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Description
The options investing bestseller—updated with new facts, charts, and strategies to help you beat today’s tough markets This new edition of Understanding Options provides all the basics you need to get started in the increasingly popular options market. Important new material includes overcoming assignment anxiety, LEAPS, the Greeks, protective and married puts, the collar, credit and debit spreads, straddles, the strangle, and options tips. Michael Sincere is a full-time columnist, writer, and author of numerous books, including Understanding Stocks and All About Market Indicators. Read more
Publisher : McGraw Hill
Publication date : January 6, 2014
Edition : 2nd
Language : English
Print length : 322 pages
ISBN-10 : 0071817840
ISBN-13 : 44
Item Weight : 2.31 pounds
Dimensions : 5.5 x 0.7 x 8.4 inches
Best Sellers Rank: #68,497 in Books (See Top 100 in Books) #17 in Options Trading (Books) #36 in Online Trading & Investing #108 in Stock Market Investing (Books)
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Top Amazon Reviews
Format: Paperback
I have been a stick trader for some time and an investor even longer. I always wanted to get into options, but wasn’t quite sure how and where to start. I consider this book a detailed step by step guide, with detailed examples, providing the positive, neutral and negative side of each h options method. Detailed, but interesting, well written and easy to understand. Within days of reading the book I was selling covered calls like a seasoned vet, selling protective puts before market corrections and exploring spreads for profit. Truly a great read, a great book and worth 5 times the cost
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Reviewed in the United States on September 24, 2021 by JSan
Format: Paperback
I believe the author is a Sincere man (pun intended) and he writes well. This is a good little options book that explains things so a common investor can understand and apply. Although the CFA exams teaches candidates how to construct payoff diagrams and other equations, I found this book more practical to learning how to profitable trade and invest in options. I couldn't put it down and read the book in a day. I also recommend watching Tasty Trade videos and the following books: +The Complete Guide to Option Selling: How Selling Options Can Lead to Stellar Returns in Bull and Bear Markets, 3rd Edition +The Intelligent Option Investor: Applying Value Investing to the World of Options +The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes and Stock Index Futures +Trading Options Greeks: How Time, Volatility, and Other Pricing Factors Drive Profits +The Option Trader's Hedge Fund: A Business Framework for Trading Equity and Index Options +The Option Trader Handbook: Strategies and Trade Adjustments
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Reviewed in the United States on May 17, 2017 by Nelson Nguyen
Format: Paperback
Qwite good and informative.
Reviewed in the United States on October 25, 2025 by Nomadrex
Format: Kindle
I read Sincere's first edition of this book years ago - and never bothered much with options, Certainly not the more advanced strategies. As I readdressed options recently, it became clear that this new edition was mandatory. Things change in the investment world - especially electronic trades - very rapidly. Sincere's style of writing is clear, concise and very easy to read and follow. Terminology is explained in simple terms - he does a good job of assuring the reader that one will not get boggled in technical terms. As he says ... one doesn't need to understand a combustable engine to drive a car. Sincere develops the chapters very well, progressing from topic to topic in an understandable and fluid manner. As he suggests, one must be familiar with stocks, the market, and trading in general, before reading this book. There are many stock market and investment books available as primers, including one by the same author. Read and know investing before you start this book. Understanding Options is a primer for the beginning option investor, as refresher for the more experienced, and covers very technical and advanced strategies for the seasoned investor. My first edition - being in book form - is highlighted and dog eared. This edition I bought electronic - easy to read and many links are included which make it nicer to move within the volume to various topics. Of course it can still be 'page marked' and sections saved and highlighted for rereads.
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Reviewed in the United States on January 25, 2014 by Borealis
Format: Paperback
This is another great book for folks who are looking to start trading options. I would not use this as my first book though. Options Trading: Quick Start Guide is perfect for a first book to read. This is an excellent book once you get your footing on terms and understanding the easy strategies or calls and puts. This book gives you some more information on knowing how to use the different strategies and why. This book is very easy to read and provides a wealth of information. This is one of a few books that I keep handy to use a reference when doing my own practicing with stock option trading or when reading other books. So far I am still focusing on the easier options trading strategies so I have not done more than a cursory read of the more advanced strategies because it is too soon for me to even worry about those. I have to master the easier strategies before moving on to more difficult trades.
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Reviewed in the United States on December 27, 2017 by Christine
Format: Paperback
Was looking for a broad overview and intro to options, and someone online suggested this. It covers all the basics of options, goes into basic trading strategies in detail, and introduces some advanced strategies. It is sometimes a little repetitive, but a quick read and very easy to understand. If you're looking for an intro or something that isn't at all technical/mathematical/textbook-y, this is a great choice. The book also has recommendations for more advanced books to read next.
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Reviewed in the United States on February 22, 2023 by Nick A
Format: Paperback
This book is AMAZING! if this book was $100 I would pay for it, because it has already made me money. I have about 2 1/2 years experience in stock trading (buy and hold strategy) and options have always intimidated me. This book explains all the ins and outs of options so even a beginner with no experience in any stock trading strategy can understand. If you want to make best use of this book I recommend studying up on stock trading basics so this book's strategies will be easier to implement. I bought $MU puts right before earnings call and made 116% return on my first options trade. If you are a SERIOUS trader looking to become seriously EDUCATED in the market and options trading, I HIGHLY recommend this book, coming from someone who trades in the market everyday. Best thing about this book is that for just a few dollars, you get knowledge you will carry with you for the rest of your life and if you don't think that is worth it then you don't know the value of knowledge. Cheers and good luck to all.
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Reviewed in the United States on June 30, 2017 by Kevin Quintanilla
Format: Paperback
This is a very basic book that does not have much to offer a trader that understands the stock market already. I was disappointed. Chapters titled how to choose the best option basically just say it is up to you. There are no great secrets in this book and it does not address advanced strategies like butterflies in enough detail to help me.
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Reviewed in the United States on July 30, 2022 by CharlesC