Understanding Options 2E

I believe the author is a Sincere man (pun intended) and he writes well. This is a good little options book that explains things so a common investor can understand and apply. Although the CFA exams teaches candidates how to construct payoff diagrams and other equations, I found this book more practical to learning how to profitable trade and invest in options. I couldn't put it down and read the book in a day. I also recommend watching Tasty Trade videos and the following books:
+The Complete Guide to Option Selling: How Selling Options Can Lead to Stellar Returns in Bull and Bear Markets, 3rd Edition
+The Intelligent Option Investor: Applying Value Investing to the World of Options
+The Complete Guide to Option Strategies: Advanced and Basic Strategies on Stocks, ETFs, Indexes and Stock Index Futures
+Trading Options Greeks: How Time, Volatility, and Other Pricing Factors Drive Profits
+The Option Trader's Hedge Fund: A Business Framework for Trading Equity and Index Options
+The Option Trader Handbook: Strategies and Trade Adjustments

This is another great book for folks who are looking to start trading options. I would not use this as my first book though. Options Trading: Quick Start Guide is perfect for a first book to read. This is an excellent book once you get your footing on terms and understanding the easy strategies or calls and puts. This book gives you some more information on knowing how to use the different strategies and why.

This book is very easy to read and provides a wealth of information. This is one of a few books that I keep handy to use a reference when doing my own practicing with stock option trading or when reading other books. So far I am still focusing on the easier options trading strategies so I have not done more than a cursory read of the more advanced strategies because it is too soon for me to even worry about those. I have to master the easier strategies before moving on to more difficult trades.

If you are new to option trading, this is THE book for you. The way the data is presented is easy to relate to and he gives examples complete with charts. He has suggestions as well. I've been trading stocks and bonds for decades but I want to get into options and this is the best way to start. When you sign up, your broker sends you a booklet that goes into detail about the risks of options, but leaves very much to be desired. The Sincere book fills in the gaps big time. I highly recommend the book.

Great instructions on a complex subject, including how to start slowly and carefully. It's already made me thousands of dollars in a flat market.

I didn't know anything about options, and I was shocked to find out that they can actually reduce the risk in a portfolio, rather than adding to it. It's a very practical, down to earth book that I know I'll be referring back to as my expertise grows. Right now, I'm just selling covered calls.

This is the first book that I read on Options.
From my experience the options concept is not easy. I have a math background and am pretty good with numbers but I learned that "Options" is not one of those concepts that you could master by reading a book or two. however this book will give you a great foundation on the subject of options. It's easy to read, covers most of the strategies and has a lot of great advices.
I recommend it to everyone especially beginners.

I approached this book with relatively little knowledge about options trading outside of simple puts and calls. This book is very strong at reviewing the background of options trading, it's history and how basic puts and calls are used today (with a light foray into derivatives on futures which are similar to options). From there, the book takes a heavy right turn into intermediate and advanced option trading strategies.

Things get really interesting at the point where the discussion of Bear Call Spreads and Bull Put Spreads begin. My only criticism with this book is that many of the examples are verbal and can be hard to conceptualize. The overall strength of the text would be improved by including more graph and/or purchase screens showing how each order is entered and exited.

I've also read Understanding Stocks by Michael Sincere and I'm a huge fan of his simple, friendly approach to discussing equities, ETF's and options trading. If you're looking for a great overview on how options work, this is the THE text. You'll want to supplement concepts in the text with paper trading to learn the ropes.

The first 2/3 of the book presents to the reader the terminology and the mechanics of investing in options. It is well written and I found it easy to read and the pages are laid out well. I have not delved into the more intermediate/advanced part of the book (with option spreads etc.) as I'm not really that interested in it. However I have skimmed a few of the advanced trades and they are explained in every day language and I had no trouble understanding the concepts.
I would like to emphasize, as other readers and the author have said, that you shouldn't be investing in options if you do not have experience with buying and selling individual stocks. The same reason you would by an individual stock is the reason you would buy an option. If you do not understand what a good stock is, and how prices of stock move, then stay away from options and go buy a good stock book.
Anyway, after brushing up on a few things with this book, I went out and bought some calls which is very easy and straight forward to do (do not pay the ask price, I put in buy prices halfway between the bid and ask as the author said to do and they were filled immediately by my broker).
Best of luck with your future investments.

I own both editions of Understanding Options by Michael Sincere. The second edition does add more relevant information. Let me tell you what this book is: it's a good thorough primer for beginning options traders. It explains what options are, how they work, fundamental definition/concepts, and the common strategies that are most widely used among option traders. Sincere presents this basic, albeit sometimes complex, material in a easy-to-understand format. He keeps things moving at a nice pace also that doesn't drag too much.

What this book does not and is not suppose to do is teach you the way to trade options. You might understand options better by reading this book but do not think for a moment that, if you're new to the market and haven't yet mastered stock investing and trading, that for one second you'll get rich quick by reading this book. Options, after all, are derivatives of the underlying security. If you don't understand how to profit from the underlying then you're definitely not going to do well trading derivatives.

Overall, it is definitely one of the better books I have read (and I've read quite a few) on basic and fundamental options education.

Was looking for a broad overview and intro to options, and someone online suggested this. It covers all the basics of options, goes into basic trading strategies in detail, and introduces some advanced strategies. It is sometimes a little repetitive, but a quick read and very easy to understand. If you're looking for an intro or something that isn't at all technical/mathematical/textbook-y, this is a great choice. The book also has recommendations for more advanced books to read next.

I knew what options were before buying the book. That is to say I knew what a put and call was and buying and selling them covered and uncovered. But, I didn't know the terminology that was used for anything more advanced than that and this book covers that in detail, describing more advanced strategies that options can be used for. The terminology was specifically what I bought the book for and it satisfied that purpose.

The author also provides insight into what, for beginning users of options, might be poor ways to use them and suggests that whatever you do that you have a plan both about starting a play and then ending it. Besides that I like that in every scenario that he discusses he constantly reminds then reader that option trading is very risky.