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 Location:  Home » Understanding Business » General » Understanding OptionsAugust 21, 2008  


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Understanding Options
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Author: Michael Sincere
Publisher: McGraw-Hill
Category: Book

List Price: $16.95
Buy New: $8.65
You Save: $8.30 (49%)
Buy New/Used from $8.48

Avg. Customer Rating: 5.0 out of 5 stars(10 reviews)
Sales Rank: 14277

Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Edition: 1
Number Of Items: 1
Pages: 240
Shipping Weight (lbs): 0.7
Dimensions (in): 8.2 x 5.5 x 0.5

ISBN: 0071476369
Dewey Decimal Number: 332.6453
EAN: 9780071476362
ASIN: 0071476369

Publication Date: September 22, 2006
Availability: Usually ships in 1-2 business days

Editorial Reviews:

Product Description

This straightforward, accessible guide clearly explains what options are and how they work, their pros and cons, their relationship with stocks, and how to use them to gain leverage, generate extra income, and protect against adverse price movements.




Customer Reviews:   Read 5 more reviews...

5 out of 5 stars Great book for the price   August 7, 2008
This is a very good beginners book on options. It explains in simple terms a very complex subject. I read several books before this one. After I read this book, I wished I had read this one first. The price is right too.


5 out of 5 stars Everyone should read this book!   August 1, 2008
Michael Sincere did a fine job writing this book so that anyone who has no experience with options is able to comprehend the topic with ease, even those who are not good at mathematics and numbers. He briefly explains calls, puts, how to buy, how to sell options, and he even discusses advanced options strategies such as spreads and straddles.


5 out of 5 stars Highly Recommended !!   May 8, 2008
  7 out of 7 found this review helpful

Reading a book on Options Trading is usually a daunting task. While it is true that statistical probabilities, The Greeks and mathematically determining an overpriced or underpriced option all play a part in option trading, in the beginning, this often confuses and intimidates a novice.

Michael Sinceres' book is different. He leaves the mathematics alone. In very simple language, Sincere walks you through the four basic option trades:

1. The Covered Call.
2. Buying a Call.
3. Buying a Put.
4. Selling a Put.

What you may not know is that most brokerages will limit a beginning option traders to these 4 trades anyway.

As if he were sitting at your kitchen table, Sincere actually takes you step- by-step, through each trade. No, this is not a complete treatise on option trading but it is a very good start.

It is true that the key to option success is choosing the right underlying stock. If you have never bought a stock, his book on stock trading would be a better choice. It is also true that options are a form of gambling and anyone who says their "system" guarantees success is probably selling something very expensive.

If you have experienced trading stocks and are looking for your first option book, this would be the one I'd recommend.



5 out of 5 stars Wonderful Options Book   December 1, 2007
  1 out of 2 found this review helpful

This is a very easy to understand, well organized and complete book on options trading.


5 out of 5 stars Nice Surprise   October 30, 2007
  1 out of 1 found this review helpful

This book is short, very well written, and to the point. While it does not cover all options in detail, it does cover the more commonly used ones very well.

Anyone with some financial knowledge will get a great lesson in understanding options.

Highly recommended for the starters.



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