The Rookie's Guide to Options: The Beginner's Handbook of Trading Equity Options
| Author | : | |
| Rating | : | 4.13 (598 Votes) |
| Asin | : | 193435404X |
| Format Type | : | paperback |
| Number of Pages | : | 232 Pages |
| Publish Date | : | 2015-10-22 |
| Language | : | English |
DESCRIPTION:
Over the past dozen years, he has published three books (plus another e-book). He welcomes comments at rookies@mdwoptions. . (OptionsForRookies). About the Author Mark D Wolfinger has been in the options business since 1977, when he began his career as a floor trader at the Chicago Board Options Exchange (CBOE). Born and raised in Brooklyn, Wolfinger currently lives in Evanston, Illinois, with his life partner, Penny. He holds a BS from Brooklyn College and a PhD in chemistry from Northwestern University. After leaving the CBOE he began teaching individual investors how to use options profitably and safely. Over the next 23 years, he worked primarily as a market maker, but also worked as a risk manager, off-floor trader, and coach for new traders. Wolfinger still trades from home, but most of his time is spent
Not Just for Rookies I imagine my quest to successfully trade the market was fairly typical. Eventually I arrived at a fork in the road, one direction lead to washout-- the other an epiphany that not losing money was infinitely more important than pushing for gains. When I picked up Wolfinger's book I was at such an inflection point, and regretfully I'll admit it wasn't my first visit.Mark's . VERY sound advice and examples My introduction to Mark's book was by way of SFO Magazine (another good read). I'll keep this short; many have made good points before me. Two major items make me recommend this book: Sound and practical advice and Mark's encouragement for learning. If you ever go to some investment seminars (not sales pitches), you will often encounter some side note/comment the speaker . gapwedge said A must read for beginning option traders. My only toe in the water experience with option trading was years ago when I foolishly purchased cheap OTM calls only to lose money. Now, along with my equity trading I am ready to re-enter the option market better educated this time around thanks to Mark's book. Like was said in a previous review a quick one time scan of the book is not recommended, but more time reading
Wolfinger still trades from home, but most of his time is spent with Options for Rookies, a premier, low-priced, options education service. Over the past dozen years, he has published three books (plus another e-book). Over the next 23 years, he worked primarily as a market maker, but also worked as a risk manager, off-floor trader, and coach for new traders. Mark D Wolfinger has been in the options business since 1977
3. Wolfinger shows you how to analyze alternatives and explains why each may be appropriate for a particular investor with specific investment objectives. Whether you are new to options or already trade them, this book provides a thorough understanding of option pricing, strategies and the importance of risk management. More than 4 billion options traded in 2011. 2. Ever bought car insurance? That's very similar to a put option. Sell your stock above market value. Ever use a rain check at a discount store or used a bus transfer? Those are call options. A thorough understanding of option basics will help you move on to powerful strategies than may earn high returns with limited risk. You will develop a basis for deciding what is suitable for you and your investment philosophy. 7. Learn how you can use options to