any good reads on options?

Discussion in 'Options' started by Softgiant, Apr 21, 2010.

  1. I am wanting to learn more about options for protection against a stock purchase...can anyone recommend a good educational read for me on this so I can learn more about the options market? Thanks for your help, sg
     
  2. thanks for the unput lt
     
  3. stoic

    stoic

    I think the best book on options is:

    "Options as a Strategic Investment"

    by Laweence G. McMillan
     
  4. drcha

    drcha

    definitely agree--if you read only one, this should be it
     
  5. This is the Bible. Buy it. Keep it. Read it over and over. I do and I have been trading options professionally for six years.
     
  6. Utterly and completely worthless.

    Natenberg.

    Baird.

    This exact same question has been asked time and time again. Try the search function.
     
  7. erol

    erol

    I think being a rookie still myself, I can say that McMillan and Natenbergs books serve two completely different purposes.

    I read Natenberg first, and in hindsight should have read McMillan before that.

    Personally, I think that McMillan provides a solid foundation for each strategy, whereas IMO Natenberg dives deeper into the practical side of the BS model and managing risk.

    I think there's some helpful stuff at the end of McMillans book... and I think his book is sort of a pre-requisite for Natenberg's material.

    If one is well acquainted with option strategies and the basics, then McMillan's book isn't necessary IMO. But it's a great reference tool so far.
     
  8. ajcrshr

    ajcrshr

  9. thank you all for your responses, I will check them out. GLTA, happy trading
     
  10. Kubinec

    Kubinec

    Not a book, but here's how I would do it.

    Depending my time-frame (the time I'm planning to hold the stock), I would choose the expiration month or year, and depending on the price I want to hedge my loss in, I would choose the strike, accordingly.

    For instance, I'm long C at $3, I'm planning to hold it for a year, but afraid it's going to drop, I would buy 2.50 put options expiring on Jan '11.
     
    #10     Apr 22, 2010