Trading Options for Edge

If you have experience in option trading, or a strong understanding of the options markets, but want to better understand how to trade given certain market conditions, this is the book for you. Mark Sebastian's new edition will teach trade evaluation, using Greeks, trading various spreads under different market conditions, portfolio-building, and risk management. Sebastian's approach will help traders understand how to find edge, what kind of trade under what conditions will capture edge, and how to create and successfully hedge. The book demonstrates how to structure a portfolio of trades that makes more money with less risk.

Table of Contents:

Foreword by Bill Luby

Part I: Professional Lessons Every Trader Needs to Know ¿

Chapter 1: Trading in Options ¿

Chapter 2: Risk Management ¿

Chapter 3: Market Makers, Risk, and the Individual Trader ¿

Chapter 4: Volatility ¿

Chapter 5: What Is Edge? ¿

Chapter 6: Locking in Edge ¿

Part II: Using Spreads ¿

Chapter 7: A Quick Review of Spreads ¿

Chapter 8: Adding Edge to Spreads ¿

Chapter 9: Butterflies and Condors ¿

Chapter 10: The Front Spread ¿

Chapter 11: Calendar Spreads ¿

Chapter 12: Trading VIX

Chapter 13: Trading VIX ETP's and ETF's

Part III: Global Risk ¿

Chapter 14: How a Market Maker Trades ¿

Chapter 15: Portfolio Greeks ¿

Chapter 16: Investing with Options/Stock Replacement

Chapter 17: Hedging and Crisis Alpha with Options ¿

Part IV: Appendices ¿