The Options Course: High Profit & Low Stress Trading Methods

by George A. Fontanills

Book Overview

A complete options course from the renowned trading instructor. Options trading continues to capture the mind of the sophisticated individual investor. This book presents a full options trading course by a well-known options trading instructor. The Options Course progresses from introductory concepts through to more sophisticated strategies for the intermediate-level trader. Learn how to trade futures and stocks with call and put options, and much...

• Format: Hardcover
• Language: English
• ISBN: 0471249505
• ISBN13: 9780471249504
• Release Date: May 1998
• Publisher: Wiley
• Length: 320 Pages
• Weight: 1.37 lbs.
• Dimensions: 1.1" x 6.3" x 9.3"

Customer Reviews

Recommended for serious option traders

This book might not be for beginners. However, it's not difficult to read if you have good math skills and traded in options for a while. I'm just a beginner in options trading and it was no issue reading it. It covers the basics about options, different trading strategies like vertical spreads. What makes the book great is using charts to describe the profit/loss zone for all different methods. This book opened my eyes on the concept of "delta". However, the book has no clear explanation of where "delta" comes from and it's impact on the profit you can make, or its value at certain strike prices. One way to see what the book describe is to look at the delta column for different strike price on live options chain quote screen. This is the most important variable for active option trading. It tells how much percentage of the move you will make if the stock moves say 5 points in you direction. To know more about options formula you need to look at the book "Black Sholes and Beyond" this book is all about mathematics for pricing options and not trading.

Great Options Book

My experiences with Mr. Fontanills could not have not have been better. I have bought his book, traded his strategies profitably and attended a lecture.The book outlines the how to, do's and dont's of option trading. Then introduces you to the various strategies that you can use. He does not promote his company or his publishing companys's seminars in the book. However, I independantly did my research and found his web site. Which I might add is incredible and offers all free information for option traders.He offers 27 different strategies in his books and at the seminars. The strategies that he uses obviously vary depending on market conditions and he writes how and when this is to be done.In this book I did not like the length of the "synthetics" which I thought required more explanation. I understand it a big subject but was left wanting more from this book. But for $34 I thought this was a very practical way to get started. I still refer to it often.Like the last reviewer I attended a Los Angeles seminar and Fontanills was outstanding in his knowledge. He is very warm to the attendees. I purchased his newsletter and have a 120% return on my account to date. I am trading smarter after Mr. Fontanills got through training me. I am very grateful to him and so is my trading account.PS Oh, the last reviewer Mr. Williams I checked with Mr. Fontanills office and you don't exist in their records!

Excellent Book on how to find high profit trades

I was given the book for Xmas by my wife who trades options for a living to encourage me to stop day trading.I could not put the book down. Easy to read, practical and non promotional. Just the down and dirty of how to make money trading.This man's style is to try to help others. Cancer victim and now successful money manager. Don't get me wrong he does only talk about that stuff in passing to indicate that his life has not been all rosy.The trading information is to the point and step by step. I found myself seeing for the first time why I had to trade options. He explains how to find the trades, analyse them, delta neutral trading techniques and how to enter/exit the trades. The appendix are invaluable. My wife was very amused when I opened an options account on January 5. But I had to read this book to finally understand how to trade them.Oh, I asked my wife why this book and she said that she has seen everything out there and Fontanills leaves them all in the dust. A real trader that can communicate the concepts. Many other salesman have scooped up his ideas and profess them as there own....learn from the master and avoid the $$ scams.Now to put it all in practice

Great book for Introduction to Options

This book finally delivered the subject of options into my head. I have tried for years by reading McMillan and with Schaeffers high priced newsletters (where I lost lots of Money) to understand options. McMillan was far too technical for me to understand and Schaeffer ... well he is all about selling his newsletters. Fontanills appears to have no agenda and appears genuinely interested in conveying his ideas to the public. The book introduces the basics well with just enough detail. The examples are in stocks and futures which I quickly got used to. I have no intention of trading futures but they were just examples to get the point across. Fontanills he confided his business is actually as a money manager of stocks and stock options. The book moves on to more advanced strategies including his delta neutral examples. He covers butterflies, condors, long synthetics, spreads and a total of 26 strategies. I recently noticed other people copying Fontanills work but ... then imitators will always copy the master I suppose.I also bought the Options Workbook to accompany this book as it helped me test my knowledge. The downside of the books is that I was left wanting more and more from this guy, and when I put down the book I started it again. Oh, the appendix were useful and well set out.In summary, this book delivers. It is easy to understand, written at my level not above my head. It is not all theory but offers a practical application that I have actually started to apply.Thank you Mr. Fontanills for taking the time to teach us small investors the secrets of your trade.Michelle