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Investing - Options books

Posted in Investing (Saturday, September 4, 2010)

Written by Michael C. Thomsett. By FT Press. The regular list price is $27.99. Sells new for $16.44. There are some available for $17.20.
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No comments about Put Option Strategies for Smarter Trading: How to Protect and Build Capital in Turbulent Markets.




Posted in Investing (Saturday, September 4, 2010)

Written by Jon Najarian. By Wiley. The regular list price is $50.00. Sells new for $24.98. There are some available for $4.00.
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5 comments about How I Trade Options (Wiley Trading).

  1. At the time I write this, there are 25 reviews for this book.
    There are ten 1-star reviews. Reviewer "A Customer" posted 8 of them (plus one 4-star review)

    Using today's rating spread...
    Yanking all but one 1-star review by this person, the book's rating jumps from 3 to 4.2 stars.


  2. I have met Jon Najarian and heard him speak (NYC early March 2009 at a seminar). I found him to be kind and approachable, humble, very bright, and completely honest about his very short football career! Buy this book. Most of the negative reviews appear to be written by the same person, a person who will benefit from selling the products of MacMillan, Natenburg and Fontanills, or someone who has a very bitter attitude toward DRJ. Another person was extremely critical of a Najarian subscription option recommendation service. Attentiveness and self-education play a large role in successful option trading. Most of Najarian's picks make money -- you just need to know when to get out, and how to limit your losses on the ones that don't work out. DRJ's service is the best of several I've tried.
    I strongly recommend this book. I lost my copy, and am buying another one.
    It's deplorable that certain review writers choose unfounded personal attacks over professionl and well-reasoned criticism, especially when a man's livelihood and reputation are on the line.


  3. You will see 10 Negative reviews for this book. Look closely at them. Two of them have been copied TWICE EACH for posting and the same common phrases and word usage are in all 10 reviews.
    It seems that someone has a hard on against this author and counters each positive review with another NEGATIVE review to keep the average review score down to a 3 star level.
    OUTSTANDING BOOK WITH TONS OF REAL INFO TO HELP! BUY THIS BOOK!!!
    HE IS A GREAT SPEAKER, AS WELL!!!


  4. I am halfway through this book and I find it a thoroughly enjoyable and informative book on the topic. I sometimes look forward to getting back to it. I don't find his reference to his own football career or to his own success objectionable at all. On the contrary, it's enjoyable. He brings sometimes complex and therefore, perhaps threatening, concepts down to the basic level and explains them quite thorougly. All in all, I'm cool with the book and the author. I'm glad that I purchased it.
    Hope this helps.


  5. Dr. J. (Author) is a seasoned pro that wrote this book without hype and extremely rare examples of huge profits that very very few people normally make. Rather, he discusses both risk and reward. He seasons his book with a good amount of humor and insights into the life of a big-time trader that has survived decades at the top levels of the options business. If you don't read this book and do trade options - you're just foolish! I know a bit about it. I've held a Series 7 stock broker's license. And I learned a lot from this well written book!


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Posted in Investing (Saturday, September 4, 2010)

Written by John C. Hull. By Prentice Hall. The regular list price is $125.00. Sells new for $107.07. There are some available for $15.09.
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5 comments about Options, Futures, and Other Derivatives (4th Edition).

  1. The book is very complete and covers various materials with concrete examples.

    Too expensive though but overall good investment!


  2. If you are purchasing the paperback (7th edition) of the Student Solution Manual " Options, Futures, and other Derivatives" by John C. Hull, the Cover says "CD-ROM included", but in reality it is NOT included.

    I ordered two replacement books before being informed that the CD-ROM is only included in the Hardcover edition.

    Otherwise at a first glance, the book seems to be pretty good


  3. Not just people in Sales & Trading / Structuring, but anyone who worries about the role of derivatives needs to first give this important book a read through: It simply and elegantly explains the role of derivatives.

    Don't make judgments about things you don't understand: read hull and learn


  4. An interesting book that helps you step by step to understand the financial market and the valuation of the different products.


  5. Thi book is a "compendium" of the most important issues in finance. It's clear, both theoric and practical, very useful for students and workers


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Posted in Investing (Saturday, September 4, 2010)

Written by Michael Mullaney. By Wiley. The regular list price is $95.00. Sells new for $50.96. There are some available for $49.00.
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4 comments about The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes and Stock Index Futures (Wiley Trading).

  1. This a great full spectrum book on the subject of options, from the greeks and using options on equities, etf`s and indexes!. It has good examples of all the strategies with illustrations and tells you the negatives and positives of each one with final thoughts. There is also a nice chapter on risk management, and lots of helpful commentary throughout the book. Better than the McMillan options books and easier to read and understand.


  2. This book is very good. I'm glad I bought it. Shows many strategies to limit your losses and how to cash out and stay in the game.


  3. The book was definitely informative, and they understand most strategies, but I've had more success following online services Option Monster and OptionSpreadStrategies. This option strategies book concentrated a little too much on ETF strategies and Index Futures. I think there are more opportunities in equity options. But hey, the information you get from this book definitely can't hurt.


  4. "Wow! I wish I had this book while I was in the business.
    I am sure I could have made more for my clients. Mr. Mullaney
    does a thorough job explaining the instruments, theory and
    strategies. Trading options is a viable strategy in current market environments. This should be on the shelf of every trader. "


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Posted in Investing (Saturday, September 4, 2010)

Written by Chantal Howell Carey and Bill Carey. By Wiley. The regular list price is $19.95. Sells new for $9.82. There are some available for $4.80.
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No comments about The New Path to Real Estate Wealth: Earning Without Owning.




Posted in Investing (Saturday, September 4, 2010)

Written by Martha Amram and Nalin Kulatilaka. By Oxford University Press, USA. The regular list price is $35.00. Sells new for $4.72. There are some available for $0.04.
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5 comments about Real Options: Managing Strategic Investment in an Uncertain World (Financial Management Association Survey and Synthesis Series).

  1. it is a used book with underlines but in good condition, it is satisfying for meReal Options: Managing Strategic Investment in an Uncertain World (Financial Management Association Survey and Synthesis Series)


  2. I was rather disappointed by this book. I was hoping for something which could help explain to business managers why processes such as IT delivery are uncertain, and the value of delivering flexible solutions. The initial part of the book makes a lot of strong qualitative statements of exactly the right sort:
    - There is great value in breaking up large projects in uncertain markets
    - Options (flexibility) create value out of uncertain events.
    - Exit options which allow you to step away from a planned path, even if relatively expensive, may have significant value.
    - An option such as an exit option, can make an investment viable when it would fail a traditional NPV test.
    - Small speculative investments can enable larger investments to benefit from learning and to be much more accurately targeted.
    - It may create greater value to start many projects and abandon more, rather than aiming to abandon a minimum number.

    Unfortunately the remainder of the book then supports these statements only for a very limited set of circumstances. The Real Options approach only seems to work if the option can be translated into (or at least mapped onto) a tradeable financial security. There's no real attempt to provide tools to evaluate internal uncertainty, such as the delivery uncertainty common in IT projects, or the value of flexibility except where it maps to significant investment decisions.

    The book does do a good job of explaining that real world situations are non-linear, with value which changes as a result of natural volatility, over time, and as a result of one or more decisions. Traditional NPV-based approaches greatly undervalue flexibility, insurance, learning and platform investments, and can't really deal with this non-linear aspect. Simply increasing the investment discount rate, which is the usual way of dealing with such problems, doesn't bring the correct focus onto uncertainty and total risk.

    However, the mathematical basis for Real Option valuation is not well explained, and I found the processes difficult to follow. I suspect that the authors implicitly assumed a certain familiarity with economic and financial market techniques and terminology, which limits the value of this book to those seeking, as I was, to apply the techniques to other fields. It also left me puzzled as to why simpler approaches, such as Decision Tree techniques, can't be used instead.

    Surprisingly for a relatively short book the text is very repetitive, and too often turns into a blatant advert for the Real Options approach compared with others, rather than making the case on its own merits.

    Hindsight is a great thing, but it is unfortunate that this book praises Enron as an example of success through options manipulation, where we now know this was largely a "long company" scam. Some of the other examples, quoted at the height of the Internet boom, have also not stood the test of time. However, these should not be seen as invalidating the approach, merely as evidence of how uncertain things may really be.

    This book provides some good ideas, and if your focus is major business-critical financial transactions it may be very useful. But I'm still looking for a good book on how to generically value flexibility.


  3. The only saving grace about this book is that it is readable. However, the reason for this is because there is not much to learn about RO from this book. The author's talk about numerous examples and the "concept" of how RO was applied. But, you will not learn the actual process of using RO, unlike Copeland's or Trigeorgis' book.


  4. It is a good introductory book on real options targeted at the audience of managers rather than experienced financial practitioners. Its contents covered financial options, binomial pricing and Black-Scholes model where the last ten chapters or so are case studies dedicated to applications of real options where it gives readers an idea how real options can be applied in diverse industries.

    It makes a good and easy read for anyone who wants a quick flavor of real options without going through too much of the horrible maths that derivatives and real options seems to have !
    I personally enjoy reading it from cover to cover.



  5. This is an excellent book on the subject. It is the most readable and user friendly book on the market on Real Options. You don't need to understand Greek to tackle this book unlike the other ones. The author clearly explains the Black Scholes option model, the foundation of option valuation. They then illustrate how this model can be applied to non option business investment opportunities. The authors establish a real option framework to handle your business decision. It explores many practical cases in detail, so you get a good feeling for this approach. The authors also flesh out when it is better to use Black Scholes vs. Monte Carlo simulation in order to make a business decision.


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Posted in Investing (Saturday, September 4, 2010)

Written by Scott Barrie. By Alpha. The regular list price is $19.95. Sells new for $12.00. There are some available for $11.40.
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4 comments about The Complete Idiot's Guide to Options and Futures, 2nd Edition.

  1. Aside from a few gramatical errors, this book does exactly what the title insinuates. It was intented to cover the basics of commodity trading in an easy to read format and that is exactly what it does.


  2. The information in this book is worthy of 3-4 stars for a novice investor if it had been presented in a coherent, accurate manner. As it is published, the mis-worded sentences and mistakes have the reader constantly going "huh?" Given that the premise of the book is an introduction to basic concepts, I'd say that the blatant mistakes in the book might really confuse anyone who needs this level of information, and if you have the level of basic understanding that allows you to sort through what's stated correctly and what isn't, you probably are ready for a more advanced book. Example mistakes are using the word "sell" where the word "buy" was clearly intended (and vice versa - oops don't make that mistake with real money!), and redundant inconsistent units ( "$X.YY cents" is a confusing expression used repeatedly throughout the book). The sloppy editing aside, if you know very little about options and futures but are literate, trust your own common sense, and realize that there are "silly" mistakes which you must correct in your head or with a pen/pencil as you go along, you can probably sort things out and benefit from this book.


  3. Let me start by stating that Scott Barrie does a great job converting the subject matter in this book to something that a casual, perhaps even disinterested party, can understand. I have never read any of the other Complete Idiot's Guides, but if this is how they deal with the incredibly complex subject of Commodities Trading, I wont be buying any of them again for other subjects. This was the third book in my commodities trading education. After book's one and two, this book taught me nothing. Not one thing. It does not provide enough depth on any of the multitude of subject matters that are required knowledge of the trader. However, it does touch on nearly every matter that a trader should be deeply knowledgeable about. This book was so short on details that if you were to read this book and then attempt to trade even a single transaction, it is my opinion that you would have NO IDEA what you were doing. If you are interested in Trading, a better first book is Futures 101. That will give you a better understanding if you know nothing. This book really is for people who know nothing about trading. And dont have an interest in trading either, but are interested in the subject as hobby of sorts.


  4. This book reads like the first draft of something better that will arrive in a future (no pun intended) edition. Despite the title, the book is really solely about futures; options are discussed only insofar as they pertain to futures, so the book does not really cover much about, say, options on stock or on financial derivatives (other than futures). The book is riddled with typos and errors, both mathematical and grammatical, making it difficult to follow what is happening, and it reads as if it were hastily written and sloppily edited, with frequent repeats and occasional poor organization. There are some bright moments -- occasionally the book has a really insightful definition or a clear, carefully worded example. Overall, though, you are probably better off trying a different book, especially if you want to understand options really well.


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Posted in Investing (Saturday, September 4, 2010)

Written by Adam Warner. By McGraw-Hill. The regular list price is $44.95. Sells new for $22.97. There are some available for $23.86.
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5 comments about Options Volatility Trading: Strategies for Profiting from Market Swings.

  1. It is amazing how somebody with little knowldge about options trading (in his/her own words) rate this book 1 star only. If you are looking for a book to re-define what a call option is then you really don't need to buy a book at all. Just get the info online. If you want to really take your trading to the next level then this is for you. I assure you that chapter 6 (How Do Traders Trade Volatility) and chapter 7 (Options and the Quarterly Earnings Report) provide the clearest, most practical, and most insughtful description of options volatility trading that I have ever seen. Additionally, the author's blog is one of the best around. I strongly recommend this book for intermediate to advanced readers. Not for beginners.


  2. While this this book has an occasional tidbit of useful information, the writing style is annoying and much of information is poorly presented.


  3. Adam's book is the most practical book on Options and Volatility Trading I have read. He avoids much of the confusing (and irrelevant) rhetoric included in most Options texts and provides readers a practical and intuitive explanation of what options are, how investors can use options to generate incremental profits for their portfolios, construct targeted trading strategies with attractive risk/reward characteristics and use options to manage risk. This book is applicable for both beginners as well as advanced options traders / research analysts. Don't get me wrong, in-depth mathematical theories are relevant in a broader academic context; it has its place. Adam's place is on the trading floor; this book takes you into the action and puts you in a position to become a better options trader. A must read.


  4. Regarding Options Trading I say: Options Yes - okay, Options No - okay, Options Maybe - you get squished by the market (Mr. Miyagi said to Karate Kid: `Karate Yes' - okay, `Karate No' - okay, `Karate Maybe' - you get squished like a grape). Trading is profitable if you get the direction right; be it stock or options trading, whether you are betting on price movement or volatility movement.

    Warner's book is definitely not for the beginner in options. If you have not heard of the `Greeks' before, read a book such as `Volatile Markets Made easy: Trading Stocks and Options for Increased Profits' by Guy Cohen, before attempting to read Warner's book. If you have no patience in reading an `opaque chapter' and reading it again to discover the nuggets of wisdom,this book is not for you. Definitely do not attempt to read the entire book in a single weekend (as I like to do); it can be hazardous to your brain.

    It seems unclear which audience Adam Warner intended this book for. Perhaps that's why despite having read a dozen or so books on Options trading before, Adam Warner leaves me in a fog. Options Trading knowledge and expertise clearly abounds in Mr. Warner's veins. It would be much easier on the reader if he knew before hand, whether this book is intended for him. (For example on page 26 Warner states `As a Floor Trader, you end up with all sorts of complex positions).

    Is this book a manifestation of a Market Maker seeking redemption for some other market maker's shenanigans? Warner's opening chapter (Who Am I? Why Am I here?) is full of statements defending Market Makers and Specialists; it is interesting reading but does not contribute to the reader's successful trading.

    While discussing Greeks, Warner's dual characterization of a Call Option's Delta as Leverage vs. Embedded Put is interesting and illuminating.

    Warner introduces VIX in all its glory in chapters 3-5.His expose of the Volatility Timing in terms of the (daily and monthly biases) VIX levels leads to valuable insight into option trading: `If you intend to buy options, avoid the very end of an expiration cycle and the beginning of the next one. Of course, this assumes that VIX volatility and the specific option volatility are (highly) correlated. See the excellent defense by Warner of why VIX did not fail when it could not forecast the S&P 500 drop in 2008; it's the correlation, stupid!

    Warner states `I am not a big stickler for requiring knowledge of every last term. It's more important that you understand the risk and reward picture ... than to know exactly what to call those attributes'; I couldn't disagree more. It's paramount to call them by their correct name (lest you incur the wrath of the Greeks!).Perhaps this attitude led Wagner to use the nebulous terms `Fixed Variable' and `Moving Variable' (page 13). Yes, the input variables to the options modeling equation (Stock Price, Strike Price, volatility, Interest Rate, Dividend, Days to Expiry, Days to Ex-Dividend) determine the calculated Option Value (or Premium); of these all but Volatility are variables whose values are known (not fixed) and implied volatility is that volatility value which makes the calculated option value match the market (between Bid and Ask).The modeling equation also calculates the Greeks.

    Warner's story of the Long Gamma Man and Ms. Premium Seller in the context of a Straddle strategy for trading volatility makes for entertaining reading albeit a bit challenging for a beginner. (You may read Guy Cohen's Options Made easy for the same strategy if you wish to `see' what's going on in graphical pictures of the Greeks as well as the Profit Loss profile). Warner's recommendation of `flipping stocks' as the underlying moves, is not for most traders; it should be understood well before employing the strategy. Cohen's approach is straight-forward options buying and profiting from increased volatility.

    Warner's Strategy Room (option strategies)proves that he can be transparent and informative if he chooses to be; but if the author chooses to amuse himself while writing this book who can blame him.

    Volatile Markets Made Easy: Trading Stocks and Options for Increased Profits
    Options Made Easy: Your Guide to Profitable Trading (2nd Edition)


  5. This book is a lot like running a diamond mine. You need to sift through tons of junk to get even a tiny gem out. Yes there are a few small gems to be found here. However they are well buried.

    If you want a mathematical treatment try Hull. Make sure you know your calculus and probability theory.

    If you want something with substance try Augen. Have some experience first.

    If you want a beginner's book....there are tons of them.

    If you want to be tortured by writing style and incomplete treatment buy this one. Don't think it will appeal to any novices and few experienced traders.


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Posted in Investing (Saturday, September 4, 2010)

Written by Wade B. Cook. By Lighthouse. The regular list price is $26.95. Sells new for $1.80. There are some available for $0.01.
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5 comments about Wall Street Money Machine, Volume 1.

  1. I read this book after having read Rolling Stocks by Greg Witt. Greg attributes the author of this book, Wade Cook, with having created the rolling stock strategy. While this book is good, I feel that it is inferior to Rolling Stocks in terms of the technicals of investing. Simply put, this book is very vague and a little outdated especially in describing the different strategies. Wall Street Money Machine does cover many different topics that you may want to research in depth such as of money saving strategies and many different option strategies and forming different corporation, companies, and trust to protect your money and reduce tax liabilities. If you can get this book from the library check it out but if your beyond just starting out in investing I recommend Rolling Stocks by Greg Witt and a book or two on options trading.

    Note: Maybe only 1 in 1000 customers post a review of a product or service they use. Why post a review? What is in it for reviewer 1,385? By voicing your opinion you may help other customers who think similar to you find or avoid a product. Both positive and negative reviews can help people decide if a product might be for them, especially if they don't associate themselves with a positive or negative reviewer. I write reviews because I have saved a lot of time and money by reading other people's reviews. Do a civic duty and help other customers; write a review.


  2. Prompt delivery. Was surprised there was an inscription on the inside cover. Would like to have known that ahead but the price was right so I made do. Book in excellent condition. Still wondering who "Bobo" is!


  3. The ideas in this book are interesting, but the actuality is highly flawed. The idea that you can write a 1 month call for 10% of the value of the stock is erroneous. Then, since he advises investing with borrowed money, he claims this is a return of 20% per month. He extends this to 40% just because nobody minds optimism. Writing covered calls is fine, but you do have to realize that this will limit your upside, but not your downside. He neglects to mention this!

    Mr. Cook uses margin buying for every example, yet never gives a single calculation for what happens when a stock goes down, for example showing how you can lose 100% of your investment by a price drop of 50%. Really, the only three ideas in here are 1. Covered call writing (with exaggerated numbers) 2. Buying rolling stocks (which are not supported by his own graphs) and 3. Buying on the stock split (which is not such a guarantee of success as he claims).

    Overall, the returns of these strategies are not credible.


  4. First of all, let's establish that all of the 1 star reviews and bashing comes from the same person. That was proven a very long time ago. And yes, Wade Cook did have to file for bankruptcy and yes Wade Cook has some legal IRS issues. He is serving time in jail- but so did The Apostle Paul. so what!

    And what does any of this have to do with Wade's strategies?
    Answer: Nothing!

    The real fact is that there are lot of people who will not benefit by your knowing these techniques that Wade teaches and they hope you never use them. Some have their own websites and are in direct competition with Wade also selling expensive $3,500 seminars and making many of the same claims that Wade makes about incredible returns in the stock market.

    See the similiarity?


    In Wall Street Money Machine Vol. 1, Wade Cook explains 13 powerful money techniques on cash flowing the stock market. I have been making good consistent returns with covered calls, rolling stocks, rolling options and options on stock splits.

    Wade has a way of explaining the stock market to the average wannabe investor so they can understand it and take the information and begin making money right away.

    People knocking this book have their own websites and products to sell. Some are brokers who want to sell you their 'Soup Dejour' and could care less if you lose money. Others are investors who don't want you to know these strategies because they want to keep them all to themselves. If you find these techniques out, they may cut the potential profit for them.

    Now do you understand their motivation?

    Perhaps Wade's biggest basher is a writer for a popular weekly news magazine who also wrote a big 1,000 page book on personal finance and while she was focusing on rutherlessly attacking Wade, she lost what little audience she had to Suze Orman and now people ask, JBQ who???

    Now do you understand her rationale and real purpose for her attack on Wade?

    If you don't like Wade, at least study his strategies. They work. Many ultra successful investors have been using them for years and unfortunately, like Tax Lien certificates, many are hoping that you never find out about these high powered techniques.


    By the way, Wade made 128% back in 1998 he didn't lose money as has been reported elsewhere on the internet but he does report his losses on his website. Funny how the bashers criticize him for that.

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    53 of 56 people found the following review helpful:
    Powerful, useable strategies, October 1, 2003
    By A Customer

    I have a library of over a hundred or so financial books and continue to add to my library. A lot of times when I am waiting for a new batch of books to come in, I'll reread an older one. I did that recently with Wall Street Money Machine #1 and have been rewarded tremendously with Wade's advice.
    I have found that options are safer than stocks and buying on margin can be done safely and successfully. I like the fact that Wade says to "not get greedy" and "know your exit" and set stop losses and use limit orders.

    Generating income repeatedly via rolling stocks and with covered calls is predictable and also safe.

    Earning 20% monthly and up to 1,000% returns with options on stock splits and on earnings runs is also doable.

    Wade Cook provides strategies that are very powerful and useable. They flat out work.

    Regarding the current status of Wade Cook's company, allI can say is that a lot of companies have had to file bankruptcy over the last few years. Wade's is not the exception but still has nothing to do with his stock market strategies. The seminar part, which is the part primarily involved in the bankruptcy to me were way too expensive (as are the seminars by others). For $4,000 you can buy a lot of books, software and paper trade. I believe that the Wall Street Money Machine series gives you the basics to start investing successfully. Want more information on options? Check out Wall Street Money Machine #2 and #4. Want to maximize covered calls? Read Wall Street Money Machine #5. WANT TO PLAY QUARTERLY EARNINGS? Read and use Wall Street Money MACHINE #6. Want to profit from the market swings? Then pick up a copy of 2 BAD Years and Up We Go and Wall Street Money Machine #3.

    I would also recommend William O'Niels new book "The Successful Investor" and read other books on plaing options like "The Option Player"

    Regarding the negative viewer comments on checking out goggle, all I can say is that MSN is dropping many of it's chat rooms due to outright abuse on the internet. Just because something is on the internet does NOT make it true. It's the general opinion that all of the negative reviews against Wade Cook come from one person who is in direct competition with Wade and sells seminars and stock market websites.

    Regardless of what Wade is doing now, all I know is that his strategies work and work all the time for anyone and everyone who follows them correctly. Sure beats listening to brokers who generally only make you broker


  5. This is a very good introduction to rolling stocks, options, and calls. To me that is the main value of the book. The author was very clear in his explanations. Of course, be aware that there is also some selling of his courses and seminars.

    I was particularly interested in rolling stocks. If that is your interest, I would recommend Rolling Stocks: Making Money on the Ups and Downs by Gregory Witt.

    At first I was a little put off by Wade Cook's recent conviction, but please do not let that influence your decision in buying this book. You can learn to fish from a man, but just because that man is convicted of stealing fish does not diminish what you learned from him about fishing. This is not a book on ethics.


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Posted in Investing (Saturday, September 4, 2010)

Written by George A. Fontanills. By Wiley. The regular list price is $50.00. Sells new for $25.00. There are some available for $18.73.
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5 comments about The Options Course Workbook: Step-by-Step Exercises and Tests to Help You Master the Options Course (Wiley Trading).

  1. I bought the workbook in conjunction with The Options Course and it helped my trading so much! The workbook lets you practice the information you're learning in the course book with quizzes and summaries. I definately recommend that you buy the workbook as well as The Options Course book.


  2. This book contains 90 pages of (mostly) multiple choice questions with the answers at the back of the book. It is the type of material that routinely follows a chapter in any textbook. Though the questions are to the point, my objection is that it is published as a separate book at the price of many complete works. Properly published, these questions would not add 90 pages to the original text which was itself under 300 pages. The questions did not help me understand the material, only tested my recollection. I feel that publishing this material as a workbook is only a marketing ploy and cheapens the product.


  3. I have bought this book and the Options Course Book. This book is designed to directly relate to the hardback book (Options Course Book) and has no application to be read on its own.

    The author has used the workbook to test your knowledge of the hard back book. The work book pulls the salient points out so that you ensure you got what you need.

    The tests are accompanied by the answers at the back of the book. I thought it a great idea to combine the two books as I never know if I got it all when I read a book.

    This book has no practical use on its own and should have been bought with the Course Book.

    Great idea. However, if you are looking for the detail you should buy the Options Course Book.



  4. If you're looking to read and assimilate information about options and then test yourself on the information just acquired - this is the exact wrong book!

    This book contains only questions and multiple choice answers. The answers are in the back. The learning method is to take the tests blindly and then see how many you guessed correctly. It is learning in reverse.

    I was hoping for an explanation of a term or concept and then a follow up test. There are only tests. As such it may live up to the letter of its title but it fails miserably as a teaching tool. For what it purports to be and for what it delivers it seems ridiculously overpriced.

    A very unsatisfied customer.



  5. I used this book in tandem with the OCB to pull the points that I wanted to understand. The author has used the additional book to ensure that each chapter of the OCB is pointed and hits the mark.

    This book is a must to purchase at the same time as his first book Options Course Book. Great idea to reinforce for the reader the salient points that you want to get over

    Thank you Mr. Fontanills

    Dana



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