Australian (ASX) Stock Market Forum

Books on Options

Option Volatility & Pricing by Sheldon Natenberg is by far one of the best books on options. Can't recommend it enough.

Another is The New Options Advantage by David Caplan. Even though its more geared to futures trading, the strategies and explanations are excellent.
 
Can any of you guys recommend me some good books on options?

Cheers

Depends where you are at with options. The books mentioned by Nick and Reece are excellent if you already have a fair understanding, but could be a bit advanced if you are a beginner.

How much do you know already?
 
thanks guys :)

I understand how options are traded and how they work but I have never traded them or looked into any strategies for trading them
 
Haven't seen that one Reece. Thanks - I'll take a look.

Not a problem Nick, I'm the same as Wayne here - really pages upon pages of fantastic material from someone who has really traded the instruments successfully....

Invaluable....

Cheers
 
I received the Natenburg book, and Mcmillan's Options as a strategic investment today in the mail, thanks to the the lovely shop here. :)

Just wondering which one is better to start off with. Not interested in "trading" options as such for the minute, just wanting to write covered options. So which is the better read for me now, considering I know more or less what I want to do? Probably more or less looking at the specific implementation side of things now for this.
 
For those who have stumbled on this thread via the Beginners Forum it may be helpful to refer to our sister forum, the Derivatives Forum, which has lots of posts by proficient options traders. Those posts are as good as, if not better than, some of the material you'll see in the books.

Also note that there are other threads on recommended books for options trading in the Derivatives Forum, try searching for 'Charles Cottle' or 'Guy Bower' and 'books' and you'll find a few.

Good luck!


PS there are some good free downloads at www.riskdoctor.com (thanks Reece!), including interviews with Charles Cottle.
 
agree with Richkid, the derivatives forum will provide you with everything you need to know. As far as books go, anything by McMillan is very useful. :2twocents
 
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