Options Trading: How to Turn Every Friday into Payday Using Weekly Options! Generate Weekly Income in ALL Markets and Sleep Worry-Free! Paperback – August 3, 2023

The book is written in an easy to understand format. Perfect for me to grasp the ideas and concepts. I wish there were more trade examples in the book, but I still understand the overall concept.

TR Lawrence's book is straightforward, easy to listen to and very helpful. He not only wrote a helpful book, he is responsive and assisted me in easing brokerage issues.Thank you!

Updated: I would recommend reading a beginner book before this one if you have little knowledge of options. I reread this after learning basics of option trading, and found it much better.Loved the beginning chapters about your relationship with money. However, once it came to explaining options, a lot of terms were thrown in there without explanation. I found myself googling things constantly while reading this book. I’ve found other authors who did a much better job explaining options to those who are new to them.

T.R. Lawrence’s *Options Trading* is a practical and empowering guide for traders looking to generate consistent weekly income using options. I thoroughly enjoyed the book—it’s straightforward, insightful, and packed with fundamental strategies that make sense.One of the biggest takeaways for me was the “KaChing” strategy. It’s brilliantly simple yet effective, and as Lawrence emphasizes throughout the book, it’s all about **sustainability**. My favorite quote, found on page 101, really sums up the core of the method:"My weekly KaChing strategy is built for sustainability; little drops of water make the mighty ocean--little weekly profits can quickly pile up before you know it."*What really gave me peace of mind, though, was the author’s recommendation to buy long PUT options about 120 days out. That has become my go-to insurance policy—it lets me sleep at night, just like he promised.Whether you’re just getting started or looking to fine-tune your current options strategy, this book provides a solid foundation. It’s not just about making money—it’s about building a system that works week after week.

Great book - crisp, to the point, practical advice, highly recommended!

This book has one important idea--a method of trading diagonal spreads--in the middle of quite a bit of filler material. The first third of the book is about trading psychology, how to be less emotional in trading, etc. The purpose of the book is supposedly to teach you about making money each week from selling options, so the monologue about psychology seems unnecessary to me.The last third of the book has generic information about the Greeks (options measurements), different kinds of spreads, and other filler material.Only in the middle does he actually get to the point about the subject. He makes a decent sales pitch for his method, which is about buying a long put with a four month expiration, and then selling a put each week to make money. The two puts together, one bought and one sold, make a 'spread'. If they had the same expiration they would simply be a put credit spread. But because they have different expirations and different strike prices, this is called a diagonal spread.There are at least two points he neglects to talk about much, or at all. One is that the long put with the far out expiration offers much less downside protection to your spreads than one with the same expiration. For example, if you have a standard put credit spread (same expirations on both puts) and the stock price goes down below your two strike prices, your max loss is limited to the spread minus the credit you received when you opened the position. But with the diagonal spread, the same stock price movement can generate a loss more than 2-3x as much, because the long put generates profit more slowly than a near-term put. Put in simple English, the diagonal spread he suggests gives you less downside protection than a standard put credit spread.This reduced downside protection is a big issue when you consider that he recommends you sell puts close to or at the money, which is an aggressive strategy, where you will frequently find the stock price moving against you towards losses. When you are in a losing position that requires you to liquidate the long put to limit your losses, you just closed out the whole thing that you were supposed to milk for weeks.And another issue is the fact that as the stock price moves further away from your long put, you will be in a situation where the spread will be getting quite large, unless you roll (sell your existing long put and buying a new one at a different strike price) your long put.In summary, his idea is not as simple as he makes it out to be. It requires good knowledge of options trading, and it requires regular monitoring, maintenance and adjustments. I highly recommend that you practice this system in a paper (fake money) account before doing it with real money. Also, choose a stock that is not very volatile with a steady sideways or gently bullish movement.

Very informative and easy to follow.

This a good book the knowledge gained by reading it is well worth the money. The book is a lite read , it gives you the information you need to sell weekly covered options while protecting the underlying stock at the same. The reason I rate this 4.5 stars is i believe the book could and should contain a little more information on some content. Also i have read other books on TA and investing that are hard reads take days if not a week or more to read. I really like the fact that this book is a quick easy to the point read but i also feel it could contain more information here and there.