‘Trading Options’ is More Than Just Options – New York Times Book Review

• Posted by Greg Harmon
• on February 17th, 2014

Well perhaps someday the New York Times will review my new book. Until then Amazon does a very good job of showing details about books that they sell including mine, Trading Options: Using Technical Analysis to Design Winning Options Trades. But if you haven’t been to Amazon or have a need to shop elsewhere let me give you the author’s skinny. This book is about a lot more than Options Trading. It was written to make Technical Analysis approachable to anyone, even the novice that never intends to get near Options.

It was written in 4 Parts that build on each other.

Part I is about Identifying the Trend. Since over 70% of stocks move with the trend this is critical for anyone making any kind of investment decisions. If all you have is a 401k that gives you a choice between a stock fund, a bond fund and a money market fund you can benefit from Part I.

Part II drills down to the next level and discusses then how to Find Individual Stocks that are moving with the trend. I use a mosaic process of multiple styles of Technical Analysis which are all touched on here. For the day trader to the long term investor that takes some control of their portfolio there are practical applications here.

Part III then moves into Options Strategies. This is the meat of the book. It starts with introductory material for the options novice and moves into building combinations of options that can substitute for stocks as a trading or investing vehicle. It is presented in simple terms with many examples using nothing beyond 3rd grade math.

Part IV then wraps up the book with a discussion on Trade Design and Execution. This section is applicable to both stocks and options and details how to create a plan, size positions, and how and when to adjust your plan.

Some of the concepts you will have seen before and many will be new. All are part of a process that I have put in place. Each of you should put in place a process as well. So look at this as one example of how to do that too. I hope you enjoy reading it and find it useful and practical.

Recently I had a discussion on blogtalkradio about it as well here (mp3 audio file).

Get my book, Trading Options: Using Technical Analysis to Design Winning Options Trades from Amazon.

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