2024 the best option review
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(as of Nov 12, 2024 22:54:08 UTC - Details)
Writing naked puts is a strategy for investors who want to buy stock at below (current) market prices. If the stock is not available at that low price, then the investor earns a cash profit as a consolation.
Writing naked puts is a strategy for the short-term investor who has a modestly bullish bias on the underlying stock or index.
This book is for the trader who already has a basic understanding of how options work.
ASIN : B00HQ6KGGE
Publisher : Options for Rookies Books (January 5, 2014)
Publication date : January 5, 2014
Language : English
File size : 932 KB
Text-to-Speech : Enabled
Screen Reader : Supported
Enhanced typesetting : Enabled
X-Ray : Not Enabled
Word Wise : Enabled
Print length : 67 pages
Reviewer: Marilyn Horowitz
Rating: 5.0 out of 5 stars
Title: This is a great book!
Review: Helpful and to the point, Wolfinger knows his stuff! I really found this to be the best book on this subject!
Reviewer: Charles Banks
Rating: 4.0 out of 5 stars
Title: good, concise
Review: I have over ten years experience with options;still learned and relarned a lot. Two tips. 1.If you are new to naked puts,be careful of your brokerage.I have had to move mine twice because of employee ignorance and prejudice.One sweet, young voice thought I was a porn caller. Etrade has been excellent 2.Stansberry&Accociates is a good source of information on naked puts,especially their Alpha letter.
Reviewer: Greywolf
Rating: 3.0 out of 5 stars
Title: Disappointed
Review: I really liked Wolfinger's book, "Rookie's Guide to Options", but this short handbook leaves much to be desired. If you know next to nothing about writing puts the book is ok, but it suffers from the same flaw that many options books share. Very little information on strike price selection, which is the most important factor that determines the trades success. Wolfinger does mention that the further out of the money the strike price, the more likely the put will expire worthless, but he doesn't mention the use of volatility calculators that can help you determine this probability. Google "option probability calculator" for a free probability calculator that every options trader should use.He also suggests you should look at support levels, but nothing more than a passing mention.My second complaint is that for an "advanced" options book I would expect more on trade adjustments. He does say that if the trade moves against you your options are to close the trade or roll it, but no mention of another good adjustment strategy...a delta neutral hedge.If you have read a few options books, most cover the basics of selling puts. This book also just covers the basics, so you can probably skip it.If you want to see a real trader make real trade adjustments pick up "Generate Thousands" by Samir Elias.
Reviewer: KB
Rating: 5.0 out of 5 stars
Title: Selling a put is easy. The concern is how to stay out of ...
Review: Selling a put is easy. The concern is how to stay out of trouble when markets move against you. This is an excellent book because it tells you how to stay out of trouble and what to do if and when you get into a troublesome situation.
Reviewer: Irish1977
Rating: 5.0 out of 5 stars
Title: Must Read!!!
Review: Great book on how to write puts properly!
Reviewer: Erik W. Marksberry
Rating: 2.0 out of 5 stars
Title: Far too basic
Review: The vast majority of the advice given was "Pick a stock you'd like to buy" or "Find a strike price and expiration that aligns with your goals". Way too basic to be of any practical help. Should have indicated which technical indicators to look for before writing the option, IV rank of the underlying, 16 vs 30 Delta positions, monthly vs weeklies, etc etc etc. Very disappointing there wasn't more specific guidance.
Reviewer: health nut
Rating: 4.0 out of 5 stars
Title: A little basic.
Review: While it covered the topic, I felt that it was too basic to be useful. More time should have been spent on stock selection. But I gave it four stars due to the fact that it is a good BASIC primer on puts.
Reviewer: Amazon Customer
Rating: 5.0 out of 5 stars
Title: Five Stars
Review: very good explanations
Reviewer: Rangarajan Krishnakishore
Rating: 5.0 out of 5 stars
Title:
Review: Amazing book, albeit a short one. All key points have been suitably addressed. Applicable for markets operating anywhere in the World.
Reviewer: giovanni
Rating: 1.0 out of 5 stars
Title:
Review: This book is too basic and short, and I will NOT recommended it to "trader who already has a basic understanding of how options work". The informations provided are too simple and if you have a basic knowledge about options this book doesn't teach you anything new.
Reviewer: L. Poirier
Rating: 3.0 out of 5 stars
Title:
Review: I was hoping for discussion on PUT ladders, ways of adding downside protection and some tools to analyze PUTs in terms of likelihood of expiring worthless. Theta/Vega/Gamma aren't discussed. This is a one step above novice/beginner level book.
Reviewer: Loordhasamy
Rating: 5.0 out of 5 stars
Title:
Review: Few practical guidelines for managing option positions. Very useful to me.Not suitable for beginners.Suitable for intermediate level traders
Reviewer: Annamalai Swaminathan
Rating: 5.0 out of 5 stars
Title:
Review: Direct to the pointGood one