It’s an excellent pick for investors who prefer having examples and models to demonstrate different outcome scenarios before making a move. Though it’s considered more of a technical read due to its heavy focus on numbers, the book may appeal to more advanced options investors who are looking for a firm theoretical grounding to drive decision-making. Wherever you are with options trading, these books are the best you can read on the subject. Anna’s lessons, interesting articles in the field of financing will always help you manage your money properly. Lawrence McMillan was the former senior vice president of the Equity Arbitrage Department at Thomson McKinnon. He remains active in sharing his knowledge and expertise in options trading by speaking at conferences and writing books, including eur<\/a>. “Larry McMillan is one of the pioneers in educating the public to options and their practical application with respect to trading and risk management.”<\/p>\n <\/p>\n To better understand these contracts, “Fundamentals of Futures and Options Markets” provides a great introduction. John Hull, a professor of Derivatives and Risk Management, uses real-life examples to help you comprehend futures and options markets. The end goal is to establish your own “hedge fund” with options at the center. It’s written with both newcomers and established traders in mind and offers an interesting take on how to manage risk in your portfolio when introducing options. “Options as a Strategic Investment” is a great introduction for beginners who are interested in learning how to use options as a hedge in their portfolios to manage market volatility. It’s also a must-read for more experienced investors who already understand the market.<\/p>\n The possibility exists that you could sustain a loss of some or all of your initial investment or even more than your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and investing, and seek advice from an independent financial advisor if you have any doubts. Past performance is not necessarily indicative of future results Visit the Disclosure page for full website disclosures. This book is specifically written Foreign exchange reserves<\/a> with beginners in mind but by the time you’re done reading it, you might feel like an expert. At just 82 pages, it’s a pretty quick read but as the title suggests, the goal is to get you from Point A to Point B quickly so you can become an options trader. Think of it as the Cliff Notes guide to options, hitting all the key highlights that can help fuel your success. If you’re looking to branch out a little in your portfolio beyond stocks, bonds, and mutual funds, options trading is something you might consider.<\/p>\n <\/p>\n Trading options is an alternative investment strategy that focuses on adding contracts to buy or sell a particular security to your portfolio, rather than investing in the underlying security itself. Rebecca Lake has been a financial planning and credit expert for The Balance for over three years. She has over a decade of experience writing personal finance, investing, and small business content for publications forex<\/a> like Forbes Advisor and U.S. She also assists with content strategy for prominent brands in the financial services industry, including Citibank, Discover Bank, and AIG Insurance. If all of that is Greek to you, then “Trading Options Greeks” is one book you’ll want to add to your reading list. Author Dan Passarelli walks you through each of these techniques, explaining them in a way that’s easy to understand.<\/p>\n If you’re getting into trading options, generating some solid returns right away might be one of your biggest motivators. “Options Trading Crash Course” breaks down everything you need to know on trading options and making an income from your investments in a simple step-by-step guide. Today, McMillan Asset Management represents the realization of Lawrence’s illustrious 40-year career as a trader. It allows direct access to the talents of one of the industry’s most polished and recognized investors.<\/p>\n Although there are plenty of great options trading books for beginners, “Trading Options For Dummies” offers a basic, yet comprehensive overview of the subject. The title may suggest otherwise, but this reference book is also ideal for intermediate-level investors, too, or those with general trading options knowledge yet want to better understand risk factors, new techniques, and more. The bestselling “Option Volatility and Pricing” is the book professional traders are often given to learn the finer points of options trading strategies, so it’s a credible read. “The Option Trader’s Hedge Fund” offers a slightly different take on options trading, with a focus on how to build your own options trading business. Written by a hedge fund manager and an option trading coach, the book guides readers on how to generate a consistent income by selling options using a strategic business model. Options trading can be risky but also lucrative for investors who understand how it works and how to do it effectively in the market. If you’re a beginner where options trading is concerned, a good place to start is with learning the basics.<\/p>\n <\/p>\nAre You A Frequent Reader Or Book Collector?<\/h2>\n
By Mcmillan, Lawrence G (author)<\/h2>\n