Winning in the Options Market: A Streetwise Trader Shows You How to Outsmart the Pros

Rating:
Summary: simple ,clear and to the point
Review: I started to understand things better about the why and the why not of options.Definitely recommend it to beginners.

Rating:
Summary: Not what I had hoped for
Review: Not the worst book I have read on investments, but certainly not the best. The author spends much of the book explaining why he believes standard option trading techniques are doomed to fail in the long term, but his rationale are at best fuzzy. He does do a decent job of outlining his twist on covered call writing and portfolio hedging, but does a poor job of backing up his claims; uses a lot of statements like 'should create a greater return' than standard methods. Should? I'd like to see a bit more testing than just his gut feel. Overall, a quick read, lots of Lotus 1-2-3 spreadsheets, and some potentially useful ideas, but be prepared to work out a lot of it on your own.

Rating:
Summary: Not an options-expert
Review: This so-called options-expert says that options have a different value for different investors. Well, that's simply not true, it doesn't matter whether you buy an option for speculative reasons, or write it to make some extra return, you can calculate the optionprice with the Black and Scholes fomula.
The author correctly states that you should buy options that are undervalued, but his buying criteria don't make any sense.
This book contains many other errors, and with this book you will definitely not outsmart the pros, as the title suggests.