Must Read Options Resources

FirefighterB said: "Just curious as to what you all think are the must read options books. I'm currently reading Wade B. Cooks, [I]Wall Street Money Machine[/I] and I wondering what else you guys recommend as a good options. Thanks."

thezster said: "Not trying to get off subject - but... hey, you movin to the Big Apple, or what??"

drdan said: "A Trader on Wall Street: A Short Term Traders Guide by Michael Coval The Options Workbook: Fundamental Spread Concepts and Strategies for Investors and Traders by Anthony Saliba, The Staff at International Trading Institute The Options Course Second Edition: High Profit & Low Stress Trading Methods (Wiley Trading) by George A. Fontanills Trade Options Online (Wiley Online Trading for a Living) by George A. Fontanills"

Quin said: "[I]Options as a Strategic Investment[/I] by Lawrence J. McMillan"

FirefighterB said: "Thanks for the resources, everyone. Z - I'm headed up at the first of the year. The waiting is DRIVING ME CRAZY! But, I wanted to save a little bit more money before I left, sell my motorcycle and car, and try to find, or at least get some ideas about, a job. However, the latter is proving to be pretty tough. I haven't even gotten a response from ANYONE that I sent my resume to. That, or I'm going to have to go back to selling crack to middle school kids and strippin' on the weekends...:whacky011: Hahaha. In hindsight, I wish I would have just packed up and headed out when I made the decision, because it's definitely been tough to stick with the commitment when there's investments to be made, nice stuff to be bought, money to be wasted, friends to hang out with, and warm sunshine to enjoy here in Austin. Guess I had, or still have, something to learn here. I appreciate you remembering and asking about it and hope everything is going well on your side."

Delta said: "If you're looking for options info, then you can't go wrong with any book by Sheldon Natenberg. They are dry, but they have good information. You should also check out these options info sites. They are all free, and they will teach you more than most of the "gurus" out there. [url]www.888options.com[/url] - good site for retail options users [url]www.theoptionsinsider.com[/url] - good site for retail and institutional options users [url]www.oicoptions.com[/url] - new site aimed at institutions, not much content yet but growing [url]www.cboe.com[/url] - good for retail options users Hope that helps. Delta"

A Cake On said: "Hi my name is Andre, I'm new here, and I have a fav book that I have read, and it is Rich Dad Poor Dad by Robert Kiyosaki. It's funny that it has nothing to do with options, but it is key to expanding your mindset to be prepared for what challenges options will bring to the table."

Delta said: "I've read that book and I can't say that it provides much preparation for options trading. You're better off spending your time with one of the books or websites listed above."

newinvestor123 said: "[QUOTE=A Cake On]Hi my name is Andre, I'm new here, and I have a fav book that I have read, and it is Rich Dad Poor Dad by Robert Kiyosaki. It's funny that it has nothing to do with options, but it is key to expanding your mindset to be prepared for what challenges options will bring to the table.[/QUOTE] Actually, you're probably better off asking Z's dog what he thinks about the subject... Kiyosaki is a quack."

Newlz said: "So are options better than stocks usually? [url]www.stockman1.com[/url] These guys seem good for advice. And they are free I think"

sethuramansid said: "[QUOTE=A Cake On]Hi my name is Andre, I'm new here, and I have a fav book that I have read, and it is [B]Rich Dad Poor Dad[/B] by Robert Kiyosaki. It's funny that it has nothing to do with options, but it is key to expanding your mindset to be prepared for what challenges options will bring to the table.[/QUOTE] I think I've heard of that book I was gonna buy it before, but wasn't too sure if it's worth it? :whacky011:"

drdan said: "I have read Rich Dad Poor Dad and find Kyosaki's big picture thinking to be very sound - investing and creating your own business are the ways to become wealthy. However, with that said I have seen a couple things on his website that make me wonder such as his Real Estate crash panic he had a few months ago (I think it was just to sell a book) and his book Prophecy in which he is buying into the baby boomers retirement scare that is going to make the biggest crash in history, which I am not so sure about. Also options are a tool. They are a trading tool or an investment insurance policy, not sure how that pertains to Rich Dad Poor Dad thinking."

Delta said: "Options are neither superior to nor inferior to stocks. They are merely two sides of the same coin. They can be used separately or to complement each other, such as writing calls against your stock position. It all depends on what you want to do. If you want leverage or to hedge an existing position, I suggest options. If you just want a straightforward directional play and aren't worried about leverage, or if you want to buy and hold a particular company, then I recommend stocks."