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Title: The Options Course : High Profit & Low Stress Trading Methods by George A. Fontanills ISBN: 0-471-24950-5 Publisher: John Wiley & Sons Pub. Date: April, 1998 Format: Hardcover Volumes: 1 List Price(USD): $60.00 |
Average Customer Rating: 3.47 (51 reviews)
Rating: 1
Summary: There is no such thing as low-stress money
Comment: I did not finish this book, because I lost interest in options trading and also became somewhat suspicious of the author's motives. OK you write a book to attract people to your website, so what? Does it mean that trading options is much different from betting in a casino? Assuming one cannot predict the timing of stock price movements, what makes the timing of volatility any more predictable? As with stock prices, one can often say what is likely to happen (movement up or down) but it is hardly possible to say *when* it will happen: tomorrow, next week or in two years. If you are long a stock you will not lose anything because of the timing as long as the fundamentals are good, however if you trade options and the assumption about timing is wrong, you waste your money on endless transaction costs, plus service fees charged by option-trading software providers or websites such as the one run by the author. Not to mention capital gains taxes.
It is probably possible to make money this way, but by no means is this approach "stress-free", and certainly not risk-free. Those who want easy money should try selling books or videotapes about options promising triple digit returns.
Rating: 2
Summary: Disappointing
Comment: This is definitely not a beginners book. The pages that pretend to teach the basics are far too uninformative. And why the focus on futures versus options? It left too much out of focus, unless you want to learn about Delta Neutral Trading and hedging.
Rating: 5
Summary: Recommended for serious option traders
Comment: This book might not be for beginners. However, it's not difficult to read if you have good math skills and traded in options for a while. I'm just a beginner in options trading and it was no issue reading it. It covers the basics about options, different trading strategies like vertical spreads. What makes the book great is using charts to describe the profit/loss zone for all different methods. This book opened my eyes on the concept of "delta". However, the book has no clear explanation of where "delta" comes from and it's impact on the profit you can make, or its value at certain strike prices. One way to see what the book describe is to look at the delta column for different strike price on live options chain quote screen. This is the most important variable for active option trading. It tells how much percentage of the move you will make if the stock moves say 5 points in you direction. To know more about options formula you need to look at the book "Black Sholes and Beyond" this book is all about mathematics for pricing options and not trading.
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Title: The Options Course Workbook by George A. Fontanills ISBN: 0471249491 Publisher: John Wiley & Sons Pub. Date: April, 1998 List Price(USD): $34.95 |
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Title: Trade Options Online by George A. Fontanills ISBN: 0471359386 Publisher: John Wiley & Sons Pub. Date: 27 October, 1999 List Price(USD): $29.95 |
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Title: The Volatility Course by George A. Fontanills, Tom Gentile ISBN: 0471398160 Publisher: John Wiley & Sons Pub. Date: 11 October, 2002 List Price(USD): $49.95 |
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Title: The Four Biggest Mistakes in Option Trading by Jay Kaeppel ISBN: 188327222X Publisher: Marketplace Books/Traders Library Pub. Date: 01 March, 1998 List Price(USD): $19.95 |
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Title: Getting Started in Options, Fifth Edition by Michael C. Thomsett ISBN: 0471444936 Publisher: John Wiley & Sons Pub. Date: 11 July, 2003 List Price(USD): $19.95 |
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