All Trading Books

In 2007 over 400 million equity option contracts were traded but it is a volatile market, prices are ever changing with supply and demand – the only certainty is that they will change.  With little knowledge or experience, an uninformed decision can quickly drain capital.  This book explains equity options from absolute basics, assuming no prior knowledge of the subject.  It shows traders starting out and already using the exchanges how to enhance their equity portfolio by using the whole range of investment opportunities and tools available.  This will help investors to reduce their costs, enhance returns and manage price risk with certainty and precision.

• Equity Options Explained is a practical guide to trading equity options, supported by Liffe (part of the NYSE Euronext exchange group).
• Written by Bill Beagles, a well known, highly experienced trader and trainer, creating a unique combination in this area.  Bill is still highly active in the markets, which brings a practical perspective to his training and the books.

User Reviews about Equity and Index Options Explained (Wiley Trading)

A distinctive feature of the book is its lack of equations. The author chose to explain many aspects of options without resorting to equations. Hence no writing of the seminal Black-Scholes equation, let alone its derivation. Likewise the Greeks are gone into, alpha, beta, gamma, vega etc. But for each there is instead an extensive qualitative description.

What this means is that the book won't suffice if you want to devise new instruments based on these options. But if you want to trade, the author makes the good point that a qualitative understanding should suffice. This is probably true for many day traders. Where the software you are using, perhaps on a Bloomberg, actually has an implementation of the necessary equations and so handles the quantitative aspects.

The book can thus expand the accessibility of options to a non-mathematical audience.
-- no equations !