This isn't an options trading book, but I picked it up as a counter-argument book against active trading. The author seeks to show why an individual who saves consistently over time and buys a diversified set of index funds can achieve above-average investment results. I'll be focusing on the last part of the book, but the other parts of the book may interest you. Part One - Stocks and Their Values: This section is more about the manias over the decades. Part Two - How The Pros Play the Biggest Game in Town: This section covers Technical and Fundamental Analysis while pointing to the Efficient Market Hypothesis. Part Three - The New Investment Technology: Out of this section, I would recommend the Behavioral Finance chapter and the chapter following it about ways to look at using behaviors when trading. Part Four - A Practical Guide for Random Walkers and Other Investors Chapter 12: This one covers several exercises that even an options trader should consider for their foundation. Things like a cash reserve, insurance, strategies to avoid taxes, own versus renting home. The big item though is "Finding your sleeping point", aka the risk tolerance that lets you sleep at night as well as where you are in life (eg: 70 year old shouldn't be risking life savings while 20 year old has time/income to do so). Chapter 13: This one covers what they call the four historical eras of financial market returns and what the next era may look like (hint: He is negative, but likely due to writing in a bear market of 2022). Chapter 14: This is about setting up a life cycle guide to investing, the author provides some nice pie charts on his recommended ratios between stocks/bonds/real estate/cash based upon your age. Chapter 15: This chapter pretty much explains my trading plan, but was written before I had read this book. I place a large chunk in index funds and then have a small portion for "The Do-It-Yourself Step", though I don't do the "trade as little as possible" rule currently. Overall, this is a book I'd recommend if you haven't looked at both sides of the stock market (active versus passive) from a book that has been revised for 50 years now.