Options Made Easy: How to Make Profits Trading in Puts and Calls [Paperback]

W. D. Gann (Author)

Book Description

Publication Date: January 18, 2008

To make a success trading in stocks every man should learn everything he can about the stock market and the ways to operate in the market in order to make the greatest success. He should learn to take the smallest risk possible and then try to make the greatest profits possible. The more a man studies and learns the greater success he will have. We quote Proverbs 1: 5- "The wise man will Increase learning." Again, Proverbs 2: 11- "Discretion shall preserve these; understanding shall keep thee. "Proverbs 3: 9- "Give instructions to a wise man and he will become wiser. Teach a just man and he will increase in learning." The "Book of the Lambs" says that the fear of the market is the beginning of knowledge.

Many people do not realize that without preparation and knowledge the stock market is dangerous and that it is easier to make losses than it is to make profits. However, the risks in stock speculation or investment are no greater than in any other line of business if you understand and apply the proper rules to speculative trading, and the profits compared to risks are greater than in any other business.

CONTENTS

PREFACE

WHAT ARE PUTS AND CALLS ON STOCKS

SPREAD OR STRADDLE

HOW PUTS AND CALLS ARE SOLD

WHY PUTS AND CALLS ARE SOLD

LENGTH OF TIME PUTS AND CALLS ARE SOLD

HOW TO BUY PUTS AND CALLS

PUT AND CALL BROKERS

ADVANTAGE OF BUYING PUTS AND CALLS DIRECT

THE ADVANTAGES OF PUTS AND CALLS TO THE BUYER

HOW TO USE PUTS AND CALLS IN PLACE OF STOP LOSS ORDERS

WHEN TO BUY PUTS AND CALLS

WHEN TO BUY MORE PUTS AND CALLS ON THE SAME STOCK

HOW TO TRADE AGAINST PUTS AND CALLS

KIND OF STOCKS TO BUY PUTS AND CALLS ON

EXAMPLES OF TRADING WITH PUTS AND CALLS

RULES FOR BUYING PUTS AND CALLS ON LOW PRICED STOCKS

HOW TO SELL PUTS AND CALLS

SELLING CALLS TO GET SHORT OF THE MARKET

HOW TO PROTECT YOURSELF IN SELLING PUTS OR CALLS

BUYING A PUT AND SELLING A CALL AT THE SAME TIME

ARRANGING TO SELL PUTS AND CALLS

Product Details

• Paperback: 96 pages
• Publisher: Lambert Gann Publishing (January 18, 2008)
• Language: English
• ISBN-10: 9563100395
• ISBN-13: 978-9563100396
• Product Dimensions: 8 x 5 x 0.2 inches
• Shipping Weight: 4 ounces (View shipping rates and policies)
• Average Customer Review: 1.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #1,083,669 in Books (See Top 100 in Books)
  • #43 in Books > 4-for-3 Books > Business & Investing > Investing > General

Customer Reviews

Most Helpful Customer Reviews

5 of 8 people found the following review helpful:

1.0 out of 5 stars Do NOT Buy Options Made Easy!, June 17, 2009

By 

Etienne V "Professor" (Granada) - See all my reviews

This review is from: Options Made Easy: How to Make Profits Trading in Puts and Calls (Paperback)

I bought this book "Options Made Easy," in haste as a father's day gift. My retired dad's new hobby is investing. This book Options Made Easy is a VERY dated! Its author was born 50 years before my dad, (W.D. Gann's was born in 1878, died 1955.) The author may be an icon in investing history but this book is poorly written and so dated that it is a JOKE! I presumed that W.D. Gann's theories were updated to the modern era of real-time Web trading and low cost transactions. Why did I assume that the book was updated? Because it says copyright 2007. The material is comically out of date. There is nothing in its description to clarify that it is dated and I conclude written in the early 1930s. Examples of Dated Content,
There is no mention of the Internet or the Web; the book says "if you live outside of NYC you can give an order to your local broker and he will buy puts and calls for your account...when you want to sell, the broker will take care of the transaction for you." WOW! The section titled Put and Call Brokers on page 24 is laughable. Then page 25 states that you can send your check or money order to your Put and Call Broker and he will buy puts and calls for your account.
Someone at the Richest Man in Babylon organization, slapped this old material together with a 2007 copyright date. They could have hired an editor to update the content to current options market reality or at least make clear that is was written in the 30s. Page 25 notes that you can get quicker service using Postal Telegraph or Western Union! The book talks about buying Chrysler, GM and U.S. Steel at $100. Pages 34 and thereafter mentions Chrysler on February 3 1936 to June 5 1936. Page 69 Douglas Aircraft...there is a piece of history...ancient history. Save your money! Do NOT buy Options Made Easy...unless you are buying it for a bit of history and some laughs. The concepts have not changed but the systems certainly have changed and have empowered the individual investor.

Fortunately, I also bought my dad Understanding Options by Mike Sincere...so this Father's Day I can contribute to my dad's continuing financial education.