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With over 15 years experience in option trading, one of the leading experts in the field offers his conservative, yet highly successful trading strategies. The text includes a thorough explanation of the basic options principles, important differences for trading options and stocks, money management techniques and trading rules.
When nationally renowned options expert Bernie Schaeffer talks, everyone listens. A "Market Maven" on CNBC, a frequent guest on CNN, and a top-rated Timer Digest market timer for the past decade, he has also been a featured speaker at numerous investment conferences. His views on the stock market and the economy are regularly quoted in Wall Street Journal, the New York Times, Barron's, and Investor's Business Daily. Thousands of subscribers eagerly await each issue of his Option Advisor newsletter, and when he distills his decades of knowledge and experience--as he does in this remarkable book--saavy investors everywhere pay close attention. In The Option Advisor: Wealth-Building Strategies Using Equity and Index Options, Schaeffer offers his own carefully tested, prudent and profitable strategies for trading options. He begins by dispelling outdated folklore and beliefs about the options world, and reveals instead how options can be used as an inexpensive, leveraged vehicle for profiting from the movement in an equity. With clarity and logic, he explains the basic principles of options trading, emphasizing, in particular, why options cannot be traded like stocks--a very common and potentially very costly mistake.
Schaeffer delves into the psychology of options trading, demonstrating how to distinguish between "high" and "low" expectation stocks, how to measure sentiment, and how to master the valued Contrary Opinion Theory for successful trading. He shares his wealth-building techniques for selecting the right stocks, assessing risk, managing your options portfolio, and, most important, for reading market timing indicators. What The Option Advisor boils down to is expert guidance on managing your money, while avoiding the most common errors of options trading.
In a detailed section on applications, Schaeffer gives you practical, hands-on advice on how to use a full array of real-world trading strategies, including quick trades, aggressive trading strategies, conservative approaches, portfolio protection, and the increasingly popular Long-term Equity AnticiPation Securities (LEAPS). With characteristic thoroughness, Schaeffer also offers invaluable information on selecting an options broker, opening an options trading account, and doing research on the Internet.
From the novice to the experienced investor, The Option Advisor offers a gold mine of information on how to achieve success in options trading.See all Product Description
Only 50% of the book is about options. The other 50% concentrates on how to use technical analysis to find winning stocks. Read morePublished on April 22 2002
This book is more than an option book. Actually it concentrates more on the technical analysis than options. Read morePublished on Oct. 28 2001 by cal1259
I bought the book from Bernie's web site and then got lots of sales calls. Wow what a mistake that was.
OK book. Nothing new. Read more
I bought the book and found nothing of value except his analysis of put-call ratios.
I noted that Forbes in 2001 ranked his 2000 newsletter performance as being the worst with... Read more
I shelled out money for the newsletter as well. I can't think of a faster way to lose money, than to use his advise! They're awful. Read morePublished on March 27 2000
Buy the book and subscribe to news letter, but do the opposite of Wiley's recommendations, you just might hit the jackpot. Good LuckPublished on Feb. 24 2000 by Jean Marquis
This book is a good introduction to simple option strategies. It presents its content quite differently than other option strategy books: it's actually readable! Read morePublished on Dec 7 1999 by Charles B Grosvenor
I agree totally with the comments about this book. Bernie Scheffer has missed his speaking events to apparently avoid embarrassing meetings with his public to explain his... Read morePublished on Nov. 23 1999
The book is worthy to read, but if you buy his newletter and follow his recommandations, you will surely lose money quickly. That is my experience.Published on Oct. 4 1999