Trading Option Greeks

How Time, Volatility, and Other Pricing Factors Drive Profit

Author: Daniel Passarelli

(bettertrades) - Trading Option Greeks is an essential book for anyone who seriously wants to learn options trading. Veteran option trader and founder of Market Taker Mentoring LLC, Dan Passarelli, takes the seemingly complex topic of option greeks and makes it approachable for traders of all experience levels.

Option greeks are the metrics that traders use to understand the potential profits and risks of option positions. The greeks -- delta, gamma, theta, vega and rho -- are all explained in great detail throughout the book. Passarelli uses realistic examples of option strategies in his examples to help his readers gain both an intellectual and a practical understanding of option greeks.

Trading Option Greeks also explains option trading from the perspectives of both directional and non-directional trading. After covering the more simplistic directional trades, Passarelli discusses at length option techniques for both direction-neutral and direction-indifferent trading.

Passarelli also sheds light on how professional traders from the trading floor think about their option positions. He goes into depth on the more complex--historically professional--option strategies and explains how the non-professional trader may use them.

Trading Option Greeks is a highly educational option-trading book for both beginning and advanced option traders and essentail for any trader's library.