. The book also covers the most useful strategies that one is likely to attempt. I like the author's creative use of ratio backspreads.

The book was published in 2007, so the information is nice and fresh.

1 of 1 people found the following review helpful:

3.0 out of 5 stars Advance Options, September 21, 2007

By 

Vincent P. Uy "Vince" (Los Angeles, CA) - See all my reviews
(REAL NAME)   

This review is from: The Options Doctor: Option Strategies for Every Kind of Market (Wiley Trading) (Hardcover)

I liked the book in a way since it gave you a shotgun approach on the options world of trading. Beware! you must have some Basic Options background to even attempt to read this book if not you will be more frustrated since there are examples that are really complicated but very helpfull to a seasoned option traders. I recommend geting well versed with options before buying this book but otherwise its a good book to have for reference and review.

happy trading!!