Option Volatility and Pricing Models, by Sheldon Natenberg. That will definitely help you get your head around options. Very helpful on the conceptual without weighing you down in models, math, etc. You need to understand it (to me) before you can go and get too "Technical"
Thank you for the post but don't you think options have changed since 1994, not to frustrate you about this but I think after 1999 all of the markets changed, volatility dropped , so did the trending. Although I will still look at this book, Thank you very much, please post more regarding this subject.
You may want to check out my friend's recommended books, for trading and related issues: http://www.eminimethods.com/Resources.html
if you are referring to my post, effectively you must buy or sell calls and buy or sell puts in some combination to combat constantly changing market conditions. If you looked at the book - or Hull's book as well - you could have made money off the volatility drop of which you speak. Options are still priced off of mathematical models from the 60's, for God's sake, you think you might want to understand options - and their flows - down cold first. It's what you really need to understand to really "get the markets".... A condor is a condor, a butterfly is a butterfly, and theta decay, well, time continues to decay. I'd read it if I was looking for a good series of lessons.
Thank you, how I stated before I will look into buying this book, I do know most basics about options, the begginer basics, like calls/puts,etc. really simple stuff, i will look into this book although, thanks again.
i like the following books.. not necessarily related to trading.. the alchymist the greatest salesman in the world god debris Inside the House of Money Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing The Book of Risk Liar's Poker Machine Learning The Elements of Statistical Learning Think and Grow Rich! Richest Man in Babylon Incompleteness: The Proof and Paradox of Kurt Godel Genetic Algorithms for Pattern Recognition Games People Play Born to Win: Transactional Analysis With Gestalt Experiments Artificial Intelligence in Finance & Investing art of contrary thinking How I Made 2,000,000 in the Stock Market Winning the Loser's Game Collapse: How Societies Choose to Fail or Succeed Descartes' Error: Emotion, Reason, and the Human Brain The Prince against the gods Complete Works Plato Relativity Visualized Japanese Candlestick Charting Encyclopedia of Chart Patterns fooled by randomness Silent Power by Stuart Wilde The Global-Investor Book of Investing Rules Invaluable advice from 150 master investors Risk Arbitrage: An Investor's Guide market wizards High Probability trading madness of the crowd In an Uncertain World: Tough Choices from Wall Street to Washington anything on jesse livermore***** Isis Unveiled***** The Secret Doctrine*****
what can I say.............wow a great post, thanks for posting, thank you very much. I will try to read most of them becouse most of them I did not, it will take me a year to do so i think. THANK YOU VERY MUCH, batman
Iv'e read a couple dozen and my top 3 favorites are: 1. How I made $2,000,000 in the Stock Market 2. Reminiscences of a Stock Operator 3. The Stock Trader If I had to pick the next 3 they would be all three Market Wizards books.