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2 Reviews
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Average Customer Review
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6 of 7 people found the following review helpful:
5.0 out of 5 stars
Somewhat esoteric
I found this book at the library. I have emailed the author about the Excel spreadsheets that are discussed in the book. He has written me back a couple of times. If you are spreadsheet inclined and want to work up a winning system for consistant profits, this book is for you!
Published on September 3, 2006 by Mark
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4 of 4 people found the following review helpful:
2.0 out of 5 stars
Book is outdated and a hard read.
While there is a moducum of useful information in this book, it's pretty outdated. It relies heavily on manual calculations and keeping and updating Excel spreadsheets. Almost every, if not all, online options brokers now have powerful and usually free software that negates the need for manual effort (i.e., "hand" calculating sigmas moving averages, etc. etc.). Think or...
Published on June 1, 2008 by I. Luv Sushi
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4 of 4 people found the following review helpful:
2.0 out of 5 stars
Book is outdated and a hard read.,
By I. Luv Sushi "wanderingtrader" (Windsor, CT United States) - See all my reviews
Amazon Verified Purchase(What's this?)
This review is from: Self-Adaptive Options & Currency Trading: For the Volatile Markets of the 21st Century (Paperback)
While there is a moducum of useful information in this book, it's pretty outdated. It relies heavily on manual calculations and keeping and updating Excel spreadsheets. Almost every, if not all, online options brokers now have powerful and usually free software that negates the need for manual effort (i.e., "hand" calculating sigmas moving averages, etc. etc.). Think or Swim, Optionsxpress, etc. etc.
Secondly, the author recommends selling options 2 standard deviations from the underlying's current price. Good luck finding a liquid option that far away from the underlying's price. And, if you do, you will have to buy numerous contracts because you'd be lucky to get a dime for the spread. Again, chances of you being able to consistently find a trade that far away is pretty slim. The format of the book is very confusing and not well organized. It's a hard read and I found myself just bypassing page after page that was just full of Excel formulas and mathematical calculations (looks like it was written by a math geek--no offense intended, as I'm one too). I will admit to not having made it to the currency and futures sections, because I was only interested in the section on equities and indexes. I gave the book on extra star out of a sense of fairness. In summary, this is NOT a book for people who know nothing about options trading. You should really have a firm background in options and options trading so that you can evaluate this information intelligently. In retrospect, I'm glad I bought the book used and not new, as generally I was dissappointed. You're better off with books by McMillan, Schaeffer, etc. And actually there is a TON of free educational information on CBOE's website. Check out the videos by Dan Sheridan if you want a solid grounding in spread trading.
6 of 7 people found the following review helpful:
5.0 out of 5 stars
Somewhat esoteric,
By
This review is from: Self-Adaptive Options & Currency Trading: For the Volatile Markets of the 21st Century (Paperback)
I found this book at the library. I have emailed the author about the Excel spreadsheets that are discussed in the book. He has written me back a couple of times.
If you are spreadsheet inclined and want to work up a winning system for consistant profits, this book is for you! |
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Self-Adaptive Options & Currency Trading: For the Volatile Markets of the 21st Century by Jon Schiller (Paperback - May 31, 2005)
$24.95
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