Options trade book

It lowered my opinion of Jon and Pete. Finally, this book reveals no strategies on how to trade options. Book might be usefull for a beginning investor interested in learning the basics of options, but there are no actual techniques or advice in the book. But then again what do you expect for shipping costs only? This was not the book presented on tv. Be extremely careful dealing with them! This book is meant to get you into their education program. The program itself is decent, BUT what they decline to tell you is that once. Then everyday they throw out one or two companies that are trading in heavy volume and all the subscribers have to scramble to make some money. This book, supposed to be about trading options does neither. This book was just a way to try and sell their other services because the book was useless and a total insult to anyone who has a rudimentary understanding of options.

Book is only worth the shipping costs if you have no options trading knowledge at all. Since you will get the same advice at the same time as every other subscriber I think it will be useless. For those who want to learn about options, this is a rare opportunity to learn from a master trader. This guy is not a professional options trader. How I Trade Options gives retail investors who have little or no prior knowledge the insight into how options work and how to use them effectively and responsibly. When Jon Najarian embarked on a career in the world of market making, he went from playing with the Bears to running with the bulls. Beat Risk and Reap Rewards Like A Pro! Option theory is not covered in detail but I was not looking for that.

Run from this book, free yea sure! If you know what he is talking about, and you are a fan of the Jon, this would probably be an interesting book for some background on his career path. Najarian will write an update as I will be first in line to buy it. Terrible book for advice on trading, which is how I felt the book was advertised. The book has become dated with the advent of online trading. There are good textbooks available for that information. All they want to do is get you on the phone and sell you a package for 7k plus, free market yea! Najarian brothers for years and considered them very reputable; this web site, I hope, must be an embarrassment to them! Not only is Jon Najarian a Supertrader, he is a Superteacher. His crystal clear explanations of such strategies as vertical spreads empower the average investor to participate in attractive options approaches that, until now, have been dominated by professional traders.

Najarian shows commitment to educating investors on the use of options to enhance their portfolios. The hard work he put in to be successful and the pressure for a major trading firm were enlightening and not difficult to ready. Still well worth the money, and it will give you a sobering insight into the disadvantage the private investor has versus the big firms. CNBC all the time and I was curious how much he actually knows about options. This review was originally posted by me on March 23 2004 but was inexplicably removed. Jon Najarian provides a well written introduction into options trading and an inside glimpse of a major trading firm. Please visit our Web site at www. How I Trade Options is a rare opportunity to look over the shoulder of this experienced options trader, teacher, and lecturer. And do not bother with his new book either how we trade options!

Rance Masheck, President, Quantum Vision Inc. Did you hear about when Amazon accidentally uncovered the identities of some of the. He guides you through the process of learning what the mindset of a successful options trader looks like, tips for success and the things you should avoid. The difference between liquid and illiquid options and which you stay away from more often than not. Ready to learn a simple step by step blueprint which will make you master and win big at options trading? Ten different trading strategies for all seasons and market moods and how to get the most out of each one. Also including 10 trading strategies for all seasonsand market moods. From the very beginning of the book, Andrew Johnson does an excellent job of being clear and well organized.

The first book is excellent for the uninitiated and helps to introduce the reader to subject. By getting both books in one bundle is a great deal because, by the end, the complicated subject of Options Trading becomes completely palatable. Johnson gives the background history on options trading, teaches readers the basics of the investment practices, even giving a lesson on the language specific to options trading, then offers the reader strategies. You will also learn what a reliable options trading plan looks like and how to measure the metrics of your current system to ensure that it measures up. To guides when it comes to trading guides. If you are looking to get into Options Trading but are scared to then definitely then this great bundle out. All in all, a great book for beginning investors, and money well spent. Why it is important to consider historical volatility before you make any moves. Is Passive Income Possible with Options Trading?

Informative as always, Mr. Options Trading is a popular investing technique that can lead to success or ruin. Not so with options trading, which, as the name implies provides you with the option, not the obligation to carry through on what you have started. Johnson suggests that beginning investors might choose options trading. Options Trading: A Beginners Guide to Option Trading Unlocking the Secrets of Option Trading and Options Trading: The Ultimate Guide to Options Trading Uncovering Options Trading Profit. Johnson does not disappoint in his latest book in the Options Trading series. Reading this small explanation is a must for everyone interested in trading options. Grab your copy now if you are serious about mastering and winning big at options trading! The second one gives other techniques and methods to further get the reader prepared to tackle the topic.

Index options and currency options of particular interest, as I feel they are subjects that are not usually more than touched upon in most other books on investing. He answers questions such as if passive income is possible. From what it is to the history of options trading to the basics this book is an excellent resource for anyone who is just starting out in options trading and needs to get a base level knowledge on the subject. Which metrics you are going to want to consider in order to determine if your trading plan is a dud or a financial stud. Andrew Johnson has created a 142 digital page book, which is actually a compilation that helps you to create a successful trading mindset. In this novel, Johnson suggestions you pick a niche, meaning if you want to trade real estate, you concentrate on that. He puts all the necessary tools you will need for your toolbox of becoming a successful options trader.

He gives explanations of the terms that get used by options traders, a history of trading as a whole, how to excel in the options trading game, and everything in between! Johnson shows himself to be a reliable writer with the amount of research and personal experience in the field. If you want to day trade, you concentrate on that. If you have ever spent any real time trading in one or more of the asset investment markets, then you know how little freedom you sometimes have to go your own way and set your parameters for financial success as they make sense to you. His instructions are always written in conversational English with the jargon kept to a minimum. Clear and understandable for anyone.

He discusses types of stock options and helps you to understand trading as a whole. Several specialized and advanced trading techniques and when to use them for maximum profit. Becuase of this I greatly enjoy when he gives his advice on how to succeed. Studies show that barely more than 10 percent of all options traders display the type of mindset that will help them be successful in the long term. He teaches you to create a reliable options trading plan, and see if your plan measures up and will be a successful one. According to Johnson, picking a niche will make you a much better investor. Ensuring Sucess With OPtions Trading to be one of the most helpful in the book.

Unfortunately, it is not very detailed, but I think I will get the cost of the book back when trading. Comment: Connecting readers with great books since 1972. Still others will help to fashion a method to meet your forecast. First before other books I have read on options. Edge, he can help you do it, too. This is an extremely poorly written book.

Reasonably well written, relatively clear discussion of stock options for a beginner. This market maker turned market taker delivers a focused commentary on key concepts for operating in the options exchange like a pro. Paper trade; paper trade some more. If you consider yourself a beginning or intermediate options trader, then from one trader to another I believe the purchase price is more than justified. In addition to his work with the CBOE, he taught options strategies at the Options Industry Council. So if you are just starting out read this book or if an intermediate do the same. Well worth the cost I had checked the book out from my local library before I purchased.

But another believes the company has good prospects and has a different method. He offers a candid look at the ups and downs of his trading career and conveys the lessons he learned along the way in an informative and often entertaining way. Personally, I would still give the book a pass. But most retail traders have a definite forecast and that forecast makes them delta positive or negative. Most books about market making and options theory could be boring at times. This is a pretty eclectic book that covers many topics that should appeal to most beginners and intermediate option traders. Customer service is our top priority!

Rather than being pleased, his boss was livid. The book is written in a meandering style. Still others will teach how to spot phony earning reports. Options Institute and began teaching both basic and advanced trading concepts to retail traders, brokers, institutional traders, financial planners and advisors, money managers, and market makers. It starts with basic information like telling us what a put and a call option is. Advice to author: Decide if you want to write a book for beginners, intermediate, or advanced traders. Then read this book once again.

Make this very clear in the book blurb. Learning option trading via the Internet as a retail trader and never having been involved at the professional market maker level leaves you either under or misinformed. You and I would be quite pleased, but not his bosses because his trade was not delta neutral. For my money, I always seek advice and counsel from those that walk the walk and Dan Passarelli has walked the walk. Stock options excellent introduction. Some will teach the academic side of the the market, other will teach you how to find a company to study and maybe invest in. Rather they want to make money from the bid ask spread. For me investing and options are not a zero sum game. The book also gets into some detail regarding option greeks and option strategies.

Avoid the ones that tell you the short cut to the promised land. We as investors have a responsibility to ourselves and to the economy to invest wisely. Dan survived his trial by fire and went on to spend many years on the trading fl oor. In the book he presents the other side that of the Market Maker, the person on the other side of the retail trader. TRADE OPTIONS LIKE A SEASONED PRO! They wish to trade delta neutral; they like positions that are profitable to them no matter which way the stock goes. Then write those chapters from the perspective of the audience. Capital is stored up labor. This books helps bridge that gap and sheds light on some subject matters that should absolutely help make you a better trader.

The manager of a large pension plan might use options as an insurance policy, he is trying to reduce his risk to a binary event, a black swan that is going to crap over everything. That is the true market value of the book. There are always pearls of wisdom to be gained from someone with more years of experience than you, and understanding the market from the perspective of a former professional market maker should be essential if you want to take your retail trading seriously. Then you might be ready to take on the market. Just be mindful of what you are getting versus what you might be looking for as this is not a book for the advanced trader or geared towards certain strategies. Once you read this book you will want to go on and read more books. He can be followed on Twitter at twitter. Having insight and knowledge into. He also traded agricultural options and futures on the floor of the Chicago Board of Trade.

One sells and the other buys. But a retail trader can use some of their ideas. Think of it as a chess game with two very good players, each looks at the board and each comes up with a different method. Jon Najarian, cofounder Trademonster. Dan Passarelli presents the other side. Others will teach you how to calculate the fair value of a company by discounted cash flow. Options Trading Books No. Greeks and pricing is important to success.

Books description from Amazon. It skillfully shows how they can be used to facilitate trading strategies that seek to profit from volatility, time decay, or changes in interest rates. The book also includes a helpful glossary of notations, as well as an extensive bibliography of related books and articles. This book is almost 600 pages long. This is one of the most in depth, informative and best books about options trading. An essential guide for both professional and aspiring traders, this book explains the greeks in a straightforward and accessible style.

It is over 1000 pages long and covers a broad range of different topics. In the Second Edition of Trading Options Greeks, veteran options trader Dan Pasarelli puts these tools in perspective by offering fresh insights on option trading and valuation. Volatility is one of the most important and complex parts defining an options price. As you hopefully know by now, options pricing plays a huge role in options trading. Along the way, it makes use of new charts and examples, and discusses how the proper application of the greeks can lead to more accurate pricing and trading as well as alert you to a range of other opportunities. Almost everything you should know about options is written down in this book.

This is another great book on options pricing and pricing formulas. Trading Options Greeks, Second Edition shows you how to use the greeks to find better trades, effectively manage them, and ultimately, become more profitable. The volume also features several new chapters covering such things as: option sensitivities, discrete dividend, commodity options, and two chapters on numerical methods covering trees, finite difference and Monte Carlo Simulation. The book is over 500 pages and includes a CD with some spreadsheets and other useful data. This is especially good for a little advanced option traders who want to know more about the fancy stuff and some math behind options. Detailed examples, exhibits, and checklists show you the power of each method under carefully described market conditions.

With the new knowledge you acquired you should be able to improve your trading drastically. The second choice is to use our Tradebook PAIR Platform and execute the various legs individually, as shown in the image below. The Options Institute Council, along with the Option exchanges, have done a remarkable job educating investors with the help of online webinars and seminars hosted throughout the year. And while traders obviously recognize this, they are also far more comfortable putting these strategies together today than they were in the past. This may have been a result of investors recognizing that trading complex strategies could reverse the recent shrinking of the sector. Order implementation checks are also incorporated to reduce execution errors when entering complex strategies. Complex order volume has increased as a percentage of the total volume in the options industry, thanks to better understanding through industry education, and easier electronic access to order entry and execution. Hopefully, this will help bring back that lost volume to the options industry. We have noticed a cycle of momentum as many traders who use a complex method are increasingly seeking to roll those strategies.

New technology that gives the trader the ability to execute complex orders, two or more option legs with or without stock, simplifies the execution process and may prevent a further decline in options volume. Serendipitously, electronic trading technology is also improving, enabling traders to input a complex method electronically rather than with a voice broker. This provides a trader with greater control over all aspects of the trade. Second, the ability to execute a more complex method allows a trader to tailor a solution that will hedge out their risk more comprehensively than a vanilla trade. There are several factors underpinning the trend. As of February 2016, seven of the thirteen options exchanges support complex orders: NYSE Amex and Arca, CBOE and C2, Nasdadq PHLX, BOX and ISE. Due to the increased levels of risk, timing becomes crucial.

High levels of leverage, a lack of options on futures market, and a tendency for the index value to erode over time are major factors working against the viability of doing so. With most of the major commodity index readings are near historical lows, now might be the best time to consider investments in the commodity markets, or at least speculative trading in commodity futures and options. Carley Garner, an experienced commodity broker for DeCarley Trading in Las Vegas, has followed up her previous three titles with Higher Probability Commodity Trading, a comprehensive futures and options trading book focused on trading method development, commodity market analysis, and much more. Thus, the ES bears will likely have better entry points in the coming sessions if they are patient. Unfortunately, similar to insurance companies who are sometimes forced to honor their policies on excessive claims, commodity option sellers are vulnerable to monster market moves than can be potentially account threatening. In fact, even as a commodity option trader looking to trade market price as opposed to volatility, ignoring measures of potential explosiveness while entering or exiting a market could mean financial peril. Some of what looks good on paper is difficult to execute efficiently in the real world, this is especially true in the world of commodity option trading. The payout of this trade at expiration may be identical to a long put option, but the flexibility provided to the trader is unmatched. If having this book saves you 1 tick in the commodity option markets, you have almost recouped your investment.

It is important to realize that I am referring to trading American style options which allow traders to buy, sell or exercise options at any time prior to expiration. This differs from the European style versions that offer far less flexibility. To look at it in another perspective, the trader can be wrong by 104. Here is a sample of some of the trading community book reviews. However, in historically extreme circumstances such as the 2008 financial crisis, the VIX can trade into the 70s, or even higher. By nature an option selling program in the futures markets tend to leave room for error in the execution. If a short volatility trader enters a market prematurely, there is a strong possibility that the trader will be forced out of the market prematurely due to lack of financing or margin. Or, should the trade go terribly wrong from the beginning a trader may look to take a profit on the long call and hold the short futures in hopes of a reversal. After all, everybody agrees that trading stocks is poles apart from trading futures.

You may also find that market emotion and sentiment are a component of futures option implied volatility. FOREX trading books have been reviewed by several national publications. As mentioned, one way to speculate on variations in volatility is through the practice of option selling, often referred to as premium collection. From a historical perspective, this week is not the time to be a stock market bear. Why would anybody believe that trading options on stocks is synonymous with trading options on futures? There are very few books written that cater to commodity option traders and even fewer that are capable of pointing out the differences between the two arenas and guiding traders through the transition from stocks to commodities. The VIX futures market offers contracts expiring each month. Trade less, collect less, and hopefully enjoy more success. Option sellers are in the business of collecting premium, much like an insurance company, under the assertion that in the long run the premium collected should outweigh any potential payouts.

The book received rave reviews from some of the top names in the industry, and we are confident you will enjoy it too! The purpose of this writing is to simply introduce the topic of options on futures. ES futures bears should get better entry levels The NASDAQ futures weighed on stocks, but the broad market is marching on. In my opinion, selling options during times of high volatility, while exercising patience, and incorporating experience, is doing just that. The method that you choose should be based on your personality, risk capital and risk aversion. On the other hand, option sellers are provided top dollar for accepting theoretically unlimited risk. Futures and options traders can do the same thing by creating a trading vehicle through a combination of futures and options to replicate another trading instrument.

Please note that doing so greatly alters the profit and loss of money diagram. Additionally, there are large differences between option theory and option trading. As chaotic price action in the financial markets heat up, the VIX can see spikes into the 30 or 40 levels. Beginning in the middle of 2002 and throughout the beginning of 2003, put sellers with savvy timing may have done very well. For example, based on this assumption put sellers may have fared well during the lows in 2001, 2003 and 2007, and 2011. This theory is based on the assumption that more options than not expire worthless, which has been suggested by several studies including one conducted by the Chicago Mercantile Exchange. Fed meetings and quarterly futures expiration also tends to put upward pressure on pricing. They may be spelled the same, but they are vastly different due to the nature of the underlying vehicles.

Nonetheless, being short puts in a spiraling market can quickly change that. As a sidelined options on futures seller, these types of conditions should be inviting. Just as there are several ways to skin a cat, there are an unlimited number of option trading strategies available in the futures markets. This is that book. The implied volatility of a futures option, is the amount of volatility implied by the market value, or price, of the option. While the VIX is a great indication of volatility and extreme market sentiment, it is also helpful to look at indicators of volatility such as standard deviations. As a result, not all futures brokers offer access to trade it. The phenomenon of put premium in the stock indices being larger than call premium is often referred to as the volatility smile.

Armed with this knowledge, it may be a viable method to look at erratic, and many times irrational, trade as a point of entry for put sellers. An example of an adjustment may be to take a profit on the short futures contract and hold the long call in hopes of a subsequent market rally and the possibility of being profitable on both the futures position and the long option. Click on image to enlarge. However, trading is a game of risk and those selling puts during those times were accepting great amounts of risk in order to reap the reward. If you are only going to read one book on the futures market this has to be it. Trading Commodity Options will take the reader on a journey through the nature of the commodity markets; from there the reader will be introduced to standard commodity options theory and work their way through complex options on futures strategies and concepts such as Iron Condors, Butterflies and Ratio spreads. Thus, putting your odds ahead of those of your competition is a must. Jim Rogers would say.

However, I argue that it is important to chart both price and volatility in a commodity market before speculating in options. The world of commodity options is diverse and cannot be given justice in a short article such as this. While there are no crystal balls to let us know when a futures market will turn around and how low that it might go before it does, being aware of historical patterns in price, volatility and market sentiment may help to avoid a compromising situation. During such times, commodity option buyers are forced to pay extremely high prices for options that in theory are more likely to expire worthless than not. Commodity options provide a flexible and effective way to trade in the futures markets. Additionally, experience, instinct and, of course, luck will also come into play. The VIX futures contract is the sole futures offering on the CBOE exchange. It is often the case that selling puts is more lucrative than calls, but the added reward carries baggage in the form of additional risk.

The term synthetic is often used to describe a manmade object designed to imitate or replicate some other object. Unlike a long put, a synthetic long put can be pulled apart prior to expiration in an attempt to capitalize on market moves. In other words, the implied volatility is forward looking in that it incorporates the current market precariousness as well as what market participants are expecting at some point in the future. Although the content is challenging, the language and organization avoids the normal levels of frustration that often comes with this type book. Unlike the VIX which is derived from the underlying futures price, among other factors, implied volatility is a component of option price. For instance, fi the VIX moves from 15. You may be asking yourself; why you would go through the hassle of mimicking an instrument instead of simply trading the original? Doing so would eliminate the insurance of the long call and leave the trader open for unlimited risk on the upside, but may be justified if the circumstances are right. Unfortunately, most option trading literature is focused on the equity markets. If you are in search of a commodity options book that features this option trading method, and others, visit www.

Carley Garner, a futures broker at DeCarley Trading, is the author of multiple trading books. Further, options on futures offer investors the ability to capitalize on leverage while still giving them the ability to manage risk. The answer is simple, as the creator of the vehicle, we can customize it to better suit our needs as well as design it to better take advantage of the underlying market. Ignoring transaction costs the reverse break even on the trade is at 675. Doing so will often results in panic liquidation of trades at inopportune times as well as other unsound emotional decisions. Through the creation of a synthetic position, you can actually decrease your delta as well as, in my opinion, increase the odds of success.

Luckily, the creation of Bollinger Bands allows us to visually determine market volatility through the line plot of two standard deviations from its mean. FT Press at www. However, if the volatility and premium are right it can be a great way to sell a futures contract, while retaining a piece of mind, and the ability to not difficult adjust the position because the purchased call option provides an absolute hedge of risk above the strike price. Carley Garner Futures, Options, and FOREX Trading Books Learn to trade futures, options, and FX with Carley Garner books! Without regard to transaction costs, futures and options trading is a zero sum game; for every winner there will be a loser. This is true, at least until the Friday morning Triple Witch. For example, through the combination of long and short call and put options in the commodity markets, an investor can design a trading method that fits their needs and expectations; such an arrangement is referred to as an option spread. Please note that the amount of commission paid will reduce the premium collected and shift the RBE closer to the market. With that said, where there is reward there is risk; in efficient markets you cannot have one without the other.

In my opinion, the practice of repackaging stock option trading method and theory in an attempt to appeal to and educate commodity traders can be misleading. The adage buy low and sell high was originally used in reference to price, but can also be applied to the practice of trading volatility. Fearful traders are vulnerable to panic liquidation at inopportune times in terms of market volatility and option pricing. Preventing such disasters ultimately come down to timing of entry along with a good understanding of futures market volatility, market sentiment, and market knowledge. Times of high volatility are denoted by wider bands, or a larger standard deviation, and times of decreasing volatility result in narrowing bands. Unlike traders that are looking to profit from a directional move in price, volatility traders are more interested in the pace at which the market is moving than the direction.

Volatility Index, often simply referred to as the VIX. Bradley turn date occurring on the 20th of this month, and others are noting June 26th as a potential reversal date based on moon cycles. There have been many books written on options on futures trading, however I sometimes question the usefulness of the information provided. Whether your method involves selling options on futures, buying options, or even a combination of both, we believe the articles in this section will be useful to you. VIX spends a majority of its time below 20. Why Trade Commodity Options? As a result options on commodities take on completely different characteristics. MBA in trading for the price of a few cups of Starbucks! As futures market volatility increases, so will option prices. VIX index, or any other similar measure.

From there, things sometimes turn sour. Commodity traders are starving for simply written and comprehensive information on commodity speculation through options. The increased level of flexibility tends to have a positive impact on the value of the option and thus the amount of premium collected for selling it. Yet, in my judgment option selling is a superior method in the long run. Switch back and forth between reading the Kindle book and listening to the Audible book with Whispersync for Voice. NYSE American Options is part of a dual market structure that combines access to American and Arca options through a single integrated technology platform. NYSE Options Members can submit paired orders for execution to the NYSE American and Arca Options Exchanges. Finish High ByRD SM and Finish Low ByRD SM. New York to offer traders deep liquidity across listed option contracts. XDP Feed for additional execution opportunities on the NYSE American Options Exchange prior to routing, canceling, or posting on the American Options Consolidated Book.

If you are a fan of tastytrade. First, let me give you a brief overview of this book. Dr Richards presents the content in a crisp, clear and concise format, making the techniques immediately applicable. Richards has created a very extensive set of Excel spreadsheets to analyze potential options trades, examine risk profiles, compare options strategies and more. The book will show you how to best exploit your edge, and it will guide you in the selection of the equity that you trade, selection of the method, selection of the strikes and expiration cycle, sizing and placing the trade, monitoring progress, and managing the trade. He is a mathematician and his expertise is apparent in his book.

Each decision can be totally mechanical, based on the values of one or more metrics. This book will show you how to get an edge in your options trading. If you are into selling premiums for options, this is one of the few books that covers that. This is exactly the reference I was wishing to find! This book discusses ways to improve your edge in the marketplace, from method to execution. When trading options, you can also do this if you have an edge.

Dr Richards book has only recently been published. Would you like to have success in trading options much like the success of a casino that consistently grinds out profits each day? Not too long ago, I bought TOWE and have since read the book from start to finish. Casinos are successful because they have a definite probability edge on every gambling opportunity that they offer. One thing I did not know before purchasing this book is that Dr. Many thanks to the author for a good, not difficult to understand book. Then it shows the reader how to select equities that take advantage of the combined edge, how to decide on the best method, how to determine the risk and to size the trade, how to place the order, and how to monitor and manage the trade. There is also a lot of material on the quality of the trade and metrics for those. The book covers basic information about options including all of the common strategies, the option pricing model, and the greeks.

They rely on the law of large numbers to guarantee that their probability edge will produce profits. He explains clearly and accurately such concepts as options greeks, pricing and probabilities. Richards, takes the same approach. His book alone is worth the purchase. If you follow the approach described in this book, I believe you will be able to achieve profits of 1 percent to 2 percent or more each month in markets that are moving up, down, or going nowhere. Thus far the information is lucidly presented in a comprehensible language with appropriate information for all levels of mathematical and non mathematical knowledge backgrounds. TOWE goes further as it incorporates Dr Richards own research and insights.

And the software provided with the book computes all of the metrics that you will need. Thanks Richard, for a great job! It was an excellent read and helpful in many ways. This is especially good for beginning traders who are finding their footing in the options trading market. This is an early review and I intend to offer a follow up. Then, like the casinos, your edge will translate into small but consistent gains. TastyTrade, then this book might be a good introduction and it provides an organized approach for the very broad range of educational materials presented by the folks at TastyTrade. Why take notes when you can have the technical material covered in a book.

The book covers the option trading process in detail, from option selection, method, entry to managing trades and portfolio evaluation. No more digging through mountains of content just to sift out key principles, as Dr Richards summarises them for you in an not difficult to consume fashion. It then discusses six sources of edge for sellers of option premium.