My Books

I’ve published four books, three for the options beginner, and each contains more material that the earlier book. Thus, I strongly recommend The Rookie’s Guide to Options (2008). In my (biased) opinion, it’s destined to become a classic primer. Read those reviews at amazon.com. They are genuine.

The Rookie’s Guide was written for the beginner, but there is enough advanced material to make this book useful for years to come.

    Special Notice: The books are once again available!

    To get an e-book copy ($10) in .pdf format, send an inquiry to me: premium (at) mdwoptions (dot) com.

RookiesCoverWhen writing The Rookie’s Guide, I provided extra detail, just as I do in my blog posts. Why? To anticipate questions and perhaps answer them – before you ask. I believe a book should be written to educate the reader, not to satisfy the needs of the author.

The Rookie’s Guide includes an easy to understand explanation of why calls and puts are interchangeable when you buy or sell stock along with the options. It’s far from obvious that some positions are equivalent (i.e., earn the same profit or loss – at every possible price for the underlying stock) to others. That is one of the fascinations of options. This is the type of information not available in most books targeted to rookies.

One chapter contains a thorough discussion, with proof, of why these different-looking positions are truly equivalent and deliver essentially equal profits or losses. [The returns are only ‘essentially equal’ and not identical because bid/ask spreads and minor market inefficiencies make it next to impossible to trade the different positions at the exact price that makes the trades 100% equivalent.]

Understanding this single chapter places you years ahead of most novice option traders.

There’s much more to say, but the reviews and testimonials speak for themselves.

This book sells for $34.95 retail, but prices vary all over the place.  Amazon.com often sells the book at $23.07. Expect to pay in the mid $20s.

The book is also available as an e-book. Let me know if you are interested: premium (at) mdwoptions (dot) com

I offer a FREE sampler version that contains a very short excerpt from each chapter.

The .pdf (e-book) version is available for $10. Click here.

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My first book was written in 2002 and is available as an e-book ($3.50). The paperback version is available. The Short Book on Options explains the basic concepts of how options work – along with a description of a single strategy, writing covered calls.

If you are lookingFrontcover for an inexpensive way to get started, this book is still useful. If you plan to achieve more than just ‘getting started,’ then the Rookie’s Guide is for you.

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Between these two books came Create Your Own Hedge CreateCover Fund (2005). By examining the strategies of covered call writing and selling cash-secured puts when using a mix of ETFs (Exchange Traded Funds), I show the individual investor how he/she can own a hedged and diversified portfolio. And that’s exactly how some of the less sophisticated hedge funds operate. You truly can create and mange your own mini-hedge fund.

The most recent (2010) e-book is available as aKindle version ($10). Titled: Lessons of a Lifetime, it’s my 20,000 word attempt to offer some of the most valuable lessons learned over the course of my 33 years as an options trader.

Lessons_Cover_final

 

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Two e-books are available free. One is a sampler version of The Rookie’s Guide to Options as described above, and the other is An Introduction to Options: The Basics. To receive either (or both) follow the link. It takes you to a shopping cart, but don’t let that be a concern. The cost is zero.

I have more books planned, but blogging and other work translates into having no idea when any of them will be finished.

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