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Rating: Summary: poorly written, confused me more than taught me Review: Don't expect to understand how to trade options after plodding through this book. The style is sluggish and the explanations murky. His explanation of Black-Scholes is thoroughly confusing. A good editor and a ghost writer might've saved this one.
Rating: Summary: Great place to start Review: I don't know what the other reviewers were thinking. This is the best book I have read yet (and I have read quite a few) to give you a very clear understanding of the options market and how to play it. I highly recommend it as a great place to start if you ever thought about getting into it.
Rating: Summary: A MUST READ FOR ANYONE INTERESTED IN OPTIONS!! Review: I have read a couple of option books and this is by far and away the most comprehensive of the books that I have read on options and option trading. This book has made a somewhat sticky subject easy.
Rating: Summary: Great place to start Review: I read hundreds of books and never write reviews. This book is so poorly written that I was compelled to write this review.If you just read the first 5 pages of the book, you will get an idea how poor a writer its author is. The first chapter is about basics of Options. However, even for someone like me who is experienced in stock trading, it was most confusing. I dont know how to get a refund for this aweful book but I will stay away from any books written by this author and its publisher for publsihing this junk.
Rating: Summary: Too disorganized, not an easy way to get started Review: Knowing nothing about options, but something about stocks, etc. I bought this book on a whim and gave up midway through chapter 1, 'Understanding the Basics'. For laying out the basics, this chapter, and book for that matter, is too disorganized and goes off on too many tangents. It's as if the author loaded up on caffeine and did a brain dump with little planning as to what he really wanted the reader to learn. Not wanting to give up on options yet, I read a few reviews and picked up 'Getting Started in Options' by Thomsett, which is much better written and organized. I'd highly recommend the book by Thomsett for those starting out. I'll make one more stab at the book by McCafferty after finishing Thomsett since I paid for it, but do not recommend it for beginners.
Rating: Summary: Thorough, yet opaque Review: Mr. McCafferty's book seeks to provide a comprehensive review of options trading, and it is filled with what could be helpful and illustrative examples. Unfortunately, it suffers from a lack of editing. This means, for instance, that many of the examples appear to have incorrect math, as compared to the written description of how they are supposed to work. This can leave the reader confused as to which is correct. Similarly, because the details of the basic groundwork are partly contradictory, the reader is left with less confidence as the book becomes more complex. This is a great book for someone who is already comfortable with the basics of options, but if you are looking for an introductory text on options, try "Options for Dummies" or a similar book.
Rating: Summary: Thorough, yet opaque Review: Mr. McCafferty's book seeks to provide a comprehensive review of options trading, and it is filled with what could be helpful and illustrative examples. Unfortunately, it suffers from a lack of editing. This means, for instance, that many of the examples appear to have incorrect math, as compared to the written description of how they are supposed to work. This can leave the reader confused as to which is correct. Similarly, because the details of the basic groundwork are partly contradictory, the reader is left with less confidence as the book becomes more complex. This is a great book for someone who is already comfortable with the basics of options, but if you are looking for an introductory text on options, try "Options for Dummies" or a similar book.
Rating: Summary: Tries to do too much Review: The book is a contradiction in a sense. It is supposed to help those new to options trading understand it, but by covering both futures and stock options simultaneously I only ended up confused. I am interested in learning stock options and the books primary focus seems to be on futures. Perhaps having two books dedicated to each of the subjects would be more appropriate for a "beginners" book. In addition, the early introduction of examples about "offsets" are very confusing and, again for a "beginners" book, not appropriate at such an early stage.
Rating: Summary: Dissapointed.... Review: This book was far too confusing and unorganized. It was almost as if the author dictated the whole book and constantly got off on tangents that left me baffled. Don't waste your money on this book!
Rating: Summary: several clients have used this book to get started Review: We have referred several of our clients to Mr. McCafferty's book and they have all given it a thumbs up! He starts with the simple strategies and works his way up to more complicated strategies. He includes money management plans and how to implement your own trading plan, as well as how to integrate new software packages into your trading plan. We mail this book to clients who need help with options. This book is a must for new option traders!
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