Option Spread Trading: A Comprehensive Guide to Strategies and Tactics (Wiley Trading)
Option Spread Trading: A Comprehensive Guide to Strategies and Tactics (Wiley Trading)
A practical guide to unlocking the power of option spreads When dealing with option spreads your looking to purchase one option in conjunction with the sale of another option. If managed properly, these spreads can provide experienced investors with the potential for large returns without undertaking a great deal of risk. Option Spread Trading provides a comprehensive, yet easy-to-understand explanation of option spreads, and shows you how to select the best spread strategy for any
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Tags: Comprehensive, guide, Option, Spread, Strategies, Tactics, Trading, WileyTagged with: Comprehensive • guide • Option • Spread • Strategies • Tactics • Trading • Wiley
Filed under: options basics
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This book is about to test your patience. I didn’t pass the test.,
The author definitely knows what he is writing about but I have strong doubts about his ability to write a readable and error-free book. Throughout reading it, I had a strong impression that I was the first person on the planet who read it, and this includes the author himself and editors and proofreaders if there were any. (It is incomprehensible to me how such a reputable publishing house as Wiley could give it a green light.) But it is not only English, which sometimes gives you a real headache. It is also factual errors. For example, there is reference to Figure 4.4 but it is not there. There is also no Figure 4.3 but luckily, there is no reference to it, either. The author writes “straddle” where it should be “strangle” and “iron condor” where it should be “iron butterfly.” Figure 5.17 has Long Straddle with wrong numbers, and this is a Figure comparing the Long Straddle with the Reverse Iron Butterfly. There are more errors, misreferences, and clumsy sentences violating the rules of English grammar. The author also has a very strange tendency to explain relatively simple concepts in the most convoluted manner and constantly repeat himself.
The aforementioned Figure 5.17 was a last straw that broke my patience and rushed me to write this review. I am almost sure that I will see more surprises in the rest of the book, and I intend to read it to the end because of the autor’s competence in the subject (that’s why 2 stars rather than 1). So if you are eager to test your patience and to see how quickly you’ll get really annoyed with this book, buy this book with confidence.
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