Replies to post #73816 on WEALTH UNIVERSITY

[dam]

The only book I've read on options aside from the usual suspects online was Options Trading 101: Theory to Application.

I thought it was really good. It's also very easy to read. The part on synthetic options was the only part that took longer to digest, but that's more advanced stuff.

I highly recommend the book in general. It lays out all the fundamentals and a few specific strategies. That book for the underlying knowledge plus then something like TradeKing's spiral-bound Options Playbook (which details all the different ways you can play options and how the P+L charts for those look.) Note that if you have a TradeKing account, you can read that book for free (which is how I read it), otherwise its $35 on Amazon.

You can definitely play it by the seat of your pants and learn as you go, but that's never been my style. Information is power, and especially where my money's concerned, I think of it as due diligence. :)