Rating: 
Summary: Good academic discussion of Option theory
Review: Actually, this book deserves 3.5 stars, but I'm feeling generous today...Understanding theory is not as important for MAKING MONEY in options trading as it is for analyzing results. However, this is a good reference book for investors, since a successful investor needs to be able to do dispassionate analysis. This book's major flaws are: 1) Poor Editing. Some of the terminology is incorrect (e.g. "striking price") and the organization of the presentation could be improved a great deal. 2) Dry academic prose. No wonder successful business people love to bash academic types. Personally, I'm more inclined to recommend reading books by William Eng, William O'Neill, and James P. O'Shaugnessey.
Rating: 
Summary: Otions as a strategic investment
Review: As a broker I've read quite a few books on options and option trading. If you read one, you read them all. However, this book is excellent; it includes much more in depth analysis and shows detailed examples of concepts and formulas. This is a great book for the beginner, as well for the more sophisticated option trader.
Rating:
Summary: Don't Trade Options Until You Read This Book
Review: As founder of "Traderscoach.com" I thought this book provided the reader with a realistic view of trading options . You will learn alot about option trading and the proper approach that is necessary to be a consistant winner. Fell FREE to visit our Web-site "Traderscoach.com" which deals with Trading Psycology as well as other material realted to trading.
Rating: 
Summary: Not Worth the Praise!
Review: Before I bought the book I've read all your reviews for a reference. I was actually scarced by the sheer size. Hope that the content will be OK. But only to be disappointed. If you want an academic theory of option, you need more mathematical formulation. And if you are a trader and you need a practical tutorial, you'd better find other books. I strongly recommended the book written of DeMark, Thomas DeMark on Option Day Trading. Is is clear and useful.
Rating:
Summary: Outstanding!
Review: Before I bought this book, I read some of the reviews here. I saw words like "dry" and "too technical" raised more than once to describe the book but went ahead and bought it anyway. It has to be the best investment strategy book I've ever read and I've read many! Admittedly, there is no "fluff" in this book. It contains nothing but valuable text. Anyone who finds it "too technical" or "dry" definitely should not be trading in the options market!
Rating:
Summary: Encylopedia of option trading.
Review: Eventhough I am not an options trader, I purchased this book to familiarize myself with the options market. It contains all the necessary infomation and definitions for a beginner. The only criticism I have is that many of the study examples are not quite straight forward and require the readers to do some thinking and calculating for themselves.
Rating:
Summary: Practical content for actual trading
Review: I have many books on subject of trading and options. This was the first I bought that provided a straightforward practical framework for gathering data and evaluating opportunities. The book is long and very detailed. 2 thirds of the books focusses on specific options strategies eg bull spreads. I have found that many practical suggestions and insights are contained in the lengthy sections on strategies. The remainder of the book contained very valuable (for me) mathematical content on analysis of securities. This book has allowed me to progress my valuation and selection of trading opportunities to the extent where I am profitably trading with confidence. I constantly refer back to it to refresh the concepts on specific aspects of options trading.
It would be THE reference book in my library.
Rating:
Summary: Still the best book I've read on options
Review: I have the 1980 edition of his book, I've read a lot of options books since then, and his book still is the best I've read. He explains spreads, straddles in detail, and when to use each tactic. A lot of beginners (including myself when I started) have a hard time understanding puts, they won't after reading his book. Options aren't for everybody, but if you must play, learn the rules from the best!
Rating:
Summary: An excellent resource for options traders
Review: I purchased this book after I had been trading options for approximately 2 years. I found the descriptions of option strategies very helpful and have incorporated several of them in my personal investing. It won't make you a better investor all by itself (you still have to pick the right options and underlying stocks), but it does provide you with useful ideas about how to invest to take advantage of your personal investment outlook and minimize risks. I have read at least six books on option trading and this is one of only two that I return to frequently.
Rating:
Summary: An excellent Book
Review: I was originally doing only calls and puts before I bought this book. After reading this book, which clearly explains the concepts of spreads and straddles and other advanced options strategies, now I am educated enough to do some of these advanced strategies. It is probably the best options applications book I have read.
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