ISBN0735201978

Extremely dry writing style, but very comprehensive and informative. Covers pretty much every conceivable option strategy in the context of both equity and futures options and imparts realistic expectations.

Supplement with Option Volatility & Pricing by Natenberg, and them maybe spend some time playing with a good modeling platform like the one provided by [...]

This book is pricy but it's a super book. If you have any desire to learn stock options, this a must read. Stock options have very high risks and should not be traded if you are a beginner


David Colletti
Founder
StockTradersHQ.com

I actually ended up finishing this FAT book, even though I felt I was reading the same rhetoric again and again all along the book. This book could have been a lot SLIMMER. Although not a bad book to have in the library. I use it every now and then for reference (like margin requirements, prospective gamma changes, etc.).
Considering there are very few books on options trading out there that has good substance (although, there are decent amount of articles and research papers on options out there), it's a must have for your library, whether you are seasoned options trader or an intermediate options trader.

Well written with lots of examples to help you understand the concepts. I've used it as a reference many times as I've constructed trades. It's a big book but it's value will pay off for you handsomely.

One cautionary note on this book is that it was written when trading costs were substantially higher. There are examples in the book where it will discuss trading 500 shares and paying $300 in commissions which clearly doesn't apply anymore. As you read through the book, you may need to alter your strategies accordingly.

I worked at Larry's office for over 3 years and anyone who would rank this book a 1 or 2 simply doesn't have the mental capacity to be a true options trader. First of all, I left his office only because I wanted to get out of sales. I still trade options and the lessons I learned from him and his books are used daily. I read people's review about his presentation style and it makes me laugh at how people want to be sold. They want to be duped by a con artist guru so bad and don't even realize it. Larry is a former mathematical programmer turned Wall Street trader - not broker. What do you expect from someone like that? Believe it or not, Larry likes to sell him seminars, books etc. simply for exposure and to get out of his office to have a beer with like minds. Anyone who likes an option book because it's an easy read is a schmuck!

Nate - Nashville