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Book - Customer Review:1
Options and Options Trading: A Simplified Course That Takes You from Coin Tosses to Black-Scholes
Robert Ward
Rating: 4.5/5 Stars
Rank: 30408
Options for Dummies (like me) (Hillsborough, NJ United States) September 15, 2004 - 5.0/5 stars
Over the course of four undergraduate and graduate degrees I took a total
of one math and zero business and finance courses.
I watch the money
channels on cable, and I pick up a few things, but most of it might as
well be in Mongolian to me. I was the perfect candidate for Robert Ward's
excellent new book, whihc might be subtotled "Options for Dummies."
His Options and Options Trading is a practical, no-nonsense
primer for the complex and mysterious world of options.
For the
uninitiated like me, it is difficult going at times, but if you discipline
yourself and muscle through in the end you have covered every aspect of
buying, selling, and profiting from options.
His goal is introduction and
translation, not advanced trading strategies. In this he succeeds
masterfully.
Ward demonstrates a genius for making the
inscrutable accessible, leading the reader by the hand with vivid
language, illustrations, and humor.
His pace is steady and deliberate,
but never rushed. He writes with an ease and comfort that comes from a
complete mastery of his subject.
Ward instills confidence in
his readers by demonstrating mathematically that good luck is not needed
to succeed in options trading. And conversely bad luck will never ruin
the sensible trader, who realizes he can "never be bigger than the
market."
Ward telegraphs the progression of his program well,
by breaking the concepts down into many easily digestable chapters, grouped
in larger sections.
It is also nicely bound and packaged, and
well-indexed, by McGraw Hill. About the only criticisms I have are very
mild ones:
1.
Frankly the foreword by John Fallon comes off as a
little smug and self-serving, and adds nothing to the discussion except
some interesting biographical tidbids on Ward.
2.
I did great on my
math SATs, but, again, without adequate course work, beginning in chapter
seven I found the math tough going sometimes.
This is cearly, however, a
function of the subject, not the author. Or maybe its a function of this
reader!
It is unavoidable. And for this math-ophobe, he surely minimized
the pain.
Just a few pages into teh book it's very clear why
Ward has been so successful, both as a trader and as a teacher.
Add
writer to the list now. A truly magnificent work in every way. One of
the best book purchases I have ever made, and I plan to buy extra copies
for Christmas gifts.
Customer Review: 1 of 7
Customer Reviews
Options and Options Trading: A Simplified Course That Takes You from Coin Tosses to Black-Scholes
Robert Ward
Customer Review
1 - 3 of 7
![]() | | Current Review | | 1. | Options for Dummies (like me) | | (Hillsborough, NJ United States) September 15, 2004 - 5.0/5 stars | | Over the course of four undergraduate and graduate degrees I took a total
of one math and zero business and finance courses. I watch the money
channels on cable, and I pick up a few things, but most of it might as
well... read full review |
![]() | | 2. | Good book without any complex math | | (California) September 7, 2004 - 5.0/5 stars | | Black-Scholes is the fundamental tool in computing the option prices. The
author does an excellent job in deriving the formula without using any
intense maths. Having an engineering background, I personally found the
book... read full review |
![]() | | 3. | Very good for gaining an understanding of options | | (Hoboken, NJ) September 28, 2004 - 5.0/5 stars | | I appreciated this book because of its easy explanations of the most
popular strategies, and its thorough discussions of the risks
involved.
A couple of years ago my friend told me he was
given a sure thing: Buy Xerox... read full review |
Editorials
Sample 1 of 1
Options and Options Trading: A Simplified Course That Takes You from Coin Tosses to Black-Scholes
Robert Ward
![]() | | | Book Description | | An introduction to the complex world of options that every investor
can use Too many books on options trading make the mistake of
assuming that readers can already tell a delta from a sigma summation.
Options and Options... read full editorial |
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