Writing Naked Puts (The Best Option Strategies Book 1)

I have over ten years experience with options;still learned and relarned a lot. Two tips. 1.If you are new to naked puts,be careful of your brokerage.I have had to move mine twice because of employee ignorance and prejudice.One sweet, young voice thought I was a porn caller. Etrade has been excellent 2.Stansberry&Accociates is a good source of information on naked puts,especially their Alpha letter.

I really liked Wolfinger's book, "Rookie's Guide to Options", but this short handbook leaves much to be desired. If you know next to nothing about writing puts the book is ok, but it suffers from the same flaw that many options books share. Very little information on strike price selection, which is the most important factor that determines the trades success. Wolfinger does mention that the further out of the money the strike price, the more likely the put will expire worthless, but he doesn't mention the use of volatility calculators that can help you determine this probability. Google "option probability calculator" for a free probability calculator that every options trader should use.He also suggests you should look at support levels, but nothing more than a passing mention.My second complaint is that for an "advanced" options book I would expect more on trade adjustments. He does say that if the trade moves against you your options are to close the trade or roll it, but no mention of another good adjustment strategy...a delta neutral hedge.If you have read a few options books, most cover the basics of selling puts. This book also just covers the basics, so you can probably skip it.If you want to see a real trader make real trade adjustments pick up "Generate Thousands" by Samir Elias.

A basic put selling book. Book is titled naked puts, but author endorses cash secured puts. I had hoped for a closer look at naked puts specifically. Short book here, took me an hour to read. You're better off watching tastytrade videos.

Selling a put is easy. The concern is how to stay out of trouble when markets move against you. This is an excellent book because it tells you how to stay out of trouble and what to do if and when you get into a troublesome situation.

While it covered the topic, I felt that it was too basic to be useful. More time should have been spent on stock selection. But I gave it four stars due to the fact that it is a good BASIC primer on puts.

Mark is very knowledgeable. I loved that he got right to the point in this short book. Useful content for short put traders. Nothing revolutionary, but solid.

The vast majority of the advice given was "Pick a stock you'd like to buy" or "Find a strike price and expiration that aligns with your goals". Way too basic to be of any practical help. Should have indicated which technical indicators to look for before writing the option, IV rank of the underlying, 16 vs 30 Delta positions, monthly vs weeklies, etc etc etc. Very disappointing there wasn't more specific guidance.

This is very much a beginner's book. If you know something about options and nothing about naked puts you may get something out of this book. Don't look for any useful strategy beyond the very basics. If that is what you need, then fine.

This book is too basic and short, and I will NOT recommended it to "trader who already has a basic understanding of how options work". The informations provided are too simple and if you have a basic knowledge about options this book doesn't teach you anything new.

I was hoping for discussion on PUT ladders, ways of adding downside protection and some tools to analyze PUTs in terms of likelihood of expiring worthless. Theta/Vega/Gamma aren't discussed. This is a one step above novice/beginner level book.

Direct to the pointGood one

Few practical guidelines for managing option positions. Very useful to me.Not suitable for beginners.Suitable for intermediate level traders