Thanks, guys. Did you guys also read Hull? I'm particularly attracted to the book by Hull since he's a 'Market Wizard' and have actually made a substantial amount of money with his own trading operations and funds.
My math is high school level, and I could understand it. Of course I had to take notes and read some passages N times, but I can confirm that it is doable if you are willing to put the effort.
Hull's book (Options, Futures, and Other Derivatives) is an undergrad level textbook on pricing derivatives and interest rate products. It's not really a trading book unless you consider having a deep understanding of the derivation of various pricing models important to your trading. That being said, it's a fantastic book I revisit from time to time.
Thanks! So what you're saying is that it's more on the theoretical side, while the other titles mentioned are more practical with regards to actual trading strategies of options? I'll probably order Hull anyway and add in a few others also.
In my opinion any aspiring options trader should read all of Nassim Talebs books. His "magnum opus" is titled "Dynamic Hedging" and its a very advanced book on options but heres a cool tip, you can download the pdf for free on google. The hardcover costs about $90 bucks or so. Although its advanced you should at least try and read it, just to get a grasp of how much "optionality" exists in options. Also i saw someone already mentioned "Volatility Trading" by Sinclair... you can also find the pdf for free by digging a bit. That book is great. IMO one of the best options books is titled "How to Price And Trade Options" by Al Sherbin. Its a very direct and concise book and I learned a lot from it. I met with Al at the CBOE a few years back for lunch and hes a good guy and also mentors traders.
Nassim Teleb sound like something Iām gonna dig into. Would anyone recommend anything by John Carter?