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


    I think the best book on options is:

    "Options as a Strategic Investment"

    by Laweence G. McMillan
  4. 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.



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


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