Hello, just registered, reside in Canada and I am looking for a good book that I want to purchase for a family member. I have read reviews on ebay, amazon etc but it's pretty well split some good some bad getting nowhere so I came here for some help people with experience. Thanks, for your time and help greatly appreciated
consult one of the dozens of book threads. https://www.elitetrader.com/et/search/8776333/?q=books+on+options&o=date&c[title_only]=1&c[node]=12
The best 5 minutes introduction to options: https://www.elitetrader.com/et/threads/5-basics-of-options-in-5-minutes.330524/ Be sure to read the post by @tommcginnis I use the following books as my references: 1. Lawrence McMillan: Options As A Strategic Investment. This is my first serious book on options. If you read it cover to cover, you will get a good appreciation of all the different options, the strategies of each and if you are math inclined, it even has several chapters on the math of options. 2. Colin Bennett: Trading Volatility, Correlation, Term Structure and Skew. sle mentioned this book and I found it very insightful. You can find more specific practices and approaches compared to McMillan. 3. John C Hull, Options, Futures And Other Derivatives. I just bought this book and am in the middle of reading it, cannot comment on it yet. 4. Tomas Bjork: Arbitrage Theory in Continuous Time. I bought it based on someone here recommended the book. It was a mistake for me. You need a PhD in Mathematics to be able to understand the equations. But if you do you will become a real expert in option theory. Welcome and best wishes to you
... and while trading is fun, it also good to brush up your math on option pricing. I found Espen Gaarder Haug's 'Complete Guide to Option Pricing Formulas' incredibly useful. Cheers, Felix
This one used to be recommended a lot. Maybe it is out of print? Basic, but useful imho. Option Volatility and Pricing by Sheldon Natenberg.
When I got into options at the end of the year I read whatever free pdf books I could find online. I especially remember Get Rich with Options by Lee Lowell fondly, I sort of based my trading system on it.
In addition to what's been said, Advanced Equity Derivatives by Sebastian Bossu has some useful information.