All about Options, 3e: The Easy Way to Get Started

I don't know what the other reviewers were thinking. This is the best book I have read yet (and I have read quite a few) to give you a very clear understanding of the options market and how to play it. I highly recommend it as a great place to start if you ever thought about getting into it.

I think this book is quite good for "serious" beginners. But at the same time if you are a person who starts yawning on seeing a delta or gamma, you better stick with Ken Roberts and Cook's books. For as one reviewer has rightly said those are good for light entertainment and fantasy, etc.. But if you want to learn the ropes then there is no way out except falling in love with deltas and gammas. There is no free lunch. The reason why i withheld the fifth star, is that most of today's options strategies are software based and this book sheds insufficient light on that subject. Also another note to two previous reviewers, options cannot exist in isolation. Options are based on futures (except stock based options) and hence they cannot be studied or understood without refering to futures. Anyway i don't think there will be many books out there which can teach options only in isolation. so good luck. and as i said if you don't want to take the pains for example, like learning underlying relations between futures and options, stay away from this arena. Thanks.

I have read a couple of option books and this is by far and away the most comprehensive of the books that I have read on options and option trading. This book has made a somewhat sticky subject easy.

We have referred several of our clients to Mr. McCafferty's book and they have all given it a thumbs up! He starts with the simple strategies and works his way up to more complicated strategies. He includes money management plans and how to implement your own trading plan, as well as how to integrate new software packages into your trading plan. We mail this book to clients who need help with options. This book is a must for new option traders!

Of all the option books I have read, this book was the most comprehensive and insightful. The author does go into a great amount of detail on some subjects, however, to really understand option trading I think that was necessary. I would highly recommend this book for anyone who really wants to know the in and out's of option's and option trading.