Trading Options For Dummies

I picked up this book to learn about options as a supplement to my stock investing. The first three times I tried to read the book I thought I was just too tired to “get it.” Yesterday I became absolutely certain that this book is so poorly organized and edited that YOU WILL NEVER UNDERSTAND options and their strategies from reading the text. Moreover, the glossary in the back of the book is incomplete.

Don’t even think about buying this text. It is worthless. I just threw my copy away this morning to insure that no one else would have it inflicted on them.
Rating: 1 / 5

it’s a total SCAM for dummies!

I bought this book over Amazon a week ago, thinking it would help me understand what options trading is all about. just a simple book you know, the kind that you read in the subway and finish in less than three hours, to give you a global idea about the subject and explain where things come from, to make you UNDERSTAND, putting it in a nutshell.

The book complicated my life and made me question my IQ level, until I did a thorough search online and finanlly realized that NEGATIVE reviews were countless! Even Gordon Gekko of Wallstreet movie will find it HARD to understand a single paragraph of this book. What are all those complicated financial jargons about?!!! the author assumes that the reader owns brokerage house in wallstreet or something!

he doesn’t take into account hundreds of readers who know nothing about the subject! Look how he defines “options” on page 10 of his book, under “understanding options” title, and I quote:

“options are financial instruments that derive their value from another underlying asset or

financial measure, because options come in two forms, calls and puts, adding them to your current

investing and trading tools allows you to benefit from both bullish and bearish moves in either

underlying you select. you can do this to limit your total assets at risk or to protect an

existing position. etc.. ”

I think it’s the publishers’ fault not the author’s. it DEFINITELY shouldn’t be placed in a Dummies section. The book fails miserably in delivering what the title promises. Never once in this book will you see a walk through on how to buy a call, how to sell the option, etc, not even one example in numbers on vertical spreads for instance. Verrrrrrrrrry poorly constructed and makes you run in circles.

Now usually I don’t leave feedbacks after buying my books, but this time I felt really ripped off my money by eating the bait of a misleading book title, and I’m totally dissatisfied
Rating: 1 / 5

I wanted something that took me from 0 to 60 in a couple of hours, to explain options in plain english. This book goes from 20 to 120 then back to 40 and up to 80 then back to 10, very poorly constructed and organized.

(My review for Dummies: This book is difficult to follow, jumps around a lot, and rarely satisfies the curiousity at hand)
Rating: 2 / 5

I’ve read many books written for the Dummies series and this one is by far the worst. Fontanills seems to have a very strong personal understanding of options and what it takes to trade them successfully but NO idea of how to teach the basics successfully to others through the written word. I’ve spent entirely too much time going back to reread pages as he glosses over important information, information that is then required to continue to understand the following concepts. After barely highlighting key terms he often then only refers to them by their acronyms, again requiring you to page backward to find the info. Charts are frequently impossible to read and very few walk-through examples are given. He never stops to gather and go over the important information in a chapter or section and often leaves you clueless as to how things apply to the average day trader sitting at home in front of his computer. I like to think that I have more than a basic knowledge of the stock market and how it works but, with that said, way too much prior knowledge is assumed on his part for this too be an introductory book into anything.

These books are not cheap and, as far as I’m concerned, Fontanills owes me some money back!
Rating: 2 / 5

Options for idiots is one of the poorest written books of this series. Its set-up is confusing; there are no sections that delineate options strategies. Half the book is spent reviewing options basics, which is far too long. I think most people buy this book to learn basic option strategies, when to use what strategy, the advantage and disadvantage of each. This type of information is either buried in the book or just not present. This is a “dummies” book I would pass on, you should be able to find far better basic reviews.
Rating: 1 / 5