Rating: - Good Reference Book
This is more a dictionary of options strategies than a regular book. But it organizes and explains each strategy well.

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Rating: - Complete and Well Organized
This book is a complete description of all option strategies. It is totally organized. Each strategy is described in exactly the same manner to facilitate comparsion of one strategy to another. It should be on any option player's bookshelf as a quick reference and guide.

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Rating: - Complete reference for your library
If you need a reference to look up those obscure option trades, this is the book for you. The author does a great job of organizing the book by strategy, risk, style, volatility and other useful categories. You begin to see a trend with the types of trades presented and your investment style. This book was very useful in helping me determine what level of risk I am comfortable with for the type of trade desired. Studies suggest 80% of stock options expire worthless. This book will help you understand what it means to be on the other side of those trades - the one collecting the premium. The book does not use real life stock examples or show P&L from actual trades. I'd recommend Jeff Augen's book for a study on hedging and advanced option trading.

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Rating: - Typos? We don't need no stinkin' typos.
I bought this book for the princely sum of about $35 after reading parts of it in a library and using some of the ideas even before I bought the book.

I am a reasonably experienced (but conservative) option trader who now executes maybe 100 to 200 options trades a year and have traded options for about 15 years.

I found this book to be in an amazingly simple format with very concise descriptions of option strategies that have been so arcanely described in other works that I am really impressed.

I also added a couple of the described strategies to my repertoire which (whether through luck or experience or combination), returned about 50 times the cost of the book in the first month of trading alone. And much more since.

However, anyone who trades options should really understand the risks of option trading. Thankfully, this guide tells you which types of strategies have unlimited loss potential. Unfortunately and necessarily, it is up to the reader to exercise good judgment, understand the markets in general and do basic research in connection with evaluating trades.

Maybe because I am a speed reader I didn't note typos or editing errors that affected my evaluation of this tome.

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Rating: - Comprehensive Manual of Options Trading
Extremely detailed manual of options trading. This book has become one of my standard reference manuals for options trading strategies. Well written. This book is for traders who understand the basics and want to get into the more sophisticated options trading strategies used by the pros.