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1. edge says:
   June 18th, 2010 at 2:11 am

   Options are a very powerful tool in investing. Any stock investor is running half blind if they do not consider using options as part of there investment strategy

   This book is a great place to start for anyone who wants to have an understanding of what options are and how they can be used as both speculative and conservative investment tools.

   The author provides a very through tutorial on what options are, what they are used for and how you can used them in your investment strategy. Many examples are presented to insure that each topic is fully understood. In fact there are so many examples that you may want to skip one here and there after you already understand the subject described. However, these examples are great in illustrating the various topics presented.

   The book will be useful for both beginners and more advanced users who wish to know more about the various techniques used in options trading. Having said that, if you are a very experienced options investor who is looking for complex strategies, you would probably be better of with a more advanced book.

   The ideal reader of this book would be a person who has been doing some stock trading and is now ready to move to more complex (and potentially rewarding) options based trading.
   Rating: 5 / 5

2. M. Carpenter says:
   June 18th, 2010 at 2:36 am

   Explaining options from the ground up is hard, and Thomsett gets most of the particulars right… but the book itself is not well designed, making it harder to read than need be. Since no beginning options book is perfect, this one is worth buying. No matter where you start, you’ll need to read more than one book.

   Getting Started in Options does have some very strong points for beginners… presenting the results of a complex trade in a table format (if the stock goes to $40, you make $X; if it goes to $45, you make $X…) instead of the usual cryptic risk profile graphic is good. On the other hand, there’s peculiar misinformation such as the claim that the “striking price” (read strike price) is always divisible by 5. Not true, options come at 7.50, 12.50, 17.50 etc. strikes. And then there are the weird post-split prices. The major points are OK, though.

   However, the reviewer below, who complained that she (he?) stopped reading when Thomsett told her that if she bought a put she wanted the stock to fall, which outraged her, was completely off base. She needs to read this book again, or another. Puts have multiple roles, and Thomsett give several uses. Thomsett started with the simplest case, trading puts. You certainly do want the stock to drop when you buy a put in that case. But if you owned the stock or similar stocks before buying the put,that’s a different purpose with a different objective. That’s a hedge, which is an insurance move, and the reviewer is right… we usually don’t want to collect insurance.

   But this is the kind of mistake that can happen when reading this book, and it is more the publisher’s fault than the author’s. It’s a case of very poor design and somewhat tatty organization. Wiley is an indifferent publisher… if a manuscript comes in strong, OK, but if the author needs a professional editor, Wiley’s not the place to find one. In this book, some key points will sail right by the beginner, others are hard to find. I have the third edition, which even has barely readable light green type.
   Rating: 3 / 5

3. Anonymous says:
   June 18th, 2010 at 4:27 am

   I have bought over a dozen books on option trading and this is the one that I refer to over and over again. If you want to learn about basic option strategies and concepts, this is the book to buy.
   Rating: 5 / 5

4. Cynthia Rennolds says:
   June 18th, 2010 at 5:36 am

   I love the “Getting Started” series on Options, Stocks and Online Investing. Getting Started with Options led me through the basics of learning about Options and with the information I was able to do my first Option trades. I made a little money and lost a little money – but I felt as though I had basic knowledge to work with. One would still need to learn more to successfully trade options ~ but this is definately the place for a beginner to start. I highly recommend it!!
   Rating: 5 / 5

5. Sachin Gaikwad says:
   June 18th, 2010 at 7:50 am

   First of all let me warn you … “You will have to read this book atleast twice!”. Not because of the way the book is written but rather due to the complexity of the subject itself. As you will see, the concept & language behind Stock Options is a bit counter-intuitive and at times weird.

   None-the-less, the Author has done an excellent job of explaining what Call options, Put options are. What levels of risks and potential for profit exists in buying, selling each kind of options. Additionally, the Author has done an wonderful job of suggesting number of interesting strategies of using options in order to generate income, hedge your portfolio. The one relating to tax was really interesting and a novel idea to me at least.

   The only thing I would have liked more in this book is … more examples. More simplified & easy to comprehend examples would have made it even better.

   Overall, it an perfect starting point for any beginner. Read & Apply!

   -Sachin
   Rating: 5 / 5