"The Bible of Options Strategies: The Definitive Guide for Practical Trading Strategies" by Guy Cohen is an extensive and comprehensive guide to options trading that is designed to help both novice and experienced traders navigate the complex world of options. The book is divided into three parts, each of which focuses on a different aspect of options trading.
Part I of the book provides an introduction to options and their properties, such as strike price, expiration date, and the different types of options. Cohen then moves on to discuss options pricing, volatility, and other important concepts.
Part II of the book focuses on a range of different trading strategies, from basic to more complex. Cohen explains the pros and cons of each strategy, and provides guidance on when each strategy is most appropriate. The book also includes a section on risk management, which is critical for any options trader.
Part III of the book includes a range of case studies that demonstrate how the strategies discussed in Part II can be used in practice. Cohen provides numerous examples of how the strategies can be adapted to different market conditions, and also includes a section on how to develop one's own trading strategies.
One of the strengths of the book is its organization. Cohen has structured the book in a logical manner, and each chapter builds on the previous one. The book also includes numerous examples and case studies that help readers understand how options trading works in practice.
Another valuable feature of the book is the comprehensive glossary of options trading terms. The glossary is an excellent resource for anyone new to options trading, as it provides a clear explanation of the most important terms and concepts.
One of the unique aspects of "The Bible of Options Strategies" is the focus on practical advice. Cohen provides guidance on how to select a broker, how to develop a trading plan, and how to use trading software effectively. The book also includes a section on taxes, which is often overlooked in other options trading books.
However, the book does have a few weaknesses. Firstly, the book is quite technical and may be difficult for novice traders to understand. Additionally, some of the examples and case studies are overly complex, which may not be helpful to inexperienced traders.
Overall, "The Bible of Options Strategies" is an excellent resource for experienced traders who are looking to improve their options trading strategies. The book is well-written, comprehensive, and provides a thorough understanding of the subject matter. The book is not recommended for novice traders, but for experienced traders looking to take their options trading to the next level, this book is a must-read.
