10 Reviews: Best Books on Options Trading (Apr 2024)

Begin with the first book by a best-selling author and educator, Brian Overby. He is a senior options analyst with more than 20 years of experience in finance. Then, he writes The Options Playbook to expose options trading and show all types of different plays under all market conditions.

Well, this book is perfect for all beginners or advanced with easy-to-read explanations. This book also shows common beginner mistakes with the basic definitions. Plus, this book offers more than 40 options and strategies in a detailed section.

"A great book and guide for those who are starting off."

by Vincent

Introduce the best-selling book that has sold over 200,000 copies, Options as a Strategic Investment has been updated and revised in the fifth edition. This book is written by Lawrence G. McMillan, a professional trader and founder of McMillan Analysis Corporation.

Moreover, this book provides strategic opportunities on how to manage or control investments. Also, this book shows the way to improve the potential of downside risk no matter the conditions. Plus, all the sections are well-written to make the readers easily understand.

"Easy to understand. Put everything into perspective. Highly recommend."

by Sheldon

On the third options trading, let’s get the great experience and value by reading the Understanding Options 2E. This is the second edition, which provides all you need to know about trading. You can learn how to avoid some mistakes that can harm your investment, recognize the profit, maximize returns & limit risk, and so on.

In addition, this is the ultimate book with well worth the cost. It is well-written by a full-time columnist & writer, Michael Sincere. Also, this book has 322 pages with detailed explanations and multiple examples. All the materials are practical, so you can obviously grasp the key points.

"This book does a great job of walking you through many types of options trades. Highly recommend."

by Ryan Budil

Learn how professional option traders handle the market with Option Volatility and Pricing by Sheldon Natenberg. With the comprehensive guide for both new and experienced traders, it’s no surprise that this book is a bestselling. Also, this book has been updated to the second edition with a brief explanation.

What’s more, this book is one of the best options trading book strategies which help you to upgrade your new skill. And, this book comes with a strong theory, making it a bit technical yet readable. Plus, it is a great book with well worth the money.

"Best book available to understand equity options and other derivatives.........."

by T. Allen

Covered Calls for Beginners is a great options trading book when you’re worried about the current market uncertainty. This book covers all the strategies and techniques for your investment, no matter what happens to your stock. In short, this book explains the 6 criteria to select the best stocks to write covered calls on, 3 rules for adjusting your covered call, how to begin with covered calls, and so on.

Obviously, this book is great and useful even if you’re new to stock investing. And, the author explained with a great writing style, clear and easy to read. Also, you’ll allow accessing the 7-part video that you can get from inside the book. So it will enhance your understanding.

"........So if you're still new to stock investing, this might go over your head a little bit. His writing style is very clear and easy to understand....."

by Pia S.

Options Trading for Dummies is clear and precisely written by Joe Duarte, MD. This latest edition shows the most comprehensive analysis and trade options like a pro. Also, this book provides trusted guidance for everyone ready to join the options trading.

Moreover, this book contains some of the best strategies and methods for technical analysis. Plus, you can explore more about equity, index, and ETF options. With 416 pages, this will be an excellent book to begin your journey or to refresher your knowledge.

"I’ve been options trading for a few years, this is comprehensive for first timers and a good refresher for someone already trading."

by LJ

Next, this 2nd edition of Trading Options Greeks will help you to explore dynamic options and boost your trading skills. The author, Dan Passarelli, is an expert in options trading. He has numerous experiences in the world of finance, trading, market markers, etc. This 2nd edition is available in 368 pages.

In short, this book explains how to read the uses of the greeks, like delta, theta, rho, gamma, and vega. You’ll learn how to apply them properly in a good way. What’s more, this book skillfully covers advanced options trading, synthetic options, and others.

"This book was teeming with useful tips from cover to cover.With the intermediate trader in mind, Dan Passarelli packed a ton of concepts into each chapter, clearly explained with charts to boot...."

by HelsinkiStationChief

Next, go with The 3 Best Options Strategies For Beginners by Freeman Publications. This is the ultimate guide which contains three books: Iron Condor Options, Covered Call, and Credit Spread Options. All these books are specially made for you who are new to trading.

In addition, this book is full of informative material on each page and is easy to read. Also, this book provides straightforward examples to help your better understanding. Thus this is the best solution if you are eager to learn trading step by step.

"Great book,very informative and easy to understand. Highly recommend it."

by Randall R. Edwards

The Option Trader’s Hedge Fund is more than just a book, it is a business plan. Yup, this book shows you how a business work for trading equality and index options. Also, this book comes with real-world examples of managing your own fund and making consistent profits.

On top of that, this book is written by two expert authors with a lot of business finance experience. They provide valuable information in great detail with some complex strategies. Page by page, it describes in extremely clear, so you won’t waste your precious time.

"Great explanation of principles of options selling and why one would do such a crazy thing...."

by Roman

Last of all, this updated 2nd edition of The Option Trader Handbook is a worthwhile investment in options trading books. This book is well-written by Geroge Jabbour and Philip Budwick with fresh material. Therefore, you can boost your skills to make better trading decisions.

What’s more, this book offers great informative solutions for minimizing risk with the right strategies in options trading. Also, this book gives essential insights to more complex options combinations. So, whether you’re a new or advanced trader, you can try it.

"This is an excellent book to go that next step after any of the first level stock seminars. It does a great job show you how to protect your play and preserve your money......."

by S. Buford