Trading Options Greeks: How Time, Volatility, and Other Pricing Factors Drive Profits

A comprehensive book for the one who wants to understand the inner workings of Options. It is an intermediate level book. You should have some prior experience trading to take full advantage of the book. Or at least you need to be familiar with options and how it works.

Having just finished the book, I can say definitively, this is essential reading for anyone venturing into options trading, and it's definitely money well spent. There are errors in the book as pointed out by other reviewers. Typographical errors can be overlooked, but some errors are in-congruent with the actual explanation of key topics, for example, page 228 the author states "the more expensive options are being sold, the less expensive bought" when describing a debit spread? On page 229 he is discussing a Jan/Feb diagonal spread, yet refers to an August expiration from the previous example? On the second to last page he adjusts an iron condor by rolling the credit legs but buys the 39 call/sells the 40 to a debit spread? The worry is that these type of editorial errors, lead the reader to ask "have I missed something in the explanation, or has the author made an error". One word of warning to prospective readers is in the over use of hyphens, in the worse possible places, that mislead the reader into thinking they are minus signs in formulas. The other issue is with the introduction of put call parity. I didn't understand why the author introduces it so early in such a vague way. I then went on to Wikipedia for a more digestible explanation. Then having reached chapter Chapter 6, the book gives a thorough and comprehensive breakdown of the topic -which for me could have been introduced earlier (should have jumped to chapter 6, then gone back to it). My criticisms are submitted to be constructive, not overly harsh. I do commend the author for qualifying all his workings with explanations. As I say, this is a worthy buy delving into the nuts and bolts of options trading. Would I buy the book again, despite these editorial oversights?- definitely. Despite the mention of gamma as a second derivative, all of the maths needed, is basic addition, subtraction and multiplication, so don't be put off buying it for fear you need a degree in maths.

Excellent reference book on advanced options concepts!

Livro excelente. Com pouquíssimo uso de equações matemáticas complexas, o autor consegue passar um bom nível de conhecimento sobre as gregas e operações com opções. Vale muita a pena.

Allora a livello tecnico e di ricerca matematico/finanziaria il libro di Hull rimane il primo in classifica. Tuttavia devo ammettere che questo è davvero molto interessante perché tralasciando le formule matematiche riesce a far comprendere concetti piuttosto difficoltosi. Ottimo per un approccio operativo alle opzioni.