Options: Essential Concepts and Trading Strategies [Hardcover]

The Options Institute (Author)

Book Description

Publication Date: August 1994

This authoritative guide offers an easy-to-understand, fundamental explanation of the goals and objectives of each player involved in the options trade. Along with this tactical information, traders will gain insight into trading strategies and options concepts. Includes coverage of EAPs, CAPs, and industry indexes.

Editorial Reviews

From the Back Cover

Everything from time-honored options concepts to strategies for individual and institutional investors and traders. Written by today's leading options practitioners--and edited by The Options Institute, the globally renowned Educational Division of the Chicago Board Options Exchange--Options: Essential Concpets and Trading Strategies, Third Edition, leaves no stone unturned in delivering the most complete, authoritative, and easy-to-understand blueprint available. for navigating the profitable twists and turns of today's options marketplace. No-nonsense, packed with useful information, and valuable as either an introductory textbook or a comprehensive fingertip reference resource, this thoroughly revised and updated edition details: what options are, how they are priced, and how they are traded; basic option trading strategies such as covered writing and. protected puts; advanced strategies involved LEAPS and the stock repair strategy; options from three points of view; private investor, institutional investor, and market maker; how to use the power of the Internet for trading and detailed information gathering. Options can be used to reduce the risk of trading stocks, and Options, Third. Edition, reduces the risk of trading options. So get your questions together and use this step-by-step guidebook to develop option strategies that meet your investment objectives: hedging your stock market risk, increasing your portfolio income, or improving your trading results. --This text refers to an out of print or unavailable edition of this title.

About the Author

The Options Institute is the educational division of the Chicago Board Options Exchange, the world's largest and most influential options exchange. --This text refers to an out of print or unavailable edition of this title.

Product Details

• Hardcover: 430 pages
• Publisher: Irwin Professional Pub; 2nd edition (August 1994)
• Language: English
• ISBN-10: 0786302720
• ISBN-13: 978-0786302727
• Product Dimensions: 9.6 x 6.7 x 1.6 inches
• Shipping Weight: 1.9 pounds
• Average Customer Review: 4.0 out of 5 stars  See all reviews (10 customer reviews)
• Amazon Best Sellers Rank: #626,960 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

35 of 36 people found the following review helpful:

5.0 out of 5 stars An Excellent Overview of Options, July 3, 2000

By A Customer

This review is from: Options:Essential Concepts, 3rd Edition (Hardcover)

This book presents a highly readable overview of the subject of options and I would recommend it to anyone. I have not been able to find one book on options which is as wide ranging in its scope (i.e., history, pricing, strategy, individual and institutional investors' approaches, how the trading floor operates, how market makers trade, etc.). The authors have struck a good balance between depth of the subject matter and readability. There are more detailed texts available in the area of strategy (McMillan's _Options as a Strategic Investment_) or pricing (Natenberg's _Option Volatility and Pricing_), but I would especially recommend this book to individual investors interested in options. After reading this book they will have a much stronger footing from which to approach the forementioned other books (which are also excellent, by the way).

The previous reviewer's comments should be disregarded as I cannot conceive of anyone writing about this subject matter any more clearly (yes, I have read both of Fontanills' books) -- the authors appear to have put much effort into this book judging by its clarity, and one nitwit's daffy comments should not dissuade you!

28 of 28 people found the following review helpful:

5.0 out of 5 stars Written by professionals and very easy to understand., March 20, 1997

By A Customer

This review is from: Options: Essential Concepts and Trading Strategies (Hardcover)

This book was written by members (brokers and market-makers) and staff of the Chicago Board Options Exchange. It is excellently written, easy to understand and provides many insights into the detail oriented side of options. It discusses the various aspects of options pricing and trading strategies. I would recommend the book to beginners as well as advanced option traders

14 of 16 people found the following review helpful:

5.0 out of 5 stars The Requisite Desk Reference, September 13, 1999

By A Customer

This review is from: Options:Essential Concepts, 3rd Edition (Hardcover)

This book is readable by anyone and useful all the time! It gives you the entire gamut of the options market, and the details of how options and option trading or investing strategies are used by individuals, institutionals, market makers, brokers and the exchange itself! Invaluable!!