Title: Creative Options Strategies That Work
Product review: David Caplan doesn't pull any punches with this book. What you see is what you get. If you want straight forward trading ideas, buy this book. If you want detailed and esoteric volatility analytical tools, buy Natenberg or some of the other PhD's works. What really is great about Caplan is that he is a speculator, he seems to enjoy risk, heck doesn't every options trader. Unfortunately, for most readers, the majority of books on the markets are written for people who despise risk. Caplan exposes a number of techniques that will eliminate a fair amount of the risk that goes with buying outright. However, the best techniques in the book are about selling options. Ask your broker if he agrees and he will probably say no, but I would bet that Caplan has gotten rich on this technique. Sell premium and get rich; buy premium and die broke...
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