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Options Trading for the Conservative Investor: Increasing Profits without Increasing Your Risk, 2nd Edition
- By Michael C. Thomsett
- Published Jan 7, 2010 by FT Press.
- Copyright 2010
- Dimensions: 6 X 9
- Pages: 272
- Edition: 2nd
- Book
- ISBN-10: 0-13-704200-0
- ISBN-13: 978-0-13-704200-5
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Product Author Bios
Michael C. Thomsett has published more than 70 books on investing and business topics, including Stock Profits: Getting to the Core (FT Press, 2004) and many other books concerning options and stock market investing. His best-selling book Getting Started in Options (John Wiley & Sons, 2009) is in its 8th edition and has sold more than 250,000 copies. He has written many other books published by John Wiley & Sons, Amacom Books, and Dearborn. Thomsett lives in Nashville, Tennessee.
“The author’s option trading guidelines include important issues often overlooked by investors. Attention conservative investors! Michael C. Thomsett’s Options Trading for the Conservative Investor has hit a bull’s-eye...for you!”
–Marty Kearney, The Options Institute, Chicago Board Options Exchange
“Michael C. Thomsett has done a terrific job of showing how a conservative investor can use certain option strategies to his advantage. He spells out how that investor can utilize options to provide income, to protect stock holdings, or even as a substitute for stock itself. Every open-minded conservative investor should read this book.”
– Lawrence G. McMillan, publisher, The Options Strategist newsletter; president, McMillan Analysis Corporation; author, Options as a Strategic Investment
“This book is a must for the diligent investor. Perfectly timed for these uncertain markets, Michael C. Thomsett provides a lucid guide for how to approach options trading conservatively, yet also focuses on the fundamental need for good returns and provides real examples throughout.”
–Guy Cohen, author of The Bible of Options Strategies and creator of OptionEasy (www.optioneasy.com)
- New downside protection strategies, detailed examples, and step-by-step techniques for conservative investors
- Easy enough for virtually any experienced investor to use–even those without options experience
- By renowned options expert Michael C. Thomsett, author of the global best-seller Getting Started in Options
To protect yourself in today’s volatile and uncertain market environment, you need to hedge losses, create extra sources of income, and reduce risk. In this book, internationally renowned options expert Michael C. Thomsett shows how to do all that effectively. One step at a time, Thomsett helps you exploit 12 carefully chosen options strategies that can dramatically increase your overall returns as you manage risks within your personal limits.
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8 of 9 people found the following review helpful
A tedious bore, By New Economist (PA) - See all my reviews
This review is from: Options Trading for the Conservative Investor: Increasing Profits without Increasing Your Risk (2nd Edition) (Hardcover)
I get a little annoyed by books touting these extreme option premiums and doing the math to show these impressive returns. For example, on page 15, he mentions a stock trading at 38 with a strike price of 40 and a call trading for 8. Wow, this is a 21.1 return! What is this a biotech stock with implied volatility of 200%? Later you get the drift that he mostly refers to LEAPS of 27 months! He only lists a few examples that aren't LEAPS and I suspect that is because it sounds better to say that one can make $800 on a $38 stock. Writing puts and calls for 27 months is ridiculous. Not only is your annualized return much lower, but by dealing with shorter time frames, you can hug the trend, earn a higher annualized premium and won't have your capital locked up for 2 years. For example, if you buy SPY, and then write a 2 year LEAPS call for 15 points higher, and then it gets beyond that in 6 months, do you really want to have your capital just sitting around during the remaining time...
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1 of 2 people found the following review helpful
Good Book on Options, But ..., By Robert Burgin (Cary, NC USA) - See all my reviews
This review is from: Options Trading for the Conservative Investor: Increasing Profits without Increasing Your Risk (2nd Edition) (Hardcover)
In some ways, this is the best book on options that I have yet read. It certainly helped me understand selling calls, selling puts, and combinations better than any other book has. I also appreciated his constant reminders that he was discussing options in the context of a *conservative* portfolio.However, the book is poorly structured, disorganized, and very repetitious. All of this makes it a bit difficult to pull out the pearls of wisdom.
0 of 3 people found the following review helpful
review of this book by an active options trader, By John fitnessdoc "fitness doc" (california) - See all my reviews
Amazon Verified Purchase(What's this?)
This review is from: Options Trading for the Conservative Investor: Increasing Profits without Increasing Your Risk (2nd Edition) (Hardcover)
Very lucid for both beginners and the reasonably experienced investorsPossibly one of the best books for these two groups |
Table of Contents
Acknowledgments xi
About the Author xii
Preface xiii
Chapter 1: Setting the Ground Rules 1
Chapter 2: Option Basics 7
Chapter 3: Options in Context 51
Chapter 4: Managing Profits and Losses 85
Chapter 5: Options as Cash Generators 107
Chapter 6: Alternatives to Stock Purchase 133
Chapter 7: Option Strategies in Down Markets 157
Chapter 8: Combination Conservative Techniques 189
Chapter 9: Stock Selection and the Option Contract 221
Appendix: Option Trading Strategies 239
Glossary 243
Index 249
Sample Pages
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