Excited to start your trading journey with Best Books on Options Trading in India 2024 ?
What is Option Trading in Stock Market?
Options trading is a derivative strategy that involves buying or selling the right, but not the obligation, to buy or sell an underlying asset (such as stocks) at a predetermined price within a specified time period.
Options come in two main types: calls (for bullish bets) and puts (for bearish bets).
Read in Detail: What is CE and PE in Option Trading 2023? Practical Examples
Let’s start with 7 Best Books on Options Trading in India 2024
If you want to learn option trading for Free, you can start with 7 Best Youtube Channels For Trading In Stock Market Beginners In India 2023
1. The Options Wheel Strategy by Robert Ward
This option trading book introduces the Options Wheel Strategy, a systematic approach to generating consistent income from options trading. It focuses on reducing risk and increasing the probability of success.
In this book, you will learn 6 criteria we use to select the best stocks, 3 rules for adjusting your covered call, how to use covered calls to lower the purchase price of stocks you already own, and the only 3 technical indicators you need to know for credit spreads and so on.Â
Even if you know nothing about options and are still interested in learning a specific strategy to generate income through options trading, this is among the best books on options trading in India to start your options trading journey.Â
| Author | Robert Ward |
| Page Length | 156 |
| Reviews | 4.4 |
| Buy Link | The Options Wheel Strategy |
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2. The Ultimate Options Trading Strategy Guide for Beginners by Roji Abraham
Do you know why the majority of retail stock traders stay away from trading in stock derivatives such as options? Because they believe trading in options is too complex and too risky.
But, why do they think so? The major reason is the half-baked knowledge that traps them in substantial losses over the long term and eventually, they give up.
This is one of the Best Books on Options Trading in India for every person who wants to start their journey into options trading to earn a steady part-time income with minimal risk.
| Author | Roji Abraham |
| Page Length | 130 |
| Reviews | 4 |
| Buy Link | The Ultimate Options Trading Strategy Guide for Beginners |
3. Trading Options for Dummies by Joe Duarte
Trading Options For Dummies among the best books on options trading in India helps you choose the right options based on your investing needs. The book covers to build a strategy to gain, build your retirement portfolio with index, equity, and ETF options.
If you’re an investor with some general knowledge of trading but want to be an expert with a better understanding of risk factors, and new techniques to improve overall profit outcomes, Trading Options For Dummies is the best option trading book in India for you.
| Author | Joe Duarte |
| Page Length | 416 |
| Reviews | 4.5 |
| Buy Link | Trading Options for Dummies |
4. Trading Options Greeks: How Time, Volatility, and Other Pricing Factors Drive Profits by Dan Passarelli
Greeks’ knowledge is essential to sustain long-term options trading success. The book shows you how to use the Greeks to find profitable trades and manage them effectively. Thus, ultimately, become more profitable.
The option trading book contains trading strategies that seek to profit from volatility, time decay, or changes in interest rates. Additionally, the use of new charts and examples makes the book more interesting. A must option trading book in our list of Best Books on Options Trading in India to try advanced option trading. Â
| Author | Dan Passarelli |
| Page Length | 357 |
| Reviews | 4.5 |
| Buy Link | Trading Options Greeks: How Time, Volatility, and Other Pricing Factors Drive Profits |
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5. The Options Playbook by Brian Overby
The Options Playbook was made to make options trading easy to understand. The book contains chapters showing investors different ways to use options in different situations in the stock market.
It explains more than 40 popular options strategies in a simple step-by-step way, without using confusing words or unnecessarily complicated stuff. It’s like a guide that breaks down these strategies so anyone can understand and use them.
If you are a first-time option trader The Options Playbook provides the basic definitions and concepts you need to understand this market, tips to avoid common beginner’s mistakes.
| Author | Brian Overby |
| Page Length | 158 |
| Reviews | 4.2 |
| Buy Link | The Options Playbook |
6. Option Trading in Your Spare Time: A Guide to Financial Independence for Women by Wendy Kirkland
Option Trading in Your Spare Time: A Guide to Financial Independence for Women by Wendy Kirkland is specifically toward women. This book describes how to be a successful options trader along with a full-time job or even begin as a homemaker.
This book teaches you everything you need to know about option trading in simple steps. It’s good for both beginners and women having knowledge about trading.
| Author | Wendy Kirkland |
| Page Length | 240 |
| Reviews | 4.1 |
| Buy Link | Option Trading in Your Spare Time: A Guide to Financial Independence for Women |
7. Options as a Strategic Investment: Fifth Edition by Lawrence G. McMillan
Options as a Strategic Investment is another one of the best books on options trading in India that covers the latest market-tested tools for improving the earnings potential of your portfolio. The book has all aspects covered to make you a successful trader no matter how the market is performing.
This best book on options trading in India is written especially for investors who have some familiarity with the options market like how they work, in which situations, and why.
| Author | Lawrence G. McMillan |
| Page Length | 1072 |
| Reviews | 4.6 |
| Buy Link | Options as a Strategic Investment: Fifth Edition |
Options Trading Crash Course: The #1 Beginner’s Guide to Make Money with Trading Options in 7 Days or Less!
The bonus in our list of best books on options trading in India is the Options Trading Cash Course which will teach you to make money with trading options in 7 days or less.
Just give it one week and you’ll triple your chances of making a profit on the options market with the help of option trading books. Give it a month and you’ll see you’re not just confident enough to make investments at will, you’re doing so in the right way to make a tidy deposit into your trading account.
All the methods provided in the book have been proven to work – a hundred times over.
| Author | Frank Richmond |
| Page Length | 114 |
| Reviews | 4.1 |
| Buy Link | Options Trading Crash Course: The #1 Beginner’s Guide to Make Money with Trading Options in 7 Days or Less! |
Conclusion on Option Trading Books
In conclusion, the 7 best books on options trading in India cater to traders at different stages of their journey, from beginners seeking to build a solid foundational knowledge to seasoned traders looking to advance their strategies.
