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To: JGoren who wrote (13517)1/27/2001 2:41:45 PM
From: JGoren  Read Replies (1) | Respond to of 14162
 
still waiting on book recommendations
Message 15250086



To: JGoren who wrote (13517)1/28/2001 12:50:29 AM
From: Greg Higgins  Read Replies (1) | Respond to of 14162
 
JGoren writes: What are the best books on options? I see McMillan has three: McMillan on Options (1996), Conserative Investor's Guide to Trading Options (rev. 1998), Options as a Strategic Investment (editions back to 1980; current one 1992, with a new one due this year). And, I think you have mentioned Harrison Roth's book on Leaps (1993). There is also Complete Options Advisor (1997) by Bernard Schaeffer.

You don't give us any idea about how you intend to use the books or what you're looking for so it is difficult to say. Fortunately you've left off mentioning the bad guy so we don't have to steer you away from that.

Since I've read (several times) all of the books mentioned except the CIGTTO, let me observe that Options as a Strategic Investment is the best overall reference book, but it also tends to be mathematically oriented and is generally dry and dense. Harrison Roth's book on LEAPS is one of the best reading books on leaps investing and options in general. I've used his Systematic Writing strategy with pretty good success. Bernie Schaeffer has (according to him) a pretty good track record and has some interesting idea about what it takes to succeed in the option markets. While I've read lots of trading books and lots of option books these three are my favorites. McMillan on Options is oriented (I believe) more toward the experience options trader, so unless you've got tons of experience, I'd let it wait.



To: JGoren who wrote (13517)1/28/2001 1:51:05 PM
From: NateC  Respond to of 14162
 
I might add 2 more to this list
Ken Trester's "The Complete Option Player"
He's the top guru IMHO regarding options pricing....intrinsic value vs BlackScholes value, etc

a new one is quite good too...altho I haven't finished it
How I Trade Options, by Jon Najarian (he's a former NASDAQ MarketMaker...who now only trades options)