The best
Options Trading eBooks:
Reddit reviews
From 3.5 billion Reddit comments
The best of Options Trading eBooks by number of unique Reddit comments:
Top Reddit reviews mentioning Options Trading eBooks:
Personally I never stop selling. Do insurance companies stop underwriting car insurances as peak driving season approaches? I think not.
You gotta read this guy and follow the TOMIC framework.
https://www.amazon.ca/Option-Traders-Hedge-Fund-Framework-ebook/dp/B00844NXC6
Oh yeah, the market's already done all the hard work of calculating and pricing in the risk for you. All you gotta do is manage the risk of your own position.
All information is available online, but I like books, because they are structured. I read this book and I think it covers all basics you must know. It's short and doesn't go too deep into details. I think it (or something similar) can be a good start for you.
Yeah I got you.
https://www.amazon.com/Market-Wizards-Interviews-Top-Traders-ebook/dp/B006X50OPW
https://www.amazon.com/Option-Traders-Hedge-Fund-Framework-ebook/dp/B00844NXC6
I have those and their a pretty light read. The first Market Wizards will show you how other traders plan and execute off certain market conditions. The second is going to give you a background on the whole market chain and how options fit in and play off of it.
Of course also read Benjamin Gram's book. Its the bible of investing.
I believe they're referring to someone mention in this book:
https://www.amazon.com/Market-Wizards-Interviews-Top-Traders-ebook/dp/B006X50OPW/
I recommend it. It's a good read!
Yeah I've done that. This helped, it's old but humans haven't changed. You'll find some approach or insight in there that will help you with this and other things.
https://www.amazon.com/gp/product/B006X50OPW/ref=ppx_yo_dt_b_d_asin_title_o00?ie=UTF8&psc=1
Two books on using options intelligently. The first one is great. The second is Canadian and also good.
Unlocking W. D. Gann's Methods : How Gann's Methods Are Applicable to Today's Trading
https://www.amazon.com/dp/B08Q848FNH
FREE until January 13th
> William Delbert Gann (1878-1955) was a legendary American economist and stock market analyst in New York City in the early twentieth century. Gann, a finance trader, developed several technical analysis methods, including the "Gann angles" and the Master Charts, the latter being a collective name for his various tools like the Square of Nine, the Hexagon Chart, and the Circle of 360.
>His market forecasting methods were based on numerology and ancient mathematics and are considered timeless.
>However, throughout time, a singular problem with applying Gann material lies with the correct use of Gann's points.
>Craig Morena attempts to thus RE-DISCOVER Gann and apply his original methods published in the early 20th Century to today’s markets. This book shows you how to USE Gann’s original methods in his books 45 Years in Wall Street, Wall Street Stock Selector amongst others.
Optionality by Richard Meadows has an outstanding decision-making framework. I recommend hard copy over kindle as being easier to use at the implementation stage. I have both and, while kindle was OK for reading, you really want to e able to flip back and forth when you start to implement.
I’ve read this book, Get Rich with Options: Four Winning Strategies Straight from the Exchange Floor. It’s my bread-and-butter of option trading.
The best thing i learnt in trading is temperament and knowing when to walk away. I recommend you read Market Wizards to see how many of the world's best were in your position and worse a few times: https://www.amazon.com/Market-Wizards-Interviews-Top-Traders-ebook/dp/B006X50OPW
Wow.. you are in good company.
If you read Jack Schwager's book market wizards you can read about how just about every top trader has done something similar.
https://www.amazon.com.au/Market-Wizards-Interviews-Top-Traders-ebook/dp/B006X50OPW
Think of this as the best value for money education ever.
Sir, you need to learn more about options before you begin touching it... I recommend reading Understanding Options 2E. The author presents the topic in very easy to understand language.
Regarding your question, the difference is in risk vs reward. If you were to sell a put spread with a 10 point spread, then you have a maximum loss of $1000. A 20 point spread will give you a maximum loss of $2000. Puts with higher strike prices are value more than puts with lower strike price. As a result, you will earn a lot more premium by selling a wider spread. Let's compare the 190/210 and the 200/210 put spreads. In order to sell a spread, you always short the put with the higher strike price and go long on the one with the lower strike. Both spreads consequently will make you go long on the 210 put. You now have a choice of going short the 190 or 200 puts. Since the 190 put is worth far less, you will actually earn a higher net premium by selling the 190/210 put spread than the 200/210 spread. Obviously this comes with a higher risk.
Is it this? I found a bunch of other books here.