Schaeffer delves into the psychology of options trading, demonstrating how to distinguish between "high" and "low" expectation stocks, how to measure sentiment, and how to master the valued Contrary Opinion Theory for successful trading. He shares his wealth-building techniques for selecting the right stocks, assessing risk, managing your options portfolio, and, most important, for reading market timing indicators. What The Option Advisor boils down to is expert guidance on managing your money, while avoiding the most common errors of options trading.
In a detailed section on applications, Schaeffer gives you practical, hands-on advice on how to use a full array of real-world trading strategies, including quick trades, aggressive trading strategies, conservative approaches, portfolio protection, and the increasingly popular Long-term Equity AnticiPation Securities (LEAPS). With characteristic thoroughness, Schaeffer also offers invaluable information on selecting an options broker, opening an options trading account, and doing research on the Internet.
From the novice to the experienced investor, The Option Advisor offers a gold mine of information on how to achieve success in options trading.
The Option Advisor was extremely helpful and was what I was looking for. I look forward to finishing this book and am looking forward to continuing reading works on this topic.Published 5 months ago by Linwood Bethea
The best and most comprehensive options book ever! Mr. Scheffer has a math background, but a gift to take complex material intelligible. I use this as an ongoing reference book. Read morePublished 6 months ago by John
This book is very informative and a good place for a beginner to start doing options.
It also has advanced ideas as you progress in your learning.
Enen though the copyright is long in the tooth, the information and ideas are current and valid. I have been doing options for over 3 years and I regret that I did not read this... Read morePublished on September 12, 2009 by NEW FARM BOY
This book is fantastic. Bernie Schaeffer is so full of knowledge on options that I hope he comes out with a new book soon! Read morePublished on May 26, 2009 by Katie
I have been trying to find money management examples in various financial trading books. I pick up this book and find an amazing table (Table 4. Read morePublished on January 2, 2009 by finance trader
This book did provide some pretty good pieces of information to take away, but unfortunately, the rest of the book is pretty poor. Read morePublished on March 21, 2008 by Fletch
As tracked by Mark Hulbert, following Schaeffer's Options Advisor newsletter's advice would have resulted in a compounded annual loss of 4. Read morePublished on July 2, 2007 by Michael K. Goode
The service is a sure way to loose money. I consider myself as a novice investor but I can do better on my own than following his advise. Read morePublished on June 3, 2005 by A. Gupta