The Options Playbook: Featuring 40 strategies for bulls, bears, rookies, all-stars and everyone in between. Paperback – February 5, 2024

A great introduction to important concepts involved in trading options and a great overview of the various strategies.

"The Options Playbook" is a must-read for anyone interested in trading options or looking to expand their knowledge in this area. It's very well put together, making complex concepts easy to understand. The book serves as a good reference guide, offering a variety of strategies for different market conditions and outlooks. Despite the complexity of the subject matter, the tone of the book is light-hearted, making it an enjoyable read for anyone interested in trading options.

PURCHASED: June 16, 2016.As an experienced trader (of not just Options), I found this to be a neat "table" reference. It's on my bookshelf and serves as a means to occasionally confirm the potential options strategy (or strategies) being tossed around in my mind. It's also a good easy reference to confirm what someone else is saying about their trade or strategy no matter how complex it is.WHAT'S GREAT ABOUT IT - HUGE printed pages, large diagrams, very easy to read, straightforward. Tons of option plays described in good basic detail - like a neat massive a "Rolodex" card file of option plays. In the grand scheme of things, it's cheaper than a single $0.15 stock option contract, AFTER commissions...and it doesn't expire - so what's there to lose, eh?WHAT's NOT SO GREAT ABOUT IT - HUGE printed pages - that is, in some ways I wish I got the Kindle edition! It would be much easer to search, as well as handle the Kindle Edition. Then again, my eyes aren't so good anymore, and I still like flipping paper pages (reminds me why I'm not a Millennial). Also, it's pretty basic and straightforward - for an experienced trader, it is basic, straightforward, and kinda dull...nothing new here. (But then again for an experienced trader, its a good reminder of all the varieties of option plays out there.)

The book goes over every option strategy that you will ever need for whatever situation. It explains, graphs, and walks you through each in good detail. It always mentions the best, worst, and medium outcomes for each strategy, as well as the effects of time and price.2 things I wish I would have seen in the book:- real examples of each strategy in use (or well, at least the most relevant ones)- more explanation of the greeks and examples of them (it barely touches on gamma at all for example, but then again that's the least important of the greeks)Yet the book does tell you in the beginning that it will do neither of those two things, so bummer. Everything else it does a great job at though. I think this is a must have for new, intermediate, or advanced options traders. You will certainly go back to it over and over again as a reference guide.The book is well worth the price. Pay up.

Great

This book is a great introduction to options. The language and approach are very accessible. The way the various strategies are laid out makes for easy reference. BUT... The MAJOR flaw, in my opinion, is that none of the strategies (after the three "rookie" strategies) have numerical examples to illustrate them. The introductory sections do (super helpful and illuminating), but the strategies do not. It would be Very helpful to see an example for each strategy like: "Credit Put Spread: Buy 10 ABC May 65 puts @ .50 and Sell 10 ABC May 70 puts @ 2 for a net credit of 1.50. Max loss: $XXX (ABC at $UU). Max gain: $ZZZ (ABC at $VV)" The numbers would help clarify the strategy and fix it in the reader's mind. Instead the book just states things like "Max profit if stock closes above Strike A. Max loss: premium paid" or whatever.It would be even better to have the more complex strategies numerically compared to the basics (Iron Condor vs simple long or short call or put) to make it clear when they are useful and what your risks are. There is some narrative comparison, but seeing examples would be massively helpful.All in all, I recommend this book as an adjunct to other resources that teach options with numerical examples. A rank beginner is likely to lose the thread once they get past the "Rookie" stuff (covered calls, cash puts, etc).

First off, the quality of the book construction is outstanding! Thick, hard covers bound by a double metal spiral will last a lifetime, as will the photo-grade inner pages. You can pass this one on to your grandkids. The content is written in a reference book style. It opens with a short lesson on what an option is, how they're bought and sold, and defines the unique language terms that options traders use.The bulk of the book is exactly what I was needing - 40 ways to use options to fill various needs for different purposes and markets. Each strategy is clearly described, and instructions for placing and managing each order is laid out with coloring book clarity and simplicity.If you're an investor who hasn't tried adding options to your portfolio, this is a great place to start your experience!As a side note, this item ships USPS; if your local Post Office is a terrible as mine, you might try to find another source. Our carriers are liars, and report the delivery as "on the porch" when in fact it is just tossed over the fence where anyone can see and steal it.