Get Rich with Options: Four Winning Strategies Straight from the Exchange Floor

By Lee Lowell

Book Overview

A detailed guide to successfully trading stock and commodity options

After numerous years as an options market-maker in the trenches of the New York Mercantile Exchange, few analysts know how to make money trading options like author Lee Lowell. Now, in the Second Edition of Get Rich with Options, Lowell returns to show you exactly what works and what doesn't.

Filled with in-depth insight and expert advice, this reliable resource provides you with the knowledge and strategies needed to achieve optimal results within the options market. It quickly covers the basics before moving on to the four options trading strategies that have helped Lowell profit in this arena time and again: buying deep-in-the-money call options, selling naked put options, selling option credit spreads, and selling covered calls.

Breaks down four of the best options trading strategies currently available Explains how to set up a home-based business with the best options trading software, tools, and Web sites Contains detailed discussions of how options can be used as a hedging or speculating instrument

With this book as your guide, you'll quickly see options in a whole new light and learn how to become part of a small group of investors who consistently win.

• Format: Hardcover
• Language: English
• ISBN: 0470445890
• ISBN13: 9780470445891
• Release Date: October 2009
• Publisher: Wiley
• Length: 272 Pages
• Weight: 1.07 lbs.
• Dimensions: 0.9" x 6.4" x 9.3"

Customer Reviews

really usefull book

The book was easy to understand, it can save a lot of money to those who invest in options. It's not an academic piece of work describing too many strategies without rating them, but it is a very practical guide describing just 4 strategies, proven by the author to work very well. One of the strategies seems to be unknown and not used by many traders. Interesting book.

You need this book

It seems a lot of books get referred to as the "option bible" of strategies; this book definitely does not fall into that category, but this book provides something much more effective for the retail trader than most of the "bible" offerings. The author describes in easy to understand text the five (there is a bonus strategy at the end) option setups that will consistently be the most effective and profitable way to trade options. I think any retail trader who trades options should have this book and actively trade the strategies offered. You can also regularly read the authors take on the markets and trading in The Smart Options e-Report, a free e-mail commentary from the Mt. Vernon Research Advisory Panel that Lee is a member of.

Options Excellence

This book is a rare read in that it is very simple to understand, yet provides all the insight into the complex options trading world. It takes very complicated ideas and makes it simple for all who read the book. You will thoroughly enjoy reading this book and it will enable you to understand a sometimes hard to understand subject-the world of options. I have taken the authors ideas and simulated some options trades and they have worked. Next step is the real thing!! I would recommend this book as a very quick and simple read. If you want to understand the world of options, this book is for you!!!!