Nope. I saw the title, I'm quite familiar with "Options, Futures and Other Derivatives" and read a great deal from "Arbitrage Theory in Continuous Time". Published one of my option pricing models (useless in trading hopefully, though I'm escaping one or two key insights in there. Published for reference in an Azerbaijan journal so not much to worry ). I know what volatility is on an intimate level. Most of you if I'd to ask, you'd have no idea. Read the table of contents of this book, a while ago and now again and it doesn't tell me nothing that I don't know already. Generalities. But the Devil is in the details.
I don't think the chapter/section headings do his books justice, there's a bit more meat in there than you would expect but yes for sure there's a lot of technical boiler plate. The point is he discusses the rationale for real trades/edges on occasion.
Well, perhaps I'll read (skimp through) it if I find time and mood. Right now I'm working a regular 9 hours day job (+ transient times add another 2 hours) then switch to my options trading software side project. So from the start I always incur an 11-12 hours penalty. Working (as in programming or cutting wood) is easy, but god forbid I have to pause and think, like today. That's at least 2 hours flown by, at the end of whom I usually have more questions than answers. So 14 hours straight and if I'm to actually implement something that gets seen, it only starts now. And tomorrow, same shit. Weekends are worst since I don't even have that 2 hours frame after 14 hours exhaustion, I gotta spend some time with my family too. So no wonder it took me 12 years to get so far (nowheres that is). But if I find some time and mood, I'll read that book
I'm not bragging (with what? that I worked 12 years so far for nothing?). I'm just statistics. For all it seems, I'm gonna lose this game. Someone's gotta lose for others to win in this game and just because people only see those who make it to the top of the iceberg also implies there's an iceberg with all those years and youth and wasted time. Enjoy your coffee and hope you will succeed. https://cdn.shopify.com/s/files/1/0535/6917/products/mistakesdemotivator.jpeg?v=1416776264
I'm lorbing since noone dares or cares express an opinion so lemme say it: I hate this zero-sum game. I'm not here to steal your money or abuse your kids, I'm here to save myself and my family. And once you develop conscience then you is me. We need a better version of the change of measure theorem where it's explained in plain Latin: 1 + 1 = 4. You and me, if that's 2, I'll pass. Let alone 1. But starting from 4, gets me interested.