In his introductory book to equity options trading, Wolfinger thoroughly examines options, their potential as an investment instrument and outlines six strategies in great detail. By the end, he accomplishes his goal of providing you with viable tools, while simultaneously cautioning against common pitfalls.

the rookies guide to options the beginners handbook of trading equity options free download

The book is written primarily for equity traders wishing to expand their investment horizons. However, Wolfinger also makes the book useful for those with little to no investing experience.

Earlier chapters spend a great deal of time explaining options and the inner workings of the options industry. He wants to make sure you have a firm grasp, occasionally belaboring the point.

If you already know options, these chapters can be skimmed or ignored entirely, but to the true novice they are invaluable.

Later chapters dig into specific strategies. In keeping with the overall structure, the first and simplest strategy, covered call writing, takes the longest to detail.

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Every strategy is accompanied by numerous examples and fictitious trades. These are very helpful and comprise a large portion of the book. Throughout the text, Wolfinger stresses that these are his opinions based on his personal conservative style of trading.

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Closing your eyes and hoping for the best is not a winning strategy. The book provides a hefty portion of knowledge and know-how in an easy read and reference text.

the rookies guide to options the beginners handbook of trading equity options free download

For the options beginner, it is ideal. Even without the bonus disc, which includes an options calendar, European-style option calculator and bonus quiz, the book is definitely worth the price.

Tom Nunlist is a student at the Medill School of Journalism currently studying in Nanjing, China. Reach him at tomnunlist gmail. Free Newsletter Modern Trader Follow.

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