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ABOUT THE AUTHOR: Mark Wolfinger has kindly agreed be a guest writer and contribute some of his writings to NothingButOptions. Mark has been in the options business since 1977. He started as a market maker on the trading floor of the Chicago Board Options Exchange. He also worked for trading companies as an off-floor trader, trainer of newly hired traders, and risk manager. He now serves as an educator of public investors, showing them how to intelligently and conservatively use stock options. Born in Brooklyn, New York in 1942, he currently resides in Evanston, Illinois. He received a BS degree from Brooklyn College and a PhD from Northwestern University.

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Author: Michael C. Thompsett

Anyone mystified by stock options or who simply dismisses them as too speculative will find Getting Started in Options an excellent first read on the subject. Beginning with the premise that it's not the complexity of the investment but that of its language that makes options difficult for new investors to understand, author Michael C. Thomsett has created a guided tour through the lexicon. The result is a nontechnical introduction to these specialized markets.

The book carefully and completely defines the terminology, explains options investing step by step, and presents strategies so that it is easy to understand at each level of risk involved. Choosing the right stock, buying and selling options, and combining techniques are all covered in increasing complexity, but this is a book for beginners, and those with basic knowledge of the subject will want to seek out more advanced reading.

The biggest drawback of this book is that, for some reason, the text is printed in green ink, making it somewhat more difficult to read and probably impossible for those who are green-colorblind. Publisher, take note!

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Author: Lawrence G. McMillan

This blockbuster bestseller--more than 100,000 copies sold--is considered to be the bible of options trading. Now completely revised and updated to encompass all the latest options trading vehicles, it supplies traders and serious investors with an abundance of new, strategic opportunities for managing their investments. Examples make clear the power of each strategy in carefully defined market condition.

The new edition is revised to represent the latest trading vehicles and applications, including coverage of long-term equity anticipation securities (LEAPs), preferred equity redemption cumulative stocks (PERCs), neutral trading, futures options, warrants, and standard portfolio analysis of risk (SPAN). The idea, of course, is to maximize earnings and reduce risk--no matter how the market is performing. Strategy techniques and examples show how to do it.

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Author: Options Institute

This latest edition of "Options" remains the state-of-the-art guidebook for getting started in options trading--and understanding the motives and objectives of each player. Up-to-the minute research findings and strategic insights outline a practical, hands-on approach to trading options, helping traders of all experience levels master the basics as they make more tactically sound, intuitive, and profitable decisions.

Everything from time-honored options concepts to strategies for individual and institutional investors and traders. Written by today's leading options practitioners--and edited by The Options Institute, the globally renowned Educational Division of the Chicago Board Options Exchange--Options: Essential Concpets and Trading Strategies, Third Edition, leaves no stone unturned in delivering the most complete, authoritative, and easy-to-understand blueprint available for navigating the profitable twists and turns of today's options marketplace. No-nonsense, packed with useful information, and valuable as either an introductory textbook or a comprehensive fingertip reference resource, this thoroughly revised and updated edition details: what options are, how they are priced, and how they are traded; basic option trading strategies such as covered writing and protected puts; advanced strategies involved LEAPS and the stock repair strategy; options from three points of view; private investor, institutional investor, and market maker; how to use the power of the Internet for trading and detailed information gathering. Options can be used to reduce the risk of trading stocks, and Options, Third Edition, reduces the risk of trading options. So get your questions together and use this step-by-step guidebook to develop option strategies that meet your investment objectives: hedging your stock market risk, increasing your portfolio income, or improving your trading results.

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