This is the best beginners' option book I have seen yet. It starts assuming that you don't know anything at all, then progresses to bear and bull vertical spreads at the very end. It does not get into advanced things like iron condors, butterflies, calender spreads, ect.
It is kind of written like a novel, but it does have some charts in it to illustrate their points about different strike prices and a little bit on how to read stock price charts.
Before I got this book, I read a ton of articles online and two other beginner books on options, but this gave me the best thorough understanding of it. This helped me understand the basics of it to the depth that I didn't think I would have until actually making trades. The way it is written helps you internalize it since that is how you would learn through conversations and this book is written like a conversation between Lon and Shorty, rather than like most books that just lay it out or talk at you. Not to mention that it is by far the most entertaining financial book imaginable.
So, this would be my #1 recommendation for beginner option books. If you are already familiar with the beginning spreads (collar trades and verticals basically), then you don't need this book.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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