It contains what you said you are looking for. I'm an electrical engineer close to retirement and almost all my knowledge came from books that explained things in layman terms and then from decades of experience. Publications at the PHD level were pretty much useless. And the math I use is just basic high school stuff.
I second what gaussian says. I worked for a while in the industry and eventually had to cover a lot more than just options: yield curve bootstrapping, variance and volatility swaps, interest rate and equity swaps ... they're all covered in Hull's book. On the second part, now I don't feel so guilty for being a cheapskate - I did buy the international version, but not sure it's legal / available in the US. You can find it here: https://www.abebooks.co.uk/servlet/...17&n=100121501&cm_sp=snippet-_-srp1-_-title14
Thank you for your responses. Lots for me to think about before I can ask you some more questions. Regards,
Any time! If you're really interested in the markets your places to look are almost limitless. I personally run a journal where I note interesting things I see. It keeps me honest and focused. It's so easy to get distracted in the various nooks and crannies. I lost almost a full year just wandering around trying different instruments and playing with different tech before I settled down. Have fun!
Well, sometimes even a monkey throwing darts at a list of stocks can outperform smart PhD financial geniuses. So there is still hope for a dumb as heck dummy. I think it is what you pros called survival bias. Anyway McMillan is my reference book and I do go back to it whenever I needed answers. Lately I went back and read it quite often.
read those books and many more too but can say in my humble opinion, they are not meant for the retail trader to absorb and trade. they give you a better understanding of the math and mechanics of options but it might be like reading an advanced Calculus text book to learn how to do algebra.
I was wandering this myself ... when you go so deep into options theory is it something that retail guy can ever take advantage of ... or is it only big MM type firms with HFT tech?