Favorite Reading Materials: A List of Ten Books I Recommend
In the world of finance, options trading can be a complex and intimidating subject for many. However, one author has made it their mission to demystify this intricate field and provide a shortcut for those interested in getting started.
The author, whose background remains somewhat mysterious, has penned a series of books that serve as a comprehensive guide to options trading. One of their most notable works is 'Options 101,' a book designed to help stock traders transition to options. This book is accompanied by an Options 101 eCourse, catering to those who prefer a more audible and visual learning context.
The author's books not only serve as a practical guide but also as a literary journey through the world of options. For instance, the author wrote the foreword for the book '$TOCK OPTION$,' which is a great introduction to selling option premium for profit using short strangles. Another book, 'The Bible of Option Strategies,' is meant as a reference book, providing descriptions, metrics, steps, and advantages/disadvantages for various option strategies.
One strategy featured in 'Get Rich With Options' is selling deep-in-the-money call options. This book presents four option trading strategies in total. Another interesting read is 'Trading Stock Options,' which simplifies complex trading strategies by betting on actual post-earnings volatility being greater than the volatility priced in to the options through Vega.
The book 'Trading On Corporate Earnings' provides guidance on how to best play holding through earnings announcements using options instead of stock. On the other hand, 'Options Trading: The Hidden Reality' compares selling a covered call and selling a naked put, stating they are virtually the same thing in terms of taking on the entire downside risk in the stock.
The author's bibliography also includes works by other authors, such as Kim Leopold and Nefeli Kavouras. Leopold, known for New Adult romance novels, and Kavouras, who wrote 'Zentaur,' a text about coping with a family member's terminal illness, have both contributed to option books. Other authors possibly relevant to option books in a broader literary context include Judith C. Vogt, Christian Vogt, Juan S. Guse, and Ann Cotten.
One book that the author found particularly insightful is 'The Bible of Option Strategies.' The author read this book cover to cover and found it to be a valuable resource. Another book that deserves special mention is 'Short Spider Straddles: A Winning Combination.' This book presents a simple, robust trading strategy that wins in the long run through selling premium on both the long and short sides of a trade. However, it's worth noting that this system may lose during higher market volatility.
In conclusion, the author's top 10 favourite trading books for option education provide a wealth of knowledge and practical advice for those looking to delve into the world of options trading. Whether you're a beginner or an experienced trader, these books offer something for everyone. So, if you're ready to take your trading skills to the next level, pick up one of these books and start your journey today!
