subject: What Is The Best Options Trading Book - Best Books For Options Traders to Study [print this page] What Is The Best Options Trading Book
If you are interested in learning how to trade options, and are looking for resources to help you get started, Get Rich with Options by Lee Lowell is a great place to start.
This book will give you a great foundational understanding of the various options trading strategies. It will help you sharpen your trading skills by learning from the successes and mistakes of one of the best professional traders.
Lee's credentials as a trader speak for themselves. He has spent 15 years in the trenches as an options trader. He started working on the floor of the New York Mercantile Exchange (NYMEX). Then after learning how the Market Makers trade, he ventured out on his own and opened up his own investment firm.
He has broken the book in to three different parts.
- Option Volatility and how understanding it can increase your profit margins.
- Why selling options is the key to long term success for any trader
In the second part, he explains a few different options selling strategies. These may be helpful for you, particularly if you have a stock portfolio you are looking to maximize. He even talks about his own personal favorite trading strategy (I'll give a hint: it's called Credit Spreads. Read about it on page 115).
Finally, in Part 3, Lee gives some specific tools that traders can go to expand their knowledge, expertise, and profit margins. He even dedicates an entire chapter to brokers and commissions and how to reduce how much you are paying.
Get Rich with Options is an excellent read for any options trader, whether you have been trading the market for years, or you are just beginning to learn. What Is The Best Options Trading Book
What Is The Best Options Trading Book - Best Books For Options Traders to Study
By: Trading Expert
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