Options Made Easy: How to Make Profits Trading in Puts and Calls Paperback – January 18, 2008

Great book. Explains the basics of Options trading. What it doesn't tell you is that it's a great way to lose your retirement savings fast. Good read!

I bought this book "Options Made Easy," in haste as a father's day gift. My retired dad's new hobby is investing. This book Options Made Easy is a VERY dated! Its author was born 50 years before my dad, (W.D. Gann's was born in 1878, died 1955.) The author may be an icon in investing history but this book is poorly written and so dated that it is a JOKE! I presumed that W.D. Gann's theories were updated to the modern era of real-time Web trading and low cost transactions. Why did I assume that the book was updated? Because it says copyright 2007. The material is comically out of date. There is nothing in its description to clarify that it is dated and I conclude written in the early 1930s. Examples of Dated Content,There is no mention of the Internet or the Web; the book says "if you live outside of NYC you can give an order to your local broker and he will buy puts and calls for your account...when you want to sell, the broker will take care of the transaction for you." WOW! The section titled Put and Call Brokers on page 24 is laughable. Then page 25 states that you can send your check or money order to your Put and Call Broker and he will buy puts and calls for your account.Someone at the Richest Man in Babylon organization, slapped this old material together with a 2007 copyright date. They could have hired an editor to update the content to current options market reality or at least make clear that is was written in the 30s. Page 25 notes that you can get quicker service using Postal Telegraph or Western Union! The book talks about buying Chrysler, GM and U.S. Steel at $100. Pages 34 and thereafter mentions Chrysler on February 3 1936 to June 5 1936. Page 69 Douglas Aircraft...there is a piece of history...ancient history. Save your money! Do NOT buy Options Made Easy...unless you are buying it for a bit of history and some laughs. The concepts have not changed but the systems certainly have changed and have empowered the individual investor.Fortunately, I also bought my dad Understanding Options by Mike Sincere...so this Father's Day I can contribute to my dad's continuing financial education.