Readers reviews of The Secret of Writing Options
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This is a clear introduction to where the real money is made in options trading. Most
people who trade options lose money because they are buying hope. The people who make
money are those who are selling hope, and they do this by writing options. Bedford shows
how this is done in an Australian context. She includes the nuts and bolts of order
structure along with a down to earth explanation of the risk involved.
Many options traders are blinded by the mathematics of options, but Bedford shows how
the option writer makes effective use of the psychology of the market to lock
in profits. This is not the attractive leveraged income enjoyed by just a few successful
option traders. This book shows how steady profits are ground out day after day by option
Writing options is one of the very few ways that traders have of creating a market.
This permits a variety of risk control and hedging strategies only available to option
writers. This is one of the more useful books in this area. Anyone thinking of trading
options should read it.
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