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Options and Options Trading A Simplified Course That Takes You from Coin Tosses to Black-Scholes
ISBN: 0071432094     Date Published: 2004-04-23     Author(s): Robert Ward
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Hardcover
McGraw-Hill
288 Pages
 
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06/20/2013 01:24:49
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Editorial Review - Book Description:
An introduction to the complex world of options that every investor can use



Too many books on options trading make the mistake of assuming that readers can already tell a delta from a sigma summation. Options and Options Trading breaks the code that envelops the often-foreign language of options, providing an accessible introduction into how the options market works as it explains the rules that traders must understand if they hope to take part in this high-leverage, high-profit game. Author Robert Ward`s goal is simple--to demystify the tangled world of options trading without leaving readers too confused and frustrated to continue. The book to read before continuing on to the more detailed, and much higher-level, existing library of options trading guides, Options and Options Trading features:

  • End-of-chapter material including `Things to Think About` and `Key Concepts`
  • Simplified explanations of complex mathematical equations
  • Step-by-step rationales to help readers move from basic to complex
 
Customer Review:
Total Reviews: (17)
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(3) Shared
 
34 of 34 People found the following review helpful.

Very good for gaining an understanding of options, September 28, 2004 ByH.K. Likerman (Hoboken, NJ) - See all my reviews This review is from: Options and Options Trading : A Simplified Course That Takes You from Coin Tosses to Black-Scholes (Hardcover) I appreciated this book because of its easy explanations of the most popular strategies, and its thorough discussions of the risks involved. A couple of years ago my friend told me he was given a sure thing: Buy Xerox stock and earn free money by selling Calls against it. He said there was a guaranteed 37% return over the next year or two. I didn't understand options, but I knew there's no such thing as a sure thing. When the strategy started losing, he doubled up and then it really went bad. At the time, I didn't have an argument for why he should have been more cautious; now that I've read Options and Options Trading, I do. In "The Best Option Strategies" chapter, I found what he'd done is called a Covered Write. According to the book, it's the most popular beginner's strategy, and it isn't even close to the sure thing that most people think it is. As I'd suspected, my friend didn't have a clue about how much risk he was taking. The reason I...
 
34 of 36 People found the following review helpful.

Options for Dummies (like me), September 14, 2004 ByKathy F. Cannata "Rev. Dr. R. Cannata" (New Orleans, LA United States) - See all my reviews Amazon Verified Purchase(What's this?) This review is from: Options and Options Trading : A Simplified Course That Takes You from Coin Tosses to Black-Scholes (Hardcover) Over the course of four undergraduate and graduate degrees I took a total of one math and zero business and finance courses. I watch the money channels on cable, and I pick up a few things, but most of it might as well be in Mongolian to me. I was the perfect candidate for Robert Ward's excellent new book, whihc might be subtotled "Options for Dummies." His Options and Options Trading is a practical, no-nonsense primer for the complex and mysterious world of options. For the uninitiated like me, it is difficult going at times, but if you discipline yourself and muscle through in the end you have covered every aspect of buying, selling, and profiting from options. His goal is introduction and translation, not advanced trading strategies. In this he succeeds masterfully. Ward demonstrates a genius for making the inscrutable accessible, leading the reader by the hand with vivid language, illustrations, and humor. His pace is steady and deliberate, but never...
 
27 of 28 People found the following review helpful.

Best option book ever, September 26, 2004 ByRebibo (New York, NY) - See all my reviews This review is from: Options and Options Trading : A Simplified Course That Takes You from Coin Tosses to Black-Scholes (Hardcover) I've dabbled in options trading but until I read this book I always felt like I was an amateur playing a pro's game. The reason I felt this way was that I never really understood the mechanics of what I was doing. I knew that option trading was based on a probability model called Black-Scholes, but I had no idea what that meant. And I always felt like I would get better results if I had this knowledge. I've read other options books - but they all assume an advanced knowledge of math. The author has a genius for taking difficult concepts like 'path dependency' and 'binomial distribution' and making them comprehensible - even to math-challenged people like me. After reading this book I have a lot more confidence that I know the rules of the game and I fully expect I will have better results in the future. Simply put, this book is 'one of a kind'. Nothing else approaches it as a primer for an amateur interested in learning about options. I enthusiastically recommend it!
 
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