Top products from r/options

We found 53 product mentions on r/options. We ranked the 68 resulting products by number of redditors who mentioned them. Here are the top 20.

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Top comments that mention products on r/options:

u/begals · 3 pointsr/options

Cool, learning is good. I’m a reader, I recommend picking up a book (fairly up to date one, at least one that was written post-internet era and is still generally applicable in the way option orders work, as it’s certainly different than what a book in the 80s would have said, if there was one). Choice is up to you, search the sub for “recommend books” or something similar and you’ll see plenty of suggestions.

IF you’re a reader, I say go for a book, you’ll read when you wouldn’t be looking online. Also, a good book already sold you, you bought it, and so it pushes no agenda, and the authors is incentivized by sales to have the most informative book, especially in the current retail market where people likely put equal or greater trust in strangers’ Amazon reviews than the vestiges of how it used to be pre-amazon and yelp, ie consumer reports, industry/hobbyist magazines, and word of mouth. I don’t know who the go to for book reviews was, I’m guessing NYT always ran a book critic column, and perhaps trading mags would have reviewed some. Big, needless tangent I’m writing here, but what a change. Anyway, point being, an author should generally just be out to be helpful as good reviews will drive sales. Free books (or even worse, this “Apiary fund” which is really a ‘school’ built to sap you money. See below for a note on the subject) are.not to be trusted, the adage there’s no such thing as a free lunch is pretty much always applicable to investing. Nobody is giving away trade secrets for free.

If you are tempted by a class of some sort, ideally look for something in your town or city that does community adult education. Generally it’ll be $10-50 for this sort of thing, depending on the length. The idea being, community centers and non profits are not trying to squeeze your money, so not only is the lesson cheap, it’s centered on teaching, not selling. Many “free” classes advertised (You’ll see RE investing most commonly, though no doubt people do it for options) are really excuses to get you in a room where you feel trapped and give you the hard sell. Usually some variation of, here’s a tiny bit of info, now to get the real secrets just pay $5000 for this week course, or something similar. Avoid these like the plague, they have no wisdom to offer and just want your cash.

Similar to community adult ed, university related classes also have no hidden agenda, so if you find an options course you could audit or mmmmm or something, you could go for it. I didn’t go to business school or major in economics or anything so I don’t know if they have whole classes on options, but perhaps at least one that covers the market along with options, maybe even futures.

But time-wise, you’ll get the info quickest reading online or reading a book, and you’ll learn quickest by doing, no amount of reading will prep you or teach you as trading will. But you want at least a good background.

For books, I can only recommend from what I’ve read. I’ve read I think 4, 2 stood out:

Understanding Options Ed. 2E by Michael Sincere. It’s not a very complicated book, it’s not teaching you ICs and jade lizards, but it gets you all the basics you need to ask smart questions.

The Only Options Book You’ll Ever Need by Russell Stultz, is my favorite. It starts simple, covering everything the simpler book does, and builds on that. It’s nicely out together for progressive learning, and if you read both, the first book you could eat in a day, and by the 4th chapter or so you’ll be ready to start trading. Then keep reading, since if you go too far with zero experience it’ll not actually stick.

Or, use the help bar here and its resources, the CBOE has great online teaching resources, as does Tastytrade, and others.

Hope that helps steer you in the right direction- good luck!

u/MichaelLuciusJulian · 1 pointr/options

not OP but I thought about writing a post with more info on each book / recommendations / best summaries.

u/ProfessorPurrrrfect · 2 pointsr/options

I don’t know how I knew. Maybe you have a youthful and optimistic writing voice.

I’m 37, and I actually manage money for a living as an RIA (registered investment advisor). If you’re unsure about a career for yourself, I’d highly recommend it. Someone only 20 years old with your expertise would have no trouble getting into the business and be very successful.

Using Bitcoin or any hard currency as opposed to fiat adds immeasurable value to society. Read “The Bitcoin Standard” by Saifedean Ammous and your perspective will be expanded

https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861 and buy

And get a copy of the reference tome: Options as a Strategic Investment

https://www.amazon.com/Options-as-Strategic-Investment-Fifth/dp/0735204659

And your investment game will be better than most advisors by the time you’re 22. That’s the best advice I can give👊

u/Leviathan97 · 12 pointsr/options

So, I'm not sure these are what you're looking for, because they're basically written by viewers of tastytrade to distill what they've learned from the show. In other words, if you're looking for a different perspective or an independent confirmation of the methodology, this ain't it, but if you just want the tastytrade principles in book form, you might find them useful.

By Dr. Russell Richards:

u/bobby_tables · 2 pointsr/options

Here are a few I liked.

On the easy side but very thorough, good for starting:

Options as a strategic investment, Lawrence McMillan
https://www.amazon.com/dp/0735204659/ref=cm_sw_r_em_apa_i_0IfLDbZYQ3Z67

Focusing on market making:

Option market making, Allen Baird
https://www.amazon.com/dp/0471578320/ref=cm_sw_r_em_apa_i_WPfLDbTZ0C15B

Harder but good stuff:

Volatility Trading, Euan Sinclair
https://www.amazon.com/dp/1118347137/ref=cm_sw_r_em_apa_i_zKfLDbQ0KSEPG

u/Pennysboat · 2 pointsr/options

I think the free Excel sheets that are included in this book can be used for EV of multi legged positions. If not the Kindle book is only $3 and one of the better intro options books I have seen: https://www.amazon.com/Trade-Options-Edge-Russell-Richards-ebook/dp/B07965CMXC/ref=sr_1_1?keywords=russell+richards&qid=1572094506&sr=8-1

u/rodbarc123 · 1 pointr/options

I rather explore the approach to trade before earnings and sell it before the announcement. It doesn't matter which direction the stock moves, you profit from the rising implied volatility. After earnings are announced, volatility collapses and many trades become unprofitable.

Start with reading this book by Jeff Augen to understand how it can be done.

With AMZN, I find that selling calendar spread before earnings are a more profitable and consistent trade.

The most important setup is position size. Always allocate many small trades and don't let greed increase the weight on a single position. Options is about probabilities, so consistency in execution is paramount to succeed overtime.

u/5960312 · 8 pointsr/options

Don't blow up. Learn how to price your options. TastyTrades has lots of great tutorials. For books I recommend Taleb's Dynamic Hedging: Managing Vanilla and Exotic Options https://www.amazon.com/Dynamic-Hedging-Managing-Vanilla-Options/dp/0471152803

u/JohnnyZ91 · 2 pointsr/options

Please read this before continuing.. its a good crash course. You will murder your account and profits without these core understandings. Remember chinese news and information trump charts. Great first win!

Understanding Options 2E https://www.amazon.com/dp/B00GWSXX8U/ref=cm_sw_r_cp_api_i_.vkDCb9PTYHH7

u/TitanApe · 6 pointsr/options

Options as a Strategic Investment was recommended to me as a good book to build an Options foundation on. I'm still working through it but so far, I have to agree. It covers the different strategies in detail. Giving you the what, why, and when to use them.

u/NeverWasNorWillBe · 1 pointr/options

I thought this book was really good: https://www.amazon.com/Understanding-Options-2E-Business-Books/dp/0071817840

Also, watch all the videos and read all the links that are associated with options on Investopedia.com. Its a great resource.

u/andermic · 14 pointsr/options

https://www.amazon.com/Rookies-Guide-Options-Beginners-Handbook/dp/193435404X

This goes over all of the basic trades. How to enter and exit. And how to make adjustments. It’s a little long winded but very informative.

https://www.amazon.com/Understanding-Options-2E-Michael-Sincere/dp/0071817840

This is less wordy and covers the same topics. However it is less informative than the rookie book. Probably good to start here and then read the rookie book.

u/makanan1 · 1 pointr/options

https://www.amazon.com/Only-Options-Trading-Book-Youll/dp/1945390115

I bought this book a couple years ago and i learn a lot from it and made a lot off the things I learned in that book. I would highly recommend. Depends on your level of options knowledge but im sure you will learn something.

u/MistaAJP2 · 2 pointsr/options

Not just about vol trading but the ultimate option bible "Option Volatility and Pricing: Advanced Trading Strategies and Techniques" by Natenberg. Might be a little bit more broad than what you're looking for but this book is phenomenal. Was recommended to me by an option trader at a BB.

https://www.amazon.com/Option-Volatility-Pricing-Strategies-Techniques/dp/0071818774

u/tone_cold · 1 pointr/options

Honestly I would say read a book on it. Use your notepad, your highlighter, make tabs, the works. Read it and then read it again.

I used this

Don’t buy a seat at the table if you’re going to bet on a losing hand.

u/TheyCallMeJenevieve · 1 pointr/options

I haven't had a chance to give either a read but I've seen it recommended enough that I'll send it your way. Have you looked at either Fundamentals of Futures and Options Market or Option Volatility and Pricing: Advanced Trading Strategies and Techniques? Maybe that's the more of what you're looking for.

u/beatricejensen · 1 pointr/options

Sheldon Natenberg.

If you code, then write an option pricing calculator and play with it.

u/praeconium · 5 pointsr/options

That guide lists some amazing books but weirdly it doesnt mention the "options Bible" which will teach You everything You look for.

Options, Futures and other financial derivatives - John Hull

https://www.amazon.com/Options-Futures-Other-Derivatives-9th/dp/0133456315

Plenty of pdfs online as well

u/samdeed · 2 pointsr/options

This book lists each of the various options strategies, explaining who should do each one (experience level) and how to do each one (giving examples of when to buy each part):

Bible of Options Strategies

There is a newer edition that I haven't read, my guess is that this older one will work fine for half the price.

u/SBInCB · 2 pointsr/options

Amazon pointed out that there's a newer edition available.

u/gettingtoohot · 1 pointr/options

Sir, you need to learn more about options before you begin touching it... I recommend reading Understanding Options 2E. The author presents the topic in very easy to understand language.

Regarding your question, the difference is in risk vs reward. If you were to sell a put spread with a 10 point spread, then you have a maximum loss of $1000. A 20 point spread will give you a maximum loss of $2000. Puts with higher strike prices are value more than puts with lower strike price. As a result, you will earn a lot more premium by selling a wider spread. Let's compare the 190/210 and the 200/210 put spreads. In order to sell a spread, you always short the put with the higher strike price and go long on the one with the lower strike. Both spreads consequently will make you go long on the 210 put. You now have a choice of going short the 190 or 200 puts. Since the 190 put is worth far less, you will actually earn a higher net premium by selling the 190/210 put spread than the 200/210 spread. Obviously this comes with a higher risk.