I signed out another options book from my local library. The title is "The Options Edge". Ironically enough, there are TWO separate books about options which use the EXACT same title (how do they get away with it?). The one I'm reading now is the one published by Wiley. It's much better than I thought, and gets right into the mathematical details (which I like). I'm still early in the book, and it's already getting into the full understanding of Phi. I'll include an example here. So far, no complaints.
Alright, I found this oldie at the local library. Though I'm not fully sure if this one should be avoided at all costs (I'm still reading early into it), lol. The 100% Return Options Trading Strategy Well if that doesn't already sound suspect... apparently it's possible you can double your money each year by selling what appears to be iron-condors on OEX. And how exactly does this give such great returns? Simple, you just look for a 'signal' on live TV (or a subscription service) to see when the upticks or downticks tell you that someone on wall street is using a SELL or a BUY program, and you ride the wave. Really simple... and you have the Welles-Wilder & Stochastics to back you up. In any case, since I'm still reading the book, here's some comments on Amazon from those who have. They don't seem to be too positive. Haha! And this guy seems pretty short yet blunt:
Only the exceptionally fantastic books please. For those, just the amazon link is sufficient. Thanks Maybe you should start the thread- Krakenites Reading Room?
What are the most cost efficient puts to hedge a drop in stocks? - https://duckduckgo.com/?q=What+are+...t+puts+to+hedge+a+drop+in+stocks?&t=h_&ia=web What are the most cost efficient puts to hedge? - https://www.elitetrader.com/et/threads/what-are-the-most-cost-efficient-puts-to-hedge.364900/
Using Options as Shares of Stock "Options don’t have to be options. By understanding the art and science of options trading, you can make options behave like shares of stock– but for far less cost and much bigger advantages." https://stephenbigalow.com/blog/category/options/
This book is very practical, covering theory and practical examples of how to manage the strategies in trouble. Available here on Amazon.
https://www.optionsprofitcalculator.com/calculator/8-legs.html https://optionstrat.com/ https://www.macroption.com/