10 Best Option Trading Books in 2022

Traders who regularly trade commodity futures markets have a particular fondness for options trading. Trading options can be intimidating, but it is an integral part of a diversified portfolio. Options offer investors a relatively low level of risk. Excited investors tend to overlook options trading, however.

Intro

Stock options trading has become increasingly popular and sophisticated, which has led to a proliferation of jargon associated with options. You may be familiar with the term "options sweep." A sweep is generally a large order divided into several smaller orders filled more quickly on multiple exchanges.A type of trading that occurs in the options market is options trading. Essentially, an option is a contract that gives the buyer the right to purchase or sell an asset before a specific date. Options are used to forecast income, hedge risks, and speculate.

Trading options on the stock market can be profitable, including making them more attractive than stock traders. Option trading is also less risky than stock trading. You can find out if an option trading is suitable for you by reading what the experts have said and how they've done well by trading options. We've done significant research to find you the best options trading books. Additionally, you will also come to know what an option sweep is? An option sweep is a market order split into various sizes to take advantage of the best contract prices available across all exchanges. The trader is “sweeping” the order book of multiple exchanges until the order is filled. These orders print to the tape as numerous smaller orders are executed just milliseconds apart. When tallied, they can often time add up to some serious size. These options sweep orders are beneficial for institutional traders who prefer speed and stealth.

It isn't easy to choose those worth your time and effort among so many books published today.  Check the list of the top 10 Best Options Trading Books for 2022 that you should read. Our personnel has carefully chosen the following books after months of reading and consideration, so you can trust that each is fascinating and will be worth your time. Options should be used in investment endeavors. Beginners should not attempt to invest in options as quickly as stocks, shares, or even property. Therefore, options trading books are geared towards a more experienced and financially literate readership than average investing books.

10 Best Option Trading Books

1 Crash Course of Options Trading

Frank Richmond's -The #1 Beginner's Guide to Make Money With Trading Options in 7 Days Or Less! 

About the book

A few simple strategies for trading options in this book explain how they work in the real business world.

Book review

Traders who are new to the options market can have difficulty understanding the market. You must understand what options trading is all about if you intend to get started. The author of this book discusses how to generate healthy profits by utilizing various trading strategies. Identifying patterns will also be taught in the market, recognizing good investment opportunities, and taking advantage of them. After finishing, you'll discover that understanding the fundamental principles of the options market isn't as difficult as it seems.

Key Takeaways

• This is an excellent book for beginners since it explains the basics of the options market from the ground up.

• The purpose of this book is to collect several fundamental concepts in one place.

• It is a simple, straightforward, and easily understandable book.

2 The Options Playbook by Brian Overby

Book Review

It was intended to simplify options trading and offer guidance to investors for trading under various market conditions by making this top Options Trading book a reality. This book discusses more than forty option trading strategies in an easy-to-understand format, which will enthrall and involve readers. Throughout the play, a uniform structure will provide information on:

• Considering and implementing strategies

• Expires at break-even

• Trade Execution Sweet Spot

• Loss or profit potential maximum

• Margin money is needed

• Constrained time frame

• Volatility implied

A total of 10 new plays are included in this expanded edition, along with 56 new pages describing:

• An overview of the options available

• Options traders make five common mistakes and how to avoid them

• Extensive Glossary

• Defining the differences between index options and stock options

• Exercise and assignment management in the early stages

• The position delta is calculated and used to manage overall position risk in multi-leg option strategies.

Key Takeaways

The Options Trading Book is written so that both novice and experienced traders can benefit from it. It is straightforward to understand. The course helps to cover the basic definitions and concepts needed to understand the market, especially for new traders, and suggestions on avoiding common beginner's mistakes.

The book focuses on Implied Volatility with a detailed section on Option Greeks, which will help the reader understand how the market condition impacts option pricing.

3 Options Trading: Quick Start Guide by ClydeBank Finance

Book Review

Despite its simplicity, this Best Options Trading book provides a wealth of information in an easy-to-read format. Throughout the book, it explains how a trader thinks and how they resolve critical decisions, illustrating a variety of strategic trading decisions. As a result, the trader should be ambitious and strive to become a formidable, innovative, and cunning options trader. The book includes the following chapters:

• Options: The Basics

• Fundamentals of trading call and put options

• Trading Options: A Sound Strategy for Beginners

• Prices of options are affected by several factors

• Options Greeks: Their importance

• Under different market conditions, prevalent and complex options strategies exist.

Key Takeaways

Whether new to options or a seasoned veteran seeking a new approach to basic strategy, colorful scenes, clear language, and a plain-spoken style make this book memorable reader engrossed and motivated to learn more.

4 Options Trading in Your Spare Time by Virginia McCullough

Book Review

It describes and encourages women to succeed as options traders regardless of whether they hold a full-time job or are full-time homemakers. You will learn how to execute from this book trades online and what it takes to be a successful trader. It offers a step-by-step guide in an easy-to-understand language for beginners and advanced investors. Though option trading is not a risk-free investment method, for women who have limited spare money to invest, options trading can be a very lucrative method to make money.

Key Takeaways

Especially for beginners, it is interesting to see neat charts and candlesticks, which show the performance of the options. It has been excellent guidance regarding the purchase of calls and puts. The readers identified a few other caveats, such as making the charts more colorful or including some strategies that could have made it more interesting. It is a must-read for those with a limited risk appetite and a desire to explore the market.

5 Cameron Lancaster's - How to Make a Million Dollars Trading Options 

Book Review

In this book on Options Trading, the author does an exceptional job of teaching readers how to trade options, despite being a relatively short read? With ease. Profiting from options trading is the truth is clear and straightforward. It exposes the secret of options that Wall Street has hidden. It highlights that options do not reflect the stock's chances of going up or down and put/call parity exploited.

The important concepts highlighted are:

• Basics of Options

• Volatility / Put-call parity

• Option Expectations

• Expectations

• Expectations: Risk Management and Trade Size

• Source of trades and where it comes from

• Additional trading tips

• How to avoid losing money as an option trader

Key Takeaways

It is a book on options trading that has been highly recommended by traders worldwide, regardless of their experience level. It was controversial since e-mailed it to Wall Street hence was printed to the outer world.

6 The Complete Guide to Option Selling by James Cordier/Michael Gross

Book Review

Recent decades have seen a massive change in how investments take place. Buy-and-hope strategies have replaced Buy-and-hold strategies. In today's time, many factors can affect the performance of investments. Investors should consider all macroeconomic factors before committing or increasing any investment. Using this guide, you can transform your entire approach to building a high-yield portfolio based on the best practices of the pros. The comprehensive guide provides step-by-step instructions to help you earn steadily high profits even in choppy market conditions. The below book's aspects are essential for better focus on:

• Option Selling Fundamentals

• The Strategy of Option-Selling and the Risk Management it Involves

• Analysis of Markets and Writing of Options

Key Takeaways

It stresses that selling options are less excusable and stressful than direction and traditional trading strategies. Greece's complex mathematical calculations were extensively discussed, making them more practical and less theoretical. 

In addition, this book will briefly discuss seasonality and fundamentals for commodity futures and others. Premium selling is a common strategy in getting a niche in the market as it puts the odds in the trader's favor.

7 Options as a Strategic Investment by Lawrence G. McMillan

About the book

Many new and strategic investment management opportunities are provided by listed options and non-equity option products in the book. Moreover, you can use the most current market-tested tools to maximize your portfolio's earning potential while limiting its downside risk regardless of market conditions.

Book review

The book provides a directional view of the market and is one of the best qualitative books available on options strategies. In straightforward terms, it explains the complex topics of options investing. The article also discusses constructing different classic options strategies and why they work despite market movements. The guide contains a plethora of tried-and-true business tactics and proven techniques that you can use in expanding your product portfolio with innovative and fresh options. In addition to examples and exhibits, the author has also provided information that helps you better understand each strategy. It will be apparent to you after reading the book that there are several options strategies you can use to earn profits regardless of the market outlook.

Key Takeaways

• Trading options is something you should consider if you plan to do so, then this is a must-read book as it serves as a guide and a reference book.

• This comprehensive book explains different concepts and applications of the available options strategies.

8 Trading Options For Dummies by Joe Duarte

About the book

In this book, learn how to select the best options trading strategy for your investments. This course will teach you how to pick the best option trading strategies to run a cost-benefit analysis to build a strategy that will always win regardless of market conditions. 

Book review

If someone is looking for a good book that explains trading options' basic principles and strategies, this is the best choice. By reading this book, professional investors with an understanding of trading can gain a deeper Know the risks, associated profit profiles, and the associated risk factors of new techniques. The author provides a detailed explanation of how options trading can be used for risk management. A lot of the information in the book will be helpful to you if you plan to become a trader soon, including technical analysis, exchange-traded funds (ETFs), and trading strategies. As a result, the author provides you with enough theories to grasp quickly and put into practice.

Key Takeaways

• This book has several chapters about options trading, which can serve as a useful reference.

• Beginners should not buy this book. To benefit the most from the explanations presented in it, you should have some knowledge about trading.

9 Get Rich with Options: Four Winning Strategies Straight from the Exchange Floor by Lee Lowell

Book Review

This book is a reliable guide that offers in-depth insights and expert guidance to help traders achieve optimal results within the options market. After covering the basics, the book will cover four options-trading strategies, which have helped him make money in this arena over the years. Here are the strategies:

• A call option deeply in the money

• when selling naked puts

• when selling credit spreads

• when selling covered calls

Key Takeaways

Real-life examples show how options are used for hedging, speculation, and even income generation in this Best Options Trading Book. It will broadly cover up:

• Here's a detailed explanation of how each strategy works.

• A guide to setting up your own home-based business with the best options trading software, websites, and tools. 

• Traders can make use of Delta and Volatility in several ways.

10 Rogue Options

Book Review

Traders can make money online by trading options in this Top Options Trading book, which will provide fine details and clear images to enhance the information. Those who want to make money through online trading do not need finance or technical background to implement these techniques.

The author explores several options strategies for consistently earning money online in depth. There are detailed instructions for how each trade is set up within the trading software and what each business does. A detailed instruction manual on profitable trading strategies has been included with step-by-step instructions with screenshots. Despite not being a guaranteed strategy, the author is confident that traders can gain success with as little as $50 invested in the options market.

Key Takeaways

Many traders who have read this book have highly rated its contents, as it can be implemented in most options strategies under various circumstances. It includes several Scanning setups which are free to use as part of this awesome trading book. Therefore, it will improve the practical knowledge, and the way the trading platform should be handled will also be improved.

Final Thoughts

Overall, option trading is a great, unconventional way to profit by trading in the market. Reading up on starting and using successful strategies can help an investor gain a steady income from options trading. It is not widely popularized that all investors are aware of options trading. We found 1000+ trading book products during our options trading book research and shortlisted ten quality products. Among the most popular options trading books are those priced at $20.

People are prone to bias when researching topics, especially when there is no exact answer. Investing in options books shows you options for everything from speculative betting to portfolio hedging. Get all the information you need and become an expert trader! A new book can help you improve your options trading strategy whether you're a beginner or an advanced trader. Even though they may appear dry, they are written in a narrative format to keep your attention and interest. Pick your favorite, read on, and learn options trading today.