Trading Options Greeks: How Time, Volatility, and Other Pricing Factors Drive Profits

Seriously... the best book out there on options!. Kept me awake for many nights. 5 stars to the content. Love the author’s unambiguous writing style.Some might argue that you don’t need this level of detail to trade options on a daily basis. But if you’re one of those ppl who loves to read in depth, you’ll love the book!

This is Best Book... That made me a profitable trader but psychology and money management worked too.

This is the best book that I've read so far on Option trading that specifically digs into the Greeks - what they are, how they work and the ways to leverage them to build a better trading business. Dan does an excellent job of presenting the material in an easy to read manner that is very engaging and made me want to keep reading to learn more. As a former market maker, he provided insights into how the other end of the trade approaches the market and how they use the Greeks to manage their portfolio. This is key insight as they are the ones on the other side of many of our trades - understanding their mindset helps us utilize better strategies for each situation. This book now sits on my desk as a reference and my trader companion going forward.Anyone serious about Options Trading needs this book.

Allora a livello tecnico e di ricerca matematico/finanziaria il libro di Hull rimane il primo in classifica. Tuttavia devo ammettere che questo è davvero molto interessante perché tralasciando le formule matematiche riesce a far comprendere concetti piuttosto difficoltosi. Ottimo per un approccio operativo alle opzioni.

Having just finished the book, I can say definitively, this is essential reading for anyone venturing into options trading, and it's definitely money well spent. There are errors in the book as pointed out by other reviewers. Typographical errors can be overlooked, but some errors are in-congruent with the actual explanation of key topics, for example, page 228 the author states "the more expensive options are being sold, the less expensive bought" when describing a debit spread? On page 229 he is discussing a Jan/Feb diagonal spread, yet refers to an August expiration from the previous example? On the second to last page he adjusts an iron condor by rolling the credit legs but buys the 39 call/sells the 40 to a debit spread? The worry is that these type of editorial errors, lead the reader to ask "have I missed something in the explanation, or has the author made an error". One word of warning to prospective readers is in the over use of hyphens, in the worse possible places, that mislead the reader into thinking they are minus signs in formulas. The other issue is with the introduction of put call parity. I didn't understand why the author introduces it so early in such a vague way. I then went on to Wikipedia for a more digestible explanation. Then having reached chapter Chapter 6, the book gives a thorough and comprehensive breakdown of the topic -which for me could have been introduced earlier (should have jumped to chapter 6, then gone back to it). My criticisms are submitted to be constructive, not overly harsh. I do commend the author for qualifying all his workings with explanations. As I say, this is a worthy buy delving into the nuts and bolts of options trading. Would I buy the book again, despite these editorial oversights?- definitely. Despite the mention of gamma as a second derivative, all of the maths needed, is basic addition, subtraction and multiplication, so don't be put off buying it for fear you need a degree in maths.