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Product Description The first edition of The Only Options Book You'll Ever Need became a world-wide option trading classic in less than a year and continues to experience strong worldwide sales. Several option trading instructors recommend this book to their students as an essential reference options traders. And indeed, this book has led many of its readers to the achievement of steady incomes. One reader who had never traded options quadrupled his sizeable brokerage account in 21 short months by following the trading rules and using the strategies in this book's first edition. In this second edition, the previous trade examples have been updated with more recent ones, and several of the strategy descriptions have been expanded. For example, the popular butterfly option strategies now include balanced, unbalanced, broke-wing, and two-step butterflies. Trade salvage techniques, such as "legging" vertical calls or puts into butterflies as a trade management strategy, is also detailed. In addition to new hands-on option trading activities, an expanded and more descriptive option strategy reference has been updated to incude recommended IV% and Delta values, strategy goals, trade management techniques, and profit and stop loss recommendations. The risk profiles and option chain illustrations have also been enlarged for easy reading. Chapter 16, Trading Options on Small Accounts, has also been expanded. This chapter now provides descriptions of sixteen different options strategies that can be used with small accounts such as rollover IRAs. Review 1. Over my 16 years of trading I have purchased and read several trading books. Among all of the books I currently own by far the most comprehensive compilation of option trading knowledge is my last book, The Only Options Trading Book You'll Ever Need. This book covers virtually everything options traders must know to become successful, To get the same information from any of my other books I would literally have to refer to multiple books in my trading library. Russ Stultz's book will be my go-to-book and reference resource on options trading for the remainder of my trading days. 2. I purchased this book and am glad I did. It is a unique combination of a textbook for learning (at all experience levels) and a desktop reference. Aside from those attributes, the explanations of the concepts and strategies are clear, concise and give enough detail to fully understand what you are doing and what the outcomes are. It accomplishes this without cluttering things with unnecessary math and obscure details. Of particular usefulness was the appendix with the definitions of terms and the "Option Strategy Quick Reference." Those two parts of the book provide an easily accessible reference that avoids the need to page through the book looking for what you want. I have traded options for five years and was surprised to find information in the book of which I was unaware. This book was well worth the investment and certainly replaces a number of investing references on my bookshelf. 3. I love how this book is plain English style. Plus covers the whole spectrum of Options. Like an easy to read and reference Options. Definitely worth the price. I wish I would of bought this one before spending Thousands on all the other confusing books, plus taking all the time to search google for answers. Why not just get this book and learn from scratch. Author assumes no previous knowledge, but if you know the basics and want to get a better understanding of Options, before committing hard earned funds to Trading. This book is it. Just buy it, you will be glad you did. Search is over. Thanks for helping me get closer to my Million Dollar Dreams. 4. This is a great book for anyone interested in learning the craft of options trading. The author is well practiced at writing instructional manuals and this shows in this book. I'm about 2/3 of the way thru the book and, not having had experience or prior knowledge of