Options trading BOOKS

[Aquarians]

I was ironic when saying "a light read". But I do have a reasonable grasp over what's in there (martingale pricing, change of measure, Fokker-Planck) since by my engineering background I believe you gotta know the foundations before building upon them.

 

[just21]

there is fantastic FREE options training at 21stcenturyinvestor.com- it takes months not 2 minutes,like forex-as it's a complicated subject-but selling options naked is for idiots who eventually get blown up -check out Taleb and Sornette. Some people sell puts to buy stock at a discount-so you are securing the trade with cash and you get the stock cheaper,but take the very real risk that it has dropped and will drop a lot more. The current market volatility is not suitable for ANY selling in my opinion as when the next big event happens,none of the smug b*stards who have ridden this taxpayer fuelled gravy train have any clue what to do. They have never seen VIX at even 10% -how do you think they'd cope with it at 80? I've known puts trading at 2, go to 300 in a week. I look forward to the next crash personally,and a return to VIX at 15. A good trader manages risk, a crap trader thinks he is a genius in a bull**** market

You can sell options in markets that are not the stock market with an IB account.

 

[Two Sheds]

Report back here after you have thoroughly read through that book twice,
and have applied that knowledge and wisdom in your trading.

Hopefully, you will have nice profits to show for then,
I'm always curious about how trading book readers and seminar or website class takers actually perform in the real world life market,

Will do - seems it is more about truly understanding how options work and how the pros and MM's analyze and use them as opposed to the retail trader or gambler mindset that make 90% of the donations LOL