Understanding Options 2E

Understanding Options 2E

(McGraw-Hill, 2nd Edition)

Understanding Options has sold more than 100,000 copies and remains one of the most accessible introductions to options trading available. Written in plain language for beginners, it covers the full range of essential strategies—from conservative income generation to speculation—without pushing readers into unnecessary risk.

What you will learn:

  • How to generate monthly income by selling covered calls

  • Hedging strategies to protect your stock positions

  • How to speculate with options while keeping risk manageable

  • Preparation for the Series 7 exam

This updated edition includes new material on LEAPS, the Greeks, collars, protective and married puts, credit and debit spreads, cash-secured puts, straddles, strangles, iron condors, calendar spreads, butterfly spreads, Weeklys, mini-options, and overcoming assignment anxiety.

Review from Forbes Magazine (#5 on list); Review from Investing.com

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