Review: Snake oil for the unsuspecting novice - this "book" is a joke
Rating: 1 out of 5
Date: 06 1, 2014
This little book barely scratches the surface of the complexities of options. You will not learn anything useful for actually trading options from this book.To get an idea of the mindset of the author and his friends supporting him with 5-star reviews just read the comments to this post.If you enjoy hunting for typos, grammatical and factual mistakes this book is for you.You will be amply rewarded on every single page.This book, if these few pages deserve that term at all, lacks structure and substance and it does not deliver on the lofty claims of the book description. Promising snake oil and delivering BS. There is nothing contained you cannot find for free on the internet. It looks like a copy and paste from several sources which would also explain the redundancies in the basic explanations. To fill some pages even employee stock options are covered which have no place in a book on standardized exchange traded options. They are a totally different animal.The explanation of the important concept of implied volatility among others shows that the author has no real understanding of it. My guess he has never done an option trade himself.The strategies he includes are described only to the bare minimum. Another copy and paste job without proper explanations. A beginner would not know how to execute and monitor them properly.Don't waste your time on this pamphlet.