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Book: Trading Option Greeks: How Time, Volatility, and Other Pricing Factors Drive Profit :: Robert Kiyosaki|Books :: Book
Date: Friday, 21 November, 2008 :: 01:12
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Trading Option Greeks: How Time, Volatility, and Other Pricing Factors Drive Profit
List Price: USD $59.95
from USD $33.85
Product Group: book
Manufacturer: Bloomberg Press
Format: Illustrated
Studio: Bloomberg Press
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Editorial Review: 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.
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Reviews:
Average Customer Review: 
0 of 1 people found the following review helpful:
Summary: great book
Date: 2008-09-22 - 
Comment: 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
18 of 19 people found the following review helpful:
Summary: Its alright
Date: 2008-09-18 - 
Comment: 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.
4 of 7 people found the following review helpful:
Summary: Finally We have it ....
Date: 2008-09-01 -
Comment: 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.
3 of 6 people found the following review helpful:
Summary: Excellent
Date: 2008-08-14 -
Comment: If options are Greek to you, I strongly suggest that you read this book. Dan Passarelli succinctly shares his knowledge of options trading strategies and the components that comprise an option's price. Expert and novice options traders will glean valuable information, which increases both their knowledge of options and the value of their trading accounts.
6 of 10 people found the following review helpful:
Summary: To Truly Understand Options, Greeks and Options Pricing
Date: 2008-08-12 -
Comment: As a former Market Maker and Floor Trader, Dan has written a very thorough, easy-to-understand book explaining complex ideas. If, for example, you have only bought Calls and Puts and/or sold Covered Calls, his book will give you the understanding of pricing and strategies from the professional's perspective -- and will aid you in advancing your options trading to a different level. It covers many areas beyond just "The Greeks".
Moby Waller, Portfolio Manager, Advanced Options Strategies service, BigTrends.com
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