The Rookie’s Guide to Options, Book Review
Mark D Wolfinger who is a 20 year veteran of the Chicago Board Options Exchange (CBOE) and also a contributor to this has written the book, The Rookie’s Guide to Options. For any of our readers that have read Marks posts here on the site you will already know Mark is a fantastic educator.
The book itself has over 200 pages of material that breaks down everything a rookie investor needs to know from the basics of what is an option to intermediate and advanced strategies for the skilled investor. The book is broken down into three main sections: Option Essentials, The Basic Conservative Strategies, and Beyond the Basics.
Mark wrote the book in a way that makes it truly beneficial for any type of reader. He keeps things simple and really does a great job of breaking down otherwise tough concepts. In fact at the end of each chapter Mark has a quick summary quiz that asks simple questions about the topic just discussed. These are not only fun by addicting as they help the material sink in.
Taken from The Rookie’s Guide to Options Amazon.com page, readers can learn how to use options to:
- Sell your stock above market value.
- Turn a non-performing stock into a profitable investment.
- Protect your holdings against a disastrous bear market and even profit in a bear market.
- Create steady income.
- Manage risk.
- Earn profits more often than those who buy only stock.
- Limit losses.
- Own investments that earn a profit when the market moves higher or lower.
To really maximize the potential of Mark’s book we suggest having some experience with at least investing part time. Options are in fact easy to understand, especially with an already establish basic understanding of the stock market.
Overall any investor interesting in learning options needs to pick up a copy of Mark’s book, The Rookie’s Guide to Options.
About the Author: Mark grew up in Brooklyn and holds a BS degree from Brooklyn College and a PhD (chemistry) from Northwestern. After several years as a research chemist for Monsanto, in Dec 1976 he moved to Chicago to become a CBOE market maker. Over the next 23 years, he was primarily a market maker, but was also a risk manager, and coach for new traders. He left the CBOE in 2000 and began writing. To date Market has published three books and numerous magazine articles.
Visit Mark’s blog Options For Rookies and follow him on Twitter.
