{"product":{"product_id":"0071818774","title":"Option Volatility and Pricing: Advanced Trading Strategies and Techniques, 2nd Edition","price":"61.8","image_url":"https://m.media-amazon.com/images/I/51JqoQ8pWZL._SL500_.jpg","url":"https://www.amazon.com/dp/0071818774"},"comments":[{"body":"My friend recommended me [this](https://www.amazon.com/gp/product/0071818774/ref=s9_acsd_top_hd_bw_bh6_c_x_7_w?pf_rd_m=ATVPDKIKX0DER\u0026amp;pf_rd_s=merchandised-search-3\u0026amp;pf_rd_r=ZDAZP45K2JJSN11CVT2J\u0026amp;pf_rd_t=101\u0026amp;pf_rd_p=81ab2fe8-f608-57e3-a9ca-14b0128486a3\u0026amp;pf_rd_i=2672) when I first started, but the truth is all the reading in the world isn't going to give you real-world experience.  Start small, do your research, thorough research.  Learn about greeks, IV, when to take profit, ect.  Study the stocks you're interested in and know about, don't worry about trying to follow someone else's trades on a company you know nothing about.\r\n\r\nPersonally, I started small with 250 and made smart choices to bump it up to 2400 in three weeks, but I got cocky and didn't fully research an investment so I lost 1000 in one trade.  If I had kept a level head I would have noticed that there was a significant short interest trying to drive the stock down and the low volume added fuel to the fire. Undervalued or not, hedge funds with billions to throw around can influence the stock price of most companies quite a bit, always be aware of that.\r\n\r\nOnce you gain some experience and understanding, day trading with the current level of volatility is pretty easy albeit risky at times.  Just remember to not gamble with money you can't afford to lose.  It may be boring but I keep about 5/6ths of my portfolio in equity that I rarely touch.  For every one person you see on this sub that turns 40k into 250k on a MU yolo, there are ten others that turned their 40k into 0k. Be smart and goodluck!","subreddit_name":"wallstreetbets","author":"ddak88"},{"body":"Option Volatility and Pricing: Advanced Trading Strategies and Techniques, 2nd Edition https://www.amazon.com/dp/0071818774/ref=cm_sw_r_cp_api_glt_fabc_06VNJSD6Y5PX7GKD0SF8\r\n\r\nCan’t recommend this one enough. I’ve read it multiple times and always come back to it if i have questions.","subreddit_name":"thewallstreet","author":"jmayo05"},{"body":"The Euan Sinclair books will.do the math, but not super in-depth, if you want a practical treatment of how they can be used with real options trading:\r\n\r\n*Volatility Trading*\r\n*Positional Options Trading*\r\n\r\nInB4 everyone else recommends the Natenberg book:\r\n\r\nOption Volatility and Pricing: Advanced Trading Strategies and Techniques, 2nd Edition\r\n\r\nhttps://www.amazon.com/Option-Volatility-Pricing-Strategies-Techniques/dp/0071818774","subreddit_name":"options","author":"ScarletHark"},{"body":"I would highly recommend against this course of action if you intend to get your information from YouTube. You would need to sit with an actual book like [Natenburg's](https://www.amazon.com/Option-Volatility-Pricing-Strategies-Techniques/dp/0071818774#:~:text=SHELDON%20NATENBERG%20is%20a%20well,the%20Chicago%20Board%20of%20Trade) and slowly learn the stuff. It took me four years before I could comfortably touch options with knowledge of what I was doing.\r\n\r\nYou can dabble of course but you're not going to be in a good place to try and sell premium for a year's worth of bills if you're doing a 30 minute crash course on YouTube. That's my advice. I do not have any YouTube recommendations.","subreddit_name":"financialindependence","author":"SaltAny334"},{"body":"Tbh I learned the most about options from \"In The Money\" on YouTube. Not overly technical, and makes it easy to understand. But if you're really serious, you could check out this book I just bought; [Option Volatility \u0026amp; Pricing](https://www.amazon.com/dp/0071818774/ref=cm_sw_r_u_apa_glt_i_F41W8PE4GWMGSG6PHGAJ?_encoding=UTF8\u0026amp;psc=1)","subreddit_name":"wallstreetbets","author":"RuskiyyBot"},{"body":"First, read [option volatility and pricing](Option Volatility and Pricing: Advanced Trading Strategies and Techniques, 2nd Edition htwww.amazon.com/dp/0071818774/ref=cm_sw_r_cp_api_glt_i_JV25TVJGD4H35254HBV2)\r\n\r\nNext, you might benefit from a subscription service like Flashpoint Fortunes to get started.","subreddit_name":"options","author":"Neekovo"},{"body":"Yep. That’s a spread. You can do it as you describe, or you can buy and sell two calls with different strikes. Try reading [options volatility and pricing](https://www.amazon.com/Option-Volatility-Pricing-Strategies-Techniques/dp/0071818774/ref=nodl_)","subreddit_name":"options","author":"Neekovo"},{"body":"You should read [Options Volatility and Pricing](https://www.amazon.com/Option-Volatility-Pricing-Strategies-Techniques/dp/0071818774/ref=mp_s_a_1_3?crid=1PNJJF03V196G\u0026amp;keywords=options+volatility+and+pricing+by+sheldon+natenberg\u0026amp;qid=1643751434\u0026amp;sprefix=iptions+volatil%2Caps%2C206\u0026amp;sr=8-3)","subreddit_name":"options","author":"Neekovo"},{"body":"If you are delta hedged, then you should be fine. For instance, sell a 30 delta call and buy 30 shares of stock. The net delta of your position is now 0. This means that for small changes in the underlier price, the value of your portfolio will be unchanged. However, if the IV goes down, you win.\r\n\r\nA good book to read about this kind of trading is [Natenberg](https://www.amazon.com/Option-Volatility-Pricing-Strategies-Techniques/dp/0071818774).","subreddit_name":"options","author":"optiongeek"},{"body":"I got it when it was on sale for around $60 earlier in the year. It’s a good book when it comes to option mechanics. [Natenberg’s Book](https://www.amazon.com/dp/0071818774/ref=cm_sw_r_cp_api_fabc_G7YYFb9AQE7MM?_encoding=UTF8\u0026amp;psc=1) is pretty great too.\r\n\r\nThere’s no rush for people to buy these since the PDF’s of previous editions are readily available online (and probably your library too). I do think they are worth buying if you can get them for below $70.","subreddit_name":"options","author":"HokkaidoHeroes"},{"body":"I agree with everyone recommending paper trading first, but I've found that you really need to open a **small** cash account to really get the feel of it. Also, if you're smart enough to succeed at this, then you're smart enough to read [Natenberg](https://www.amazon.com/Option-Volatility-Pricing-Strategies-Techniques/dp/0071818774). Check your local library before buying; that's where I found a copy.\r\n\r\nYou will lose money while you're learning. Keep your trading account separate from your savings, and don't pin your hopes on this working out. You get a pension, right? Definitely keep that job.","subreddit_name":"options","author":"zaccus"},{"body":"[Option Volatility and Pricing - Sheldon Natenberg](https://www.amazon.com/dp/0071818774/ref=cm_sw_r_cp_api_glt_fabc_HXAYE38EAPP1N57D80YK)\r\n\r\nCan be a little heavy but for anything you can find on YouTube acts as a good fill in the gaps.","subreddit_name":"options","author":"investmentwatch"},{"body":"depending on how much time you want to spend on it: https://textbookbasics.com/product/options-futures-and-other-derivatives-9th-edition-2014-by-john-c-hull/?utm_source=Google%20Shopping\u0026amp;utm_campaign=Textbookbasics\u0026amp;utm_medium=cpc\u0026amp;utm_term=2560\u0026amp;gclid=Cj0KCQiA9P__BRC0ARIsAEZ6irg7mZAYlDE0lkEwnPwbcG-Enk91bGtmtU_SLcFwVELfAIwJYMHOuFkaAn6TEALw_wcB\r\n\r\nit's difficult af and you have to be able to follow along ito integrals and shit. But it'll give you a fundamental understanding.\r\n\r\nIf you don't want to go through that slog, you can get a much more practical view with https://www.amazon.com/Option-Volatility-Pricing-Strategies-Techniques/dp/0071818774","subreddit_name":"algotrading","author":"arbitrageME"},{"body":"As a vol trader, I would highly recommend Natenburg's book: https://www.amazon.com/dp/0071818774/ref=cm_sw_r_cp_apa_fabc_TbQYFb51B8F8W","subreddit_name":"options","author":"sppburke"},{"body":"https://www.amazon.com/Option-Volatility-Pricing-Strategies-Techniques/dp/0071818774/ref=nodl_","subreddit_name":"wallstreetbets","author":"BarbellPadawan"}]}