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This book was originally published by Probus in 1993; McCafferty was one of two original authors. Since the time that this book was written, there have been many changes in the options market: more advanced options software, new research in options pricing, and greater volume and volatility. This book covers all the basics of options and option trading for the beginner, including: how options work, strategies, volatility and price models, implementing a trading plan, selecting a broker, and mistakes beginners commonly make. The first edition concentrated on options on futures. The revised edition will update all the material in the book, reflecting the changes in the marketplace and technology. The author will aslo add much new material about options on stocks, which is not covered well in the first edition. The appendices will also be updated, with new sources of information, updated charts, new options offered, and new options software.

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