Whether you go along with it or not, option guru Larry Mac has interesting perspective imho: https://www.marketwatch.com/story/t...als-are-now-in-place-2021-01-14?mod=home-page
Thx, Larry's brilliant... we've done webinars together... I learn a lot about the VIX from him. One of the sharpest minds in the biz. Great article.
How do you know he is super nice? He is my Option God. I read his book and work on the workbook cover to cover before I started trading.
A LONG time ago,I went to a conference in Lake Tahoe and he was a speaker..A group of us went out to dinner together..
Larry's both brilliant and one of the nicest guys you'll meet. His knowledge is genuinely world-class. Imho he's one of the very top people in the industry.
His book provided me a good foundation on the mechanics of options for which I am grateful. However you won't know how to trade from reading his book and doing the workbook. For that I had to move on to Hull, Bennett and even Taleb. My current assignment is Bjork, many very interesting topics in it for me to chew on. But I am really having difficulty with Bjork, the math was just way toooooo hard. Too many partial differential equations.
Is Hull the natural book to continue with after Options as a Strategic Investment? I'm halfway through that one now and found it enjoyable so far, but my progress came to a halt post-holiday.
Hull is more than options. If you are only into options, read the parts on options carefully, he provided more insights into how events, parameters and fundamentals drove the pricing of options than McMillan. Bennett is next, discussed lots of possible option trades, especially combinations and @sle recommended I read Bennett. I forgot Sinclair, he is an ex-physicist, very insightful. I gave up on Bjork, way too much math for me, even though my feeling is he provided valuable insights?