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Trading Option Greeks: How Time, Volatility, and Other Pricing Factors Drive Profit

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Author: Dan Passarelli
Creator: William J Brodsky
Publisher: Bloomberg Press
Category: Book

List Price: ~~$59.95~~
Buy New: $33.85
You Save: $26.10 (44%)

New (33) Used (5) from $33.85

Avg. Customer Rating: 4.5 out of 5 stars

7 reviews
Sales Rank: 11327

Format: Illustrated
Media: Hardcover
Number Of Items: 1
Pages: 330
Shipping Weight (lbs): 1.5
Dimensions (in): 8.9 x 6.2 x 1.2

ISBN: 157660246X
Dewey Decimal Number: 332.6453
EAN: 9781576602461
ASIN: 157660246X

Publication Date: June 1, 2008
Availability: Usually ships in 1-2 business days
Shipping: Expedited shipping available
Shipping: International shipping available
Condition: WOW! FREE BOOK with purchase: "Keeping a Cool Head in a Hot Market" (a $10, 40 page e-book). Mint condition, prompt shipment, in business since 1975.

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Editorial Reviews:

Product Description
Veteran options trader Dan Passarelli explains a new methodology for option trading and valuation based on the "greeks"--the five factors that influence an option's price. Using the greeks can lead to more accurate pricing information that will lead to trading opportunities. The "greeks" (Delta, Gamma, Theta, Vega, Rho) are tools for measuring minute changes in an option's price based on corresponding changes in: interest rates, time to expiration, price changes in the underlying security, volatility, and dividends. In straightforward language and making use of charts and examples, Passarelli explains how to use the greeks to be a better options trader. With an introduction to option basics as well as chapters on all types of spreads, put-call parity and synthetic options, trading volatility and studying volatility charts, and advanced option trading, "Trading Option Greeks" holds pertinent new information on how more accurate pricing can drive profit.

Customer Reviews: Read 2 more reviews...

5 out of 5 stars

Approach to Options November 29, 2008
1 out of 1 found this review helpful

A fantastic book to add to your library of options analysis. Not for beginners, but if you want to understand why option prices change, this is your book. If you want to understand the implications of various positions, this is your book. If you want to understand how to trade volatility, this is your book. The last part sold me on the book. I have become more confident after reading this book.

4 out of 5 stars

Mostly Readable November 26, 2008
Written with the clarity of a practioner with minimal math density though a little excessive use of tabular data (some charts would have been better). My introduction to options was in a very math dense way which leaves you comfortable with geometric brownian motion but unable to act when faced with real time quotes and a rapidly moving market.

Overall a good effort and worth a read for anyone getting serious with trading options. Would highly recommend changing the font and line spacing to avoid eye fatigue in next editions.

5 out of 5 stars

great book September 22, 2008
1 out of 2 found this review helpful

well written easy to understand for anyone who is interested in options
Author provides with a logical way of looking at options.
Book which every trader should have

3 out of 5 stars

Its alright September 18, 2008
22 out of 23 found this review helpful

When I bought this book, I was expecting really in-depth analysis of various Greeks and their effects on basic option positions as well as complex spreads. However, I was bit disappointed.

If you have read any decent preliminary option trading books (Natenberg, McMillan et al) or if you have been trading option spreads for say 1+ year, this book would be useless. In aggregate there would be about 10-12 page material which may useful for such people. Last chapter on relationships between implied and realized volatility is OK.

For some reason the author has morbid fear for graphs of positions and greeks. He ends up giving tables after tables to illustrate effect of various greeks on option position.

If you are at a stage where you think I buy call option when I am bullish and I buy put option when I am bearish, this book will help you understand the effects of other equally important variables in pricing and trading, but then there are so many other which give this information in a better fashion in my opinion.

5 out of 5 stars

Finally We have it .... September 1, 2008
5 out of 9 found this review helpful

This is an excellent book on a topic that a lot of traders, have no deep understanding. It explains the Greeks in a layman and a trader language, and provides a clear view how to trade and profit using the information, given by these indicators. I like the examples given, especially those on Delta Neutral Trading, which other books hardly mention. Of special interest, was the clear perspective of Market Makers, and how they view trading from their end. This helps a lot, us retail traders,to place our orders in a more efficient way, for faster execution. My congratulations on this book, which was long due.

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