Trading Option Greeks: How Time, Volatility, and Other Pricing Factors Drive Profit (Hardcover)

by Dan Passarelli (Author)
Key Phrases: vol traders, same expiration cycle, future stock volatility, The Basics of Option Greeks, Delta-Neutral Trading, Spreads Figure (more...)

Editorial Reviews

Review
"A must-read for individuals who are serious about trading options" -- James Bittman, author, Trading Options as a Professional

"Dan's book is a primer for options aficionados. Without bogging you down with super-heavy math, he walks you through the key principles and shows you what matters the most to your trading portfolio." -- Fari Hamzei, founder, Hamzei Analytics, LLC

Review

“A must-read for individuals who are serious about trading options.”—James Bittman, author, "Trading Options as a Professional"

“Dan’s book is a primer for options aficionados. Without bogging you down

with super-heavy math, he walks you through the key principles and shows you

what matters the most to your trading portfolio."—Fari Hamzei, founder, Hamzei Analytics, LLC

See all Editorial Reviews

Product Details

• Hardcover: 352 pages
• Publisher: Bloomberg Press; illustrated edition edition (June 1, 2008)
• Language: English
• ISBN-10: 157660246X
• ISBN-13: 978-1576602461
• Product Dimensions: 8.9 x 6.2 x 1.2 inches
• Shipping Weight: 1.4 pounds (View shipping rates and policies)
• Average Customer Review: 4.5 out of 5 stars See all reviews (10 customer reviews)
• Amazon.com Sales Rank: #52,637 in Books (See Bestsellers in Books)

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  #29 in	Books > Professional & Technical > Accounting & Finance > International > Finance > Finance & Investing
  #64 in	Books > Business & Investing > Economics > International
  #71 in	Books > Business & Investing > Investing > Options

Customer Reviews

Most Helpful Customer Reviews

52 of 53 people found the following review helpful:

3.0 out of 5 stars Its alright, September 17, 2008

By	Aniruddha Pant (India) - See all my reviews

When I bought this book, I was expecting really in-depth analysis of various Greeks and their effects on basic option positions as well as complex spreads. However, I was bit disappointed.

If you have read any decent preliminary option trading books (Natenberg, McMillan et al) or if you have been trading option spreads for say 1+ year, this book would be useless. In aggregate there would be about 10-12 page material which may useful for such people. Last chapter on relationships between implied and realized volatility is OK.

For some reason the author has morbid fear for graphs of positions and greeks. He ends up giving tables after tables to illustrate effect of various greeks on option position.

If you are at a stage where you think I buy call option when I am bullish and I buy put option when I am bearish, this book will help you understand the effects of other equally important variables in pricing and trading, but then there are so many other which give this information in a better fashion in my opinion.

1 of 1 people found the following review helpful:

5.0 out of 5 stars A great reference book!, April 21, 2009

By	Marc C. Morrison - See all my reviews (REAL NAME)

If you are interested in trading options and have some basic options knowledge, this book is well worth the small investment to gain insight into options trading mechanics. Most options books I have bought do not cover greeks in this amount of detail. When setting up a spread, this book gives a detailed analysis on the effect of each greek in the position. It covers many of the common types of trades.

5.0 out of 5 stars Trading Option Greeks, June 15, 2009

By	Donald Stanton (Paradise, CA United States) - See all my reviews (REAL NAME)

I have read the first three chapters so far. The book is well written and is loaded with examples of detailed explinations of the principles taught. The early chapters appear to lay the foundation for more complex strtagies that are presented later in the book. For me the book is an excellent recourse.