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What to read after Natenberg?
- Thread starter ferrycorsten
- Start date
Quote from osho67:
I am not good at maths but I am keen to understand risks of various options strategies and eventually find good applicationa for options. Is there any hope for me without maths. Thanks
Sure. It's like price shopping at the supermkt (if you accept model constraints). Everything reduces to relative value; IV/HV, vertically or on time. It still involves a lot of mining and you need to be a good predictor of something; whether it be the fwd price of spot or vol.
Strips, term or spot. Choose two of three.
Quote from sle:
One thisng that I have discovered is that options are like sex - it is much easier to understand pictures then words. So, I kept drawing various explanatory figures for my junior traders and over the years it all compiled into a pretty thick album. It has a lot of stuff , from intuitive explanations of Greeks and their use to dispersion and variance strategies.My last junior guy called it "options porn". I keep thinking of scanning it and posting it here, but it is a lot of work.
I'll bet your book would outsell most option books until they found out it was really about options trading. Spice it up a bit and you may have a best-seller!
I cant believe these figures are correct. What french do to find porn? look in the window??Quote from kapw7:The new kinky trend:
http://www.google.com/trends/explore#q=options porn [/B]
hmmm... could be....
Woulda Coulda Shoulda by Charles Cottle taught me about options.
great book-- enjoy!
great book-- enjoy!
Thanks for all the responses. What should be read first - Hull or Sinclair?
I suggest reading a book about market psychology.
It's amazing that traders here, and around the world, don't think any differently today, than they did more than a hundred years ago.
Hence the reason there will always be bubbles.... which most will never see coming, followed by busts, which most will not survive.
Human nature, (group think), has never changed and it never will.
A book(s) on market psychology, will offer you a better chance of survival, than any option strategy can.
It's amazing that traders here, and around the world, don't think any differently today, than they did more than a hundred years ago.
Hence the reason there will always be bubbles.... which most will never see coming, followed by busts, which most will not survive.
Human nature, (group think), has never changed and it never will.
A book(s) on market psychology, will offer you a better chance of survival, than any option strategy can.
Quote from ferrycorsten:
Thanks for all the responses. What should be read first - Hull or Sinclair?
Straight after Natenberg i would read Baird, mainly because its very well written and is quite short - it will make you more confident of the principles from Natenberg. Then Cottle, then Sinclair's VT then something much harder.