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★★☆☆☆
Not for beginners
I am a beginner with stock options, having never traded one.
I am a very motivated learner however.
For example, I have read about one-half of Wolfinger's "Rookie's Guide To Options", reaching Chapter 13.
With that book, I got hung up on requiring a filled-in table.
In my opinion this book was written for at least advanced beginners.
I think Olmstead assumes the reader has some familiarity with active trading and margin.
For example, shorting is referenced but not defined.
As a math teacher but not a professional writer,
there are certainly useful tips and guidelines in this book,
but I get the sense that the author "jumps around" in the narrative,
without a clear path.
It doesn't take long for the writing to become dense.
An example from pg 36:
"As a rough guide, the magnitude of theta for an at-the-money option
varies inversely as the square root of the time remaining until expiration."
Hello!? I had to read this sentence several times.
I found myself skipping over sentences I didn't fully understand.
Not a good sign.
Perhaps I am not intelligent enough to trade options.
This is certainly possible!
I will keep this book for possible future reference.
Perhaps I will read, "Big Money, Less Risk: Trade Options", by Mark Larson.
Thanks for reading this mini-review.
I welcome comments and alternative learning recommendations.
December 2010 · Books · verified purchase