Trading Option Greeks: How Time, Volatility, and Other Pricing Factors Drive Profit | 
 enlarge | Author: Dan Passarelli
Creator: William J Brodsky
Publisher: Bloomberg Press
Category: Book
List Price: $59.95
Buy New: $33.85
You Save: $26.10 (44%)
New (29) Used (6) from $32.99
Rating:  5 reviews
Sales Rank: 42612
Format: Illustrated
Media: Hardcover
Pages: 330
Number Of Items: 1
Shipping Weight (lbs): 1.5
Dimensions (in): 8.9 x 6.2 x 1.2
ISBN: 157660246X
Dewey Decimal Number: 332.6453
EAN: 9781576602461
ASIN: 157660246X
Publication Date: June 1, 2008
Availability: Usually ships in 1-2 business days
Shipping: Expedited shipping available
Shipping: International shipping available
Condition: WOW! FREE BOOK with purchase: "Keeping a Cool Head in a Hot Market" (a $10, 40 page e-book). Mint condition, prompt shipment, in business since 1975.
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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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| Customer Reviews:
 great book September 22, 2008
T. Gorski (Warsaw, Poland)
0 out of 1 found this review helpful
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
 Its alright September 18, 2008
Aniruddha Pant (India)
18 out of 19 found this review helpful
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.
Finally We have it .... September 1, 2008
Touma M. Elias (San Diego, Ca)
4 out of 7 found this review helpful
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.
Excellent August 14, 2008
Tycho Clayton
3 out of 6 found this review helpful
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.
To Truly Understand Options, Greeks and Options Pricing August 12, 2008
M. Waller (BigTrends.com)
6 out of 10 found this review helpful
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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