Options Books

Discussion in 'Educational Resources' started by codetroll, Jul 9, 2009.

  1. Haven't posted in this area for awhile, should be interesting to see the responses, might get a better viewing in the options area, but I'll try here first.

    Thinking about making more book purchases (why? I like books). Has anyone read these or heard anything about them (yay's/nay's) ?

    1.) The Volatility Edge in Options Trading


    2.) Trading Options at Expiration


    3.) [Not out yet] Day Trading Options


    4.) [For out long-term guys/girls out there] Options as a Strategic Investment


    Looking for some suggestions to add to the list/comments of the above titles/authors (trying to see if they are worthwhile). If anything, maybe these titles will help some people out.

    Thanks in advance.

  2. drcha


    McMillan is a god.
  3. jacer


    I dont want to hijack your thread or anything..

    but does anyone know of a options-book that goes in depth with strangles and straddles and really explaines the greeks?
  4. The first 2 are favorites of mine. I highly reccomend them. Natenberg is also a must.

    There are many strategies covered including straddles, strangles, and ratios (among others).
  5. I assume your talking about Sheldon Natenberg. If so, I was looking at his 1994 book, the others seem to have gotten bad reviews...perhaps I am wrong?

    Anyway, here is one that I was concerned about: "Not only is very difficult to understand but the strategies are only useful if you are a professional trader. Only market makers can make money trading this way".

    You tell me, what have you found in your experience with reading his works? Is the above statement by a reviewer accurate or something to pass off and get the book? Also, what about the date, do you think its still relevant today?

    Thanks again.


    book link:
  6. The book you linked is the one I'm talking about. I think Natenberg is great when it comes to Volatility/Pricing/etc. I think there are many others on this board that would agree Natenberg's work on Volatility is excellent. Perhaps there are some that would strongly disagree too - I find that hard to believe.

    Half of the book is focused on Pricing, Vols, the Greeks, Risk, and strategies. (40 pages or so on Vols alone). Options are a three dimensional monster. I don't think they are "easy" to understand. As for the quotes, perhaps that person isn't suited to trade options. They aren't for everyone. Natenberg talks a bit about intermarket strategies and arbitrage but most of the book is directly related/applicable to the real world (non MM).

    Run a search on ET for "Natenberg". Perhaps that will help you find some more information.
  7. rosy2


    why? the guy has never made money trading
  8. Perhaps better learn some Chinese or Japanese nowadays instead!
  9. steven21


    #10     Jul 11, 2009