- Publisher: John Wiley & Sons (November 2002)
- ISBN-10: 0471273856
- ISBN-13: 978-0471273851
- Shipping Weight: 1.1 pounds
- Average Customer Review: 3.6 out of 5 stars See all reviews (7 customer reviews)
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The Option Trader's Guide to Probability Volatility and Timing (Wiley Trading) Unbound – Import, November, 2002
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Top Customer Reviews
While the book has some good insights, it is limited in scope and depth.
Explanations of the basic ideas was presented well. For example, sell options when they are expensive and buy them when they are cheap. Criteria for certain trading strategies was also clearly explained. This is not a bad book on basic options trading strategies, but I would not recommend it for anyone new to options. This book is targeted to people with some experience with options.
This text contains some information and data that I found to have no value. And some important details were missing in other areas.
- there is a complete chapter on how to enter your trade via online or by phone (what to say on the phone to your broker to enter an order). I did not read this chapter.
- The appendix had 7 pages of AOL (America Online) option trading volume statistics from the year 2000. I have no idea why this information was included.
- After reading this book, I was left wondering how can I take action with the trading method presented in this text? E.g. where can I find Relative Volatility Ranking numbers or calculate my own? Is there a good reason to go back 2 years on IV data to calculate the Relative Volatility Index? I have accounts at several brokers - they do have analytic tools - with some proprietary software. But I was left wondering could I create my own Relative Volatility Rank numbers without being tethered to a particular broker? How can I calculate probabilities in the same manner presented in this text or where can I find them online? These important details were omitted. Yes, the basic trading method is clearly presented, but more practical details on how to implement these strategies is needed.Read more ›
Well rounded approach thx J
Most Recent Customer Reviews
This book is a collection of information that can be read anywhere; so you may as well find an author who explains the information.Published on September 18, 2008 by R. Stoops
Straight to and through the basics. I am a rookie option trader. This book spoke to me. I have already saved more than the price of the book, using the information in it. Read morePublished on October 10, 2007 by Stewart Degner