Top critical review
3 people found this helpful
prudent, conservative, "safe", good stuff but not an easy read/ resource
on January 16, 2013
first, the author (Mark D. Wolfinger) has the "street cred" to be authentically reliable. i found the book a little paltry in terms of actual strategies to employ though; there are, for example, not much in the way of vertical (credit) spread strategies despite an entire chapter dedicated to "Credit Spreads". the flow of the book is a bit choppy as well and i found myself having to re-read things in order to make them fit cohesively and this is a problem when trying to explain (in plain, simple terms) myriad "EXAMPLES", as the author describes them throughout. this book does, however, offer some helpful, useful, cursory overviews about Greeks, position sizing, risk management and other extremely vital information - particularly for "newbies" to options trading. generally speaking, it's a good start if you're vaguely interested in the topic but if you're looking for clear cut specifics, this isn't a "go to" resource - particularly in terms of actual strategies to employ. i appreciate the complexity of the subject matter but i think it could have been: A.) edited better, B.) probably cut in half, and, C.) offered more succinct directives for traders with specific "goals" or proclivities in mind (e.g. you're "bullish" or "bearish" or "neutral" and here's what you do - bam!). it's not an easy read, particularly for the "Rookie" audience intended - IMHO. too many footnotes, far too much anecdotal "this or that" which confused me somewhat. is Mr. Wolfinger a qualified "expert"? probably. but that doesn't necessarily equate to being a good writer. otherwise, it's a decent "primer" but a lot of the superfluous "fluff" could've been more cohesively presented with far fewer words, footnotes and anecdotes. as a relative "Rookie" myself, i was hoping for something much more simplistic and easier to comprehend. i was disappointed that this offering didn't quite meet my expectations. your mileage may vary though, depending on your experience/ exposure to the wonderful world of options. happy trading!