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May be your first book on Options
on December 2, 2008
This book assumes that the reader already have familiarity with stocks, and would like to move further, to options. The author doesn't take into account the fundamental analysis of the underlying security, however, there is a chapter about the technical analysis. In my point of view, it is a drawback: a reader already familiar with the stock market may be aware of the technical analysis, so either both technical and fundamental need to be covered or none.
The book covers three types of options: stock options, index options, and ETF options. There is a separate chapter devoted to ETFs, but a reader already familiar with a stock market will get no benefit from this chapter.
The book is printed with quite a large font have quite much space around the text, so it is quick to read. This may be a good introductory book to options. It is pretty basic and easy to understand, however, it fails to address an important technique of selling puts as a way of buying the underlying security. Warren Buffett obtains most of his stock holdings through selling puts. He got most of his Coca-Cola Holdings this way, and, recently, Burlington Northern Santa Fe.
If you need a much deeper book on options, I would recommend "The Options Course" by the same author. It doesn't have the drawbacks above mentioned, very friendly and easy to understand, although it is a much lengthier read.