Option Trader's Workbook, The: A Problem-Solving Approach

by Jeff Augen

Successful options trading requires extensive practice. With "The Option Trader's Workbook, Second Edition, "you can get all the hands-on practice you need, without risking a dime! Updated with the newest trading techniques, it contains hundreds of realistic problems for beginners, intermediate-level traders, and even experts. You'll walk through trades designed to profit from changing prices and volatility, time decay, and many other factors. This edition's new problems include: CBOE Weekly Options Expiration options; using collars, covered calls, and covered puts to structure income-generating trades with well-defined risk profiles; using ratio and variance trading, VIX options, and volatility ETFs; and much more. Fully explained solutions are provided for every problem.

312 pages, Kindle Edition

First published January 1, 2008

Reviews

[Andrew Mueller · Rating 4 out of 5]

This book is indeed literally a workbook of practice problems that cover real trading situations. He focuses on a particular trade or situation for several problems in a row. This is an excellent reference for several different options trading strategies as well as thinking about volatility.

Like many options books, he does cover a lot of basic information and then goes into basic covered strategies. The mainstay of the book for me were chapters 4 & 5 on complex trades. He covers the following here: Vertical Spreads, Calendar Spreads, Diagonal & Calendar Spreads, Ratio trades, Butterfly spreads and more.

He also focuses a lot of volatility and how volatility impacts pricing, etc.

[Glenn Liguori]

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