Beyond here live dragons
Í bought this book a few years back, its awesome in all respects. I've tried to read it at least 3 times and cant get past about page 50.

It aint light reading for sure and I've been in the business for years. Its the acknolwedged bible of options trading but thats why there are so few successful and long term options traders - no one finished the book.

Its a great book but its probably easier to go to night school to learn options.

Not For The Beginner...
I bought this book based on all the high review ratings of so many other readers. Unfortunately I found this book to be disappointing. The author clearly knows what he is talking about but I feel does a poor job conveying the concepts to the reader. The basics of placing orders, commission structure,etc get glossed over and the author frequently mentions concepts and then states the will be discussed later in the book. This just needlessly muddies the waters. The presentation of numerical data is also poorly handled. The author describes in long-winded paragraphs concepts that could be more clearly illustrated in tables or graphs. At any rate I found the book disappointing and feel I have learned little about option investing. The book seems to be more of an academic study in options, not an investment oriented, "real world" way to profit from trading options. Someone with advanced knowledge can probably appreciate this but beginners and intermediates I think will find this book lacking.

Must read for any options trader, beginner, intermediate or advanced. Must have in personal library.
One must keep in mind that book was written in early 1980s, and still one of the best works on options trading. Whether you are a beginner, intermediate or seasoned options trader, it certainly worth reading; even the seasoned options trader will learn few things and certainly help organize your thoughts. I like this book and still refer to it every now and then in my trading activities.

Very highly recommended
My favorite options trading text, bar none! I believe if you understand everything presented here you will have a huge leg up.

This book gave me the insight and confidence to take the other side of covered call writers' positions and profitably trade the out-of-the-money calls from a purely volatility standpoint.

It also put me on the path of trading volatility around events like earnings releases and FOMC meetings. Read this before embarking on any options trading ventures. Even though you may not choose to trade volatility directly, understanding its dynamics in relation to option prices will be of huge benefit.

Extremely useful book.
I have read this book very quickly. Very easy, friendly and informative. A lot of useful information which can be applied practically.