When I began trading options on the floor of the Chicago Board Options Exchange (early 1980s) an earlier edition of this book was the most complete options reference manual available. Ditto for the current edition. I'll admit that the book is rather dry, but I am curious as to the expectations of some readers who wrote reviews. Do they need reference works to provide them with stimulating prose? If you want an options manual you will return to time and time again, buy this book. True, the bulk of the material is theoretical, but so is every options valuation model in existence. The hedge ratio of an option (delta) is theoretical too, but understanding the hedge ratio gives rise to many applications. Those of you who want interesting trading "stories" read "Reminiscences of a Stock Operator". Those who want track records read my Disclosure Document. Those who believe "striking price" is not correct terminology should call the Options Institute as some of the questions on the required entrance exam for perspective market makers at the CBOE commonly refer to "striking price". If you are looking for applications in lieu of foundational knowledge, buy a "black box" system. For those readers who want to understand options well enough to design their own trading systems, this book is the best. I will venture to guess that those critical individuals who do not want to understand the theoretical aspects of options also believe that PE ratios don't mean anything anymore. If this sounds like you, consider hiring a professional to trade for you. If not, I hope to trade with you soon.....and then we'll have lunch. Yours!