5 comments about Sell Short: A Simpler, Safer Way to Profit When Stocks Go Down.

1. I made it to chapter 3 and couldn't believe how boring, poorly worded and incorrect this book is. In chapter 3, he gets the definition of a "put" option completely backwards! I can't trust someone who's basic premise of book is initially given to the reader incorrectly! It's not even a one star book.



2. I like the book -- I wrote it - and I just noticed a review that found a glaring editorial mistake in the book. The reviewer found the book contained in an incorrect definition of a put, calling into question my credibility -- a good point. My defense is simple -- it was not there in the final galley proofs, actually it was, along with an estimated 1000 mistakes (no kidding) and I made a correction that did not make it into the printed version of the book. John Wiley is the largest and most successful financial publisher in the world and I can only assume the issues with the book are the exception that prove the rule of Wiley's excellence. In my defense, I have bee training options for 25 years,my newsletter service ChangeWave Shorts has been successful and has a loyal following and I can be found at [...] for those of you who want to see if I know what I am talking about before you buy. My thanks to the gentleman who discovered the mistake and if anyone has questions, contact me at mshulman@investoremedia.com.



3. This book is NOT about shorting stocks. The author specifically says multiple times in the book that he does not recommend ever shorting stocks. He does describe how you can play the short side of the market through option puts, but does not advocate or describe how best to short a stock other than to say, "...don't do it."
   
   I was sorely disappointed because I already know about options extensively. I trade puts long and short all the time. The problem with puts are that the spreads sometimes are too large, liquidity is too low, or they aren't even offered on many stocks that I want to trade on the short side.
   
   If you want to trade from the short side of the market using puts and are very new to the world of options then perhaps this book will be of use. If you want to learn about shorting - save your money.



4. Sell Short recommends a strategy using Puts to profit from Falling Stocks.
   In Chapter 3, Mr. Shulman asks "What Exactly Is a Put?" and then goes on in the paragraph that follows with an utterly wrong definition and/or description which would leave an investor/trader totally mis-informed of the definition of a Put. This one paragraph (which deals with the most critical concept for Sell Short - buying a Put option) shows the carelessness in writing and publishing the book 'Sell Short'. Given this carelessness, how can any reader have confidence in other aspects covered in the book by Mr. Shulman?
   
   By the way, John Wiley and Sons has published other books (example: Trade Options Online by George A. Fontanills) which cover their subject well and with care. I have also read several other books on options and each one of them is written with care for accuracy and clarity of concepts explained. I was disappointed with the glaring error in Mr. Shulman's 'Sell Short'.



5. The author correctly stated: "this is not a trading system". For disclosure my comments are based on about a 45 minute study of a friend's copy. This is a nice read especially for a beginner to get a further overall perspective of things, it is not a roadmap to quickly put money in your pocket which makes me question the validity of another reviewer here. As those in the know(many of whom have been there and tried that) will confirm selling short/playing the short side should not even be a part of the game plan in the management of a 6 or 7 figure 401k(playing with ETF(s) as you can't short) or that 6 figure trading account at a Scottrade. The one specific I take issue with is the suggested use of ETF(s) for playing the short game/side. They are far too inefficient vehicles, just look at the charts of the likes of a FAS, FAZ, or SRS and then try to explain to me how they in anyway accomplished in their own right their intended purpose over the last 12 or 18 months.

No comments about The Stock Option Income Generator: How To Make Steady Profits by Renting Your Stocks (Wiley Trading).

5 comments about Options Trading 101: From Theory to Application.

1. Mark LaMoure, Boise, ID
   
   "Option Trading 101" is Bill Johnson's flagship stock options book. Its a wonderful text for learning stock option strategies. A Four Star Rated book, Johnson writes about stock options and how they limit risk while multiplying your profits. He delivers a user friendly approach for Basic to Advanced options. Comprised of 10 Chapters and 449 pages, the book is well rated. The book is a winner, covering critically important option topics for your best interest. Copyright 2007.
   
   BOOK HITS THE TARGET
   Bill writes in an easy to understand manner. Its a high quality book, with Chapter Review Quizzes at the end of each Chapter confirming you understand it. Johnson uses redundancy to support what he discusses for better comprehension. His use of analogies guarantee to help you understand the concepts in options. I enjoyed reading the book. But in some areas, the book is affected by bad editorial proof-reading and needs a 2nd edition to correct such mistakes.
   
   "Option Trading 101" is a full-blown options education in one book. Johnson wrote a comprehensive book, covering A-to-Z the most important topics in option trading. As a great book, it clarify's and simplify's investing topics most other books don't even touch.
   
   IMPORTANCE
   The book is an excellent, basic introduction to options. It is useful and you can use it as an important tool for future reference. Johnson discusses the fundamentals of option trading lucidly in a simple and concise manner. A four star rated book, Bill leads readers through the most important subjects in option trading with ease. This book is smooth and articulate and one you'll enjoy.
   
   If you liked this review, please click YES. Thank You.



2. For anyone who is trading options that has not had a formal training, and for anyone wanting to start trading, this book is a must. It is a good teaching book with chapter questions (and answers) that is simple to read, easy to understand and which gives an excellent overview of the whole options structure, relationships between the various "Greeks" and the option/stock price. In the later chapters there are explanations and examples of various trading combinations such as vertical spreads.



3. I discovered Bill Johnson through his user friendly web site www.optionsatoz.com, and his free webinar, Nite Owls. Bill has a great knowledge and compassion about options which he shares with his students and readers. Bill's book "Options Trading 101" is world class. Bill has a knack of writing this book to make it an easy to read and understand.
   
   Robert Williams, Ph.D.



4. I could not put this book down. The text is very accessible and makes for quick reading. It contains a mountain of information that will serve any option (or stock) trader quite well.
   
   This isn't an "options playbook" or list of strategies, though it provides some. More importantly, this is a book that answers a lot of fundamental questions about how options are priced, why there isn't any free money (good coverage of arbitrage and the function of market makers,) volatility, synthetic options, leverage, the meaning and usage of some of the more common metrics and indicators available when looking at options chains, and then covering the mechanics of working with options and how rights/obligations are dealt with and how these processes translate to orders given to your broker.
   
   With this information, you are well-armed to learn pretty much any specific strategy from a playbook, and will have the requisite know-how to pick up and understand all those other strategies with very little effort. The chapter key-points, quizzes and then answers are an excellent way to spot-check your comprehension.
   
   Mostly it's done very well.. HOWEVER, the quizzes/answers were poorly proof-read by quality control. There are several instances of blatantly incorrect answers provided (because the answer wasn't for the question posed) or in one case, the answer section restated the question rather than answering it! There were a few instances where the options chain image didn't match the values being discussed in the text.
   
   The mistakes in the Q&A self-review sometimes end up costing the reader extra time in re-reading the question, answer, and previous chapter's text/graphs. There is a seed of doubt in later readings where you wonder if you've encountered another editorial error, or if you have a genuine misunderstanding of the material. It's quite undesirable when you're new to the material. Thankfully in most cases, the correct answer is discernible quickly, but I feel these mistakes should have been caught before publication, and feel OptionsUniversity or MorganJames needs to put out an errata document for the first edition and consider releasing a second edition.
   
   In spite of this, the actual number of errors isn't terrible. Because the book is highly accessible and easy to read, and a very enlightening primer that I would without hesitation recommend to a friend (of course telling them in advance there are a few minor errors with graphs not matching text or mistakes in later self-reviews.)
   
   Really wanted to give this one 5 stars, but knocked it to 4 due to editing errors.



5. This book had so many errors and blatant contradictions it was more confusing than the genealogy of Jesus. It will have your head spinning so fast some may mistake you for Linda Blair! The author blitzes the reader with math and details the understanding of which simply is unnecessary in order to trade options and could easily intimidate someone new to trading. The excessive errors found throughout the text are inexcusable, especially for a technical book. When practical applications are finally covered in the final third of the book, we aren't presented with anything really interesting. The Iron Condor strategy is mentioned once earlier but is quickly dismissed in a condescending manner as if someone who could thread through all that math wouldn't easily pick up that relatively simple concept! If you are new to trading and don't want to be more confused after you read this book than before you picked it up, this one should be avoided.

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.
   
   Help other customers find the most helpful reviews
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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.

5 comments about Profit with Options: Essential Methods for Investing Success.

1. The book is for a reader with some degree of investment and trading experience. Unlike the previous books by the author (Options as a Strategic Investment and McMillan on Options), this one covers each phase of the options trading process step-by-step, reinforces individual concepts, and thus allows you to hone and refine skills--in essence, a workbook or study guide. In other words, the aim of this book is study in repetition. You will revive in memory what you already new, and will probably pay attention to some minor new tips.
   
   The unique characteristic of this book is that each chapter ends with a set of review questions and answers that will assist you in absorbing and implementing the material covered.
   
   Chapter 1 moves right into the components of option price, using historical and implied volatility
   to formulate your option trading strategy, and understanding the advantages an option model can provide. Plus, LEAPS, futures, and trading technology are each treated in detail.
   Chapters 2 and 3 explain how to use options as both direct and contrary indicators, with examples showing how each can predict market direction and help you decide which options to buy under both scenarios.
   Chapter 4 teaches you how to incorporate system trading into an overall options game plan and illustrates the value of taking the system approach. A variety of systems types are outlined that are applicable for both short-term and long-term investors.
   Chapter 5 presents powerful methods for using options as "insurance" and portfolio protection, which is one of their key strengths.
   Chapters 6 and 7 conclude with various strategies for profiting from trading volatility. I start by viewing volatility as a strategic indicator, and then move into both forward and reverse "skew" and spreading strategies. I then provide a more in-depth look at volatility analysis, the reasons behind volatility changes, and highlight the author's favorite strategy plus personal criteria for buying straddles, "follow-up" action, and selling naked options.
   Each chapter of the workbook can stand on its own, but taken together, they form the basis of a well-rounded options trading program. With the end-of-chapter questions provided, you can test your knowledge of the concepts, techniques, and systems featured in Profit with Options before you need to put them into action in the real trading world. And this learn-by-example workbook should prepare you for making the right moves at the right time, while reacting swiftly to opportunities that arise in the fast-paced options arena.
   
   As a conclusion, this hands-on guide will complement the previous two works by the author. If you didn't complete these two works, I don't recommend to start with this one.



2. This book could probably be considered the Chevy in McMillan's fleet, with McMillan on Options and Options as a Strategic Investment standing as the Cadillac and Corvette, respectively. It's a worthwhile addition, but if you're new to McMillan, you'd probably be better-served by one of his more well-known works.
   
   This is a relatively short book that provides some tools for using options as direct or contrary indicators, and actual strategies for employing options to profit off expected movement in price or volatility. The book also provides some good guidelines for evaluating indicators like the put/call ratio (index and equity-only), VIX (old VIX, now VXO), and how to interpret volume in an options chain for possible signs of predictive insider trading. Later chapters get a little more complicated, covering some strategies for volatility buying and selling, etc.
   
   The "workbook" end of this volume is rather thin, basically comprised of 12-20 questions at the end of every chapter covering what you've learned, with an answer index in back.
   
   If you're a McMillan fan or new to options, you'll probably like this book. Otherwise, check into his better-known volumes first.



3. I am jsut wondering why many people take this book as another 'Bible' leveled book. It sounds exactly like an insult to all those real 'Bible' books.
   
   Some other reviewers are right: the editting is lousy, the graphs are irresponsible,...., and some other over a thousand flaws. One can expect to learn more by simply browsing Optionetics forum.



4. I have read McMillan's other books and found them interesting and educational. But this book does not have any eyeopening material. If you are a beginner in options then this is not for you; if you are not a beginner then this book is not for you also. You probably know how volatility affects option prices etc., The author has just filled the pages with many historical charts of stocks. Instead he could have just illustrated his points with a couple of charts for each topic. Instead of a book this just deserves to be a booklet.



5. Profit with Options seems to have been thrown together from a series of talks, with little attempt at editing. The book is replete with mistakes that render the book useless to a novice options trader and frustrating to read for an expert.

   The figures are particularly bad, with incomplete or incorrect legends. On page 9, for example, are shown profit graphs for puts and calls. One problem is that the graph for calls is labeled "Put purchase" and the graph for puts refers to buying a call. This is worse than useless to a beginner because it is flat out wrong, and makes the expert wonder whether anything else in the book is sufficiently reliable to trust. Another problem with this figure is that neither graph has any numbers on the axes.

   Poor labeling of figures renders indecipherable many of the figures in Chapter 2, which deals with options as direct indicators. Figure 2.1, for instance, does not provide dates on the X-axis, so when the text says something about what happened on July 29, it's difficult to know where to look on the chart. Many of the charts in this chapter include several data plots, apparently including price and option volume, but the plots are not labeled. Sometimes the text refers to put volume and call volume, but the charts don't indicate which is which.

   The text often is no more clear than the figures. The discussion on stops on page 133, for example, states: "So you gave back a lot by waiting for your stop to be hit. Or did you Will, in this case you did, but what if the S&Ps had gone on to 1335?" Who the heck is Will, and what does he have to do with anything?

   The "review" questions are not really review questions. I expected them to review subject matter that was covered in the preceding chapter. However, the questions are directed to material is not covered in the chapter.

   I'm going to try a different book on options. It's just too frustrating to get anything useful out of this one.

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

5 comments about Trading Index Options.

1. Like others I have noted that the software doesn't work anymore that comes with the book. Also, I can't understand why they sell a kindle version, when the software obviously would not be provided. I could not find the author's e-mail address so I could not request an alternate software program.



2. The book is very good from a professional options trader and teacher.
   
   A lot of the comments from people who recently bought this old (but good) book for the software, were not diligent enough to think about contacting the author. I contacted the author and he mailed me an updated version of the software that comes with the book. He was very kind and cordial.



3. The good news is that this book is very nicely done, providing a useful foundation to beginner and intermediate options traders. I found that I learned quite a lot about the interactions between option pricing and the various factors influencing pricing. The author provides numerous case study examples utilizing the OP-EVAL(TM) software included with the book. A majority of the book contains detailed examples describing how to use the software and interpret the output. The bad news is that the software will not run on current Windows operating systems (Windows 98 or newer). So don't buy the book if you want to try the software on your own. Efforts to contact the author, through the publisher McGraw-Hill, about the possibility of updating the software, have been unsuccessful. Otherwise a good book.



4. From the beginning pages, the explanations are flowing and account for all levels of competency in options. When you finish the very readable book, you will have a solid understanding of index options. The graphs are excellent while the mathematical concepts are carefully explained. I have traded stock options successfully for the past ten years and I now have enough confidence in my knowledge of index options to not panic when hitting the enter button.



5. I was eager to use the software that came with this book, but since my PC runs on Windows 98, it will not install. They should update the software so it will run on later versions of Windows before they sell the book again, or least ask you what version of Windows you are using before you place the order.

5 comments about Option Pricing: Black-Scholes Made Easy (Wiley Trading).

1. While the subject matter of this book is challenging, I was not pleased when the book arrived and the pages were meant to be read at 90 degree angle from normal books. That, added with a tight binding made the book nearly impossible to move through. I was also not impressed with the quality of the printing inside. It was far too faded. I felt that the book did not do justice to the subject covered and I ended up returning the book and purchased another book on the subject. I am not trying to be overly critical of the book. I was very enticed by the title and cover, but the way the inside of the book was set up was not near to the quality dedicated to the cover. I think that this has the potential to be a better book if the inside is rotated to that of a normal book and the quality of printing was improved (color printing would be ideal).



2. I liked that this book was interactive in the sense that you use included software in each of the exercises and thought that the exercises did a good job of explaining the underlying concepts needed to understand option pricing theory (volatility, probability distributions, Black Scholes assumptions, etc). I did think the software itself was poorly written -- but this was partly offset by the fact that the book gives you step-by-step instructions on what to do in each exercise with the software, and if you follow the instructions it works pretty well.
   
   That said, I recommend Hull's Options, Futures, and Other Derivatives as this is one of the leading references on the topic. This is the book that everyone in the industry tends to talk about....
   
   Note that I did not take the following into account when I was rating this book but I purchased the text directly from Amazon.com (not a 3rd party Amazon.com merchant) and when it arrived it was not what I was expecting. The pages were monochrome (photo-copies in black-and-white) and some of the pages were out of order. There was no CDROM included but rather a link to download a .zip off of the publisher's website.



3. This book makes it relatively easy to understand the mathematical principles behind the Black-Scholes theory. The CD guides you through various scenarios and plots everything for you. You don't have to be a mathematician with a PhD from the University of Chicago to appreciate the explanations and diagrams depicted. A "must-have" for every options trader or investor - a definite "keeper"!



4. Fantastic software!

   The book is really a step by step tutorial on how to use the
   probability forecasting software that is on the CD.

   Excellent learning tool as well as a decision-analysis tool for investments.

   Really great. Loved it. Learned a lot!

   Many thanks to the author.

   One Caution: It doesn't work on a Macintosh
   (unless you have PC emulation software for your Mac).

   Cheers,
   ---Freddy




5. I was skeptical to buy it since there were more than 100 different books available on options... but I am glad I choose this book. Its easy and the software developed beats anything I have seen yet... All the free softwares available are excel based but do not offer such insight on the subject as this book.
   I would strongly recommend it to anyone. Only hitch is that the software is bit slow to run but it performs...

5 comments about The New Options Advantage: Gaining a Trading Edge Over the Markets, Revised Edition.

1. This book is as good or better than any book you will purchase on options. Options can get as technical as you want it to be, or as simple. This book combine simplicity and technical jargon in a language you can understand and apply. Between the charts and the Appendix of every options play you can think of, this is a must in your library.



2. This book is almost as good as Natenberg, and much better than McMillan, Schaffers, and Fontanills. Although it is about options on futures, most of the strategies discussed are applicable to stock options as well.



3. A good choice for stock option investors despite it mentioning commmodities. This book will overwhelm a beginner, who should start with Charles Caes' great "Tools of the Bear" (which works for bull and bear markets). Far superior to George Fontanills. Caplan is creative, he writes well and gives the studious reader many important tips. I made two pages of notes from this book. With even a little experience, an options investor will truly ascend to a higher level of knowledge and trading mastery with this book.



4. I don't receive his newsletter, I haven't been to any of his seminars and I don't trade with his brokerage. That being said, this book is outstanding in teaching non-complicated option strategies to traders who want to receive an "Edge" in trading. I have been trading futures for 7 years now, and have recently implemented options into my toolbag of strategies. So far, I've made at least 20 times what I paid for this book. You do though, must understand the futures market first. Trying to read this book, before understanding futures in general, will leave you in a daze. In contrast, there are many books who over-do option strategies by trying to explain how they came up with different strategies by using complex mathematical solutions and explaining how these solutions can make you money. If you think your confused reading this book, wait till you read one of those kinds of books! Good Luck everyone



5. This book is very useful for those who are interested in trading futures and futures options. It really gives you the best strategies to use to capitalize in any market environment. If you do not have a very clear understanding of how to trade which options and at what time, this book will definately help.

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