A popular question from persons new to options has been, "What books should I read?" If a new lurker spends a little time here, he or she is likely to find that some posters make more sense to him/her than others. Bearing this in mind, one might want to pay attention not only to what books are recommended, but to who has recommended them. Here is a list by poster of some of the answers. The number before the recommended book is the first post in which that poster recommended it. The numbers in parentheses after the book are subsequent posts in which the same Fool recommends this book. Cautions: Some of the recommendations were made in the context of a specific question asked by another poster. Post numbers are provided so that interested persons can see the context in which the recommendation was made. Also, be aware that not the recommendations are not all made with equal enthusiasm. I have tried to differentiate recommendations from discussion of books or questions about books, and include only recommendations. This is necessarily somewhat subjective. It is also possible that I may have missed writing down a post number and omitted a recommendation by clerical error. Agentq1394Michael Thomsett's book "Getting Started with Options"asmythee5"Options for the Stock Investor" by Jim Bittman, (215, 226, 356)"Options: Essential Concepts and Trading Strategies" by the Options Institute"Options as a Strategic Investment" by McMillan. (654)88pick up something by McMillan, Bittman, or Hull.1587"Harrison Roth's LEAPS"2156The Dynamic Options Allocation System by Howard Simons clrgrn224Two books I read recently helped me, also a newbie, tremendously:Getting Started in Options by Michael ThomsettThe Conservative Investor's Guide to Trading Options by Leroy Grosscovercalls363GETTING STARTED IN OPTIONS by M. Thomsett datahog1624"Options as a Strategic Investment" by McMillan (2691, 4225, 4428)2691" Option volatility and Pricing" by Natenberg.(3425, 3749, 3777, 3789, 3804, 4105, 4225, 4428)3738"The Options Workbook" by Anthony J. Saliba. (3777, 3985, 4225, 4428)DNeuman3277Ralph Vince: " The Mathematics of Money Management"dwade1399, 1401McMillan (McMillan on Options, not OSI) fsandy1202"Getting Started in Options" by M.C. Thomsett, "Options as a Strategic Investment" by L.G. McMillan.4075Van K. Tharp "Trade your way to financial freedom" GammaBoy237Getting Started with Options, Michael TomsettOptions for the Stock Investor, James BittmanGrahamified3647Kevin Connolly "Buying and Selling Volatility" 4328Brian Stark's "Special Situation Investing: Hedging, Arbitrage and Liquidation"InfernalElk130You might try "Options for the Stock Investor" by James Bittman. There's another book by LeRoy Gross or Grossman for conservative investors. Both books discuss covered calls.213"Trading for a Living" by Dr. Elderisabelta 4415"Getting Started in Options" by Michael C Thomsettjharvey9634232LEAPS by Harrison RothUsing Options to Buy Stocks by Dennis Eisen.jim7485198"LEAPS" by Harrison Roth (4334)"Options for the Stock Investor" by James Bittman jwpii1236Options As a Strategic Investment"LEAPS - What They Are and How to Use Them for Profit and Protection" by Harrison Roth.Lndscpr996The first options book I read was "Options As A Strategic Investment" Mc Millan, it is way good and complicated. I actually put it down, feeling overwhelmed, and picked up "Getting Started in Options" Thomsett. The Thomsett book is a very easy read and I highly recomend it along with the Mc Millan book. lusa4297Buying Stocks Without Money -- Dennis EisenUsing Options to Buy Stocks/Build Wealth With Little Risk and No Capital -- Dennis Eisen (4329)Stocks for Options Trading : Low-Risk, Low-Stress Strategies for Selling Stock Options -- Harvey Conrad Friedentag, Harvey Conra FrientagFundamentals of the Options Market -- Michael Williams, Amy S. HoffmanMDCigan2844McMillans book Options as a Strategic Investment (3800)3423Options-Essential Concepts & Trading Strategies which is put out by The Options Institute which is the educational division of the CBOE. (4262)3595LEAPS by Harrison Roth PeterEidson2127Trillion Dollar Bet, a NOVA video produced by WGBH Educational Foundation2592Options Pricing & Volatility, Advanced Trading Strategies & Techniques, Sheldon NatenbergBuying and Selling Volatility, Kevin Connonlys20003306"Getting Started in Option" by Thomsette shortstack 2432McMillan's book: "Options as a Strategic Investment." McMillan, Lawrence G. -- ISBN 0-13-636002-5silverstein1311"Getting Started in Options" by Michael C. Thomsettsrabin2353"Leaps (Long-Term Equity Anticipation Securities : What They Are and How to Use Them for Profit and Protection)" by Harrison Roth TMFSynchronicity 2432McMillan: Options as a Strategic Investment"Harrison Roth's LEAPS 3541Read the Natenberg Sp?) book, read the CBOE info, and any McMillan books are good, as well. Another personal favorite of mine is Harrison Roth's "LEAPS". ttm600The McMillan book is, I guess, the "bible" but it is rather complex and there's just too much information without a good way to boil it down. Omega Research has a giveaway booklet called "McMillan on Options" which is a great summary of the essentials. They will bombard you with solicitations to buy their "Options Station" software.3759"Option Volatility and Pricing" by Natenberg. (4225, 4228)3802I'm neutral on OSI. It's like an encyclopedia of everything one could ever do with options. But it gives no real clue as to how to pick THREE things one might look at as a newbie, pick ONE or TWO of them, and play for a few dollarszman49190"Options Volatility and Pricing" by Sheldon Natenberg (2522, 2904, 3535)1239 (draft FAQ)CBOE bibliography at http://www.cboe.com/education/biblio.htm (2300, 3544, 3748, 4157)1950Books on option pricing listed at http://www.numa.com/bookshop/rec.htm#option-p2904The Options Institute: Options: Essential Concepts and Trading Strategies, Third Edition, New York, New York, McGraw-Hill, 1999. By CBOE staff and consultants.
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