A detailed, one-stop guide for experienced options traders
Positional Option Trading: An Advanced Guide is a rigorous, professional-level guide on sophisticated techniques from professional trader and quantitative analyst Euan Sinclair. The author has over two decades of high-level option trading experience. He has written this book specifically for professional options traders who have outgrown more basic trading techniques and are searching for in-depth information suitable for advanced trading.
Custom-tailored to respond to the volatile option trading environment, this expert guide stresses the importance of finding a valid edge in situations where risk is usually overwhelmed by uncertainty and unknowability. Using examples of edges such as the volatility premium, term-structure premia and earnings effects, the author shows how to find valid trading ideas and details the decision process for choosing an option structure that best exploits the advantage.
Advanced topics include a quantitative approach for directionally trading options, the robustness of the Black Scholes Merton model, trade sizing for option portfolios, robust risk management and more. This book:
* Provides advanced trading techniques for experienced professional traders
* Addresses the need for in-depth, quantitative information that more general, intro-level options trading books do not provide
* Helps readers to master their craft and improve their performance
* Includes advanced risk management methods in option trading
No matter the market conditions, Positional Option Trading: An Advanced Guide is an important resource for any professional or advanced options trader.
Зміст
Introduction – ‘You know nothing Jon Snow’.
Chapter One: Options: A Summary Option Pricing Models
Chapter Two: The Efficient Market Hypothesis and its Limitations
Chapter Three: Forecasting Volatility
Chapter Four: The Variance Premium
Chapter Five: Finding Trades with Positive Expected Value
Chapter Six: Volatility Positions
Chapter Seven: Directional Option Trading
Chapter Eight: Directional Option Strategy Selection
Chapter Nine: Trade Sizing
Chapter Ten: Meta Risks
Appendix 1
Appendix 2
Appendix 3
Conclusion
Про автора
Euan Sinclair, Ph D, is an options trader and financial engineer at Hull Tactical. He holds a doctorate in theoretical physics from the University of Bristol.
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