futures

This book was my introduction to options trading. It offers a decent introduction to the subject, and got me to the point where I was comfortable doing a couple of trades. However, the descriptions of all possible outcomes of each trading strategy are rather sparse, as are the reasons behind why you would want to use each strategy. Also, the graphical illustrations of the strategies are quite primitive. Finally, there are many typos; the book definitely could be better edited.

One should also note that the author is VERY conservative--if you buy small-cap stocks on your own, he may be too conservative for you.

Being new to options trading, I read several books on the subject and would have to say that this book provides the easiest to read and understand explanation of the basics. It also promotes a conservative style of trading which assures the new trader will not kick off their options experience by some bad large, losing trades. While the book deals with the basics in a easy style, it also tackles more advanced techniques for those who progress quicker.

Especially in these volatile times in the stock market, Hecht's book is extremely valuable reading for investors. Using plain language, Hecht explains how investors can hedge and pursue less risky strategies with stock options. Those who have some familiarity to investing in the stock market will have no trouble understanding Hecht's presentation of what is often difficult material. His book makes it easy for conservative investors, and those who want to pursue less risky approaches, to make stock options a part of their investment strategy. Thanks to Hecht's book, stock options are now an integral part of my approach to the market, and I'm benefitting handsomely.