Shows you how to outsmart the pros from the perspective of a street-wise trader. Distinguishes between which options strategies work in theory and which work in reality. Show, why the most popular... This description may be from another edition of this product.
This book is somewhat out of date. However, it has a great deal of good strategy advice on how to evaluate option positions for risk and for reward. The author provides a straightforward and clear analysis. I recommend it highly. The strategies he proposes are not for small investors interested in playing the options market with a couple of thousand dollars. To achieve adequate diversification, and minimize the impact of transaction costs, one needs to invest a minimum of 30K and better 50K-100K in one of these hedges. Read this book and you will learn a great deal about the mathematics of risk and reward.
Good Starter
Published by Thriftbooks.com User , 26 years ago
I found this book insighful and informative for both the novice and experienced trader. I only failed to give it 5 stars because there appear to be a few errors in the spreadsheet code included in the appendices. If anyone has encountered the same problems I would appreciate hearing from them.
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