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Managing Expectations: Driving Profitable Option Trading Outcomes through Knowledge, Discipline, and Risk Management
Options trading legend Anthony Saliba delineates his trading ethos for the first time in Managing Expectations. This includes the strategies and tactics he used to achieve 70 consecutive months of profitable options trading.
In Managing Expectations, Saliba shows options traders how to trade options while navigating the markets for volatility and opportunity. There is a full compliment of studies on first and second order greeks including gamma, delta, vanna, and vomma.
Implied Volatility is studied from a theoretical and practical standpoint. Readers are shown vivid examples of trading around a core option strategy while monitoring the greeks and implied volatility with charts and graphs. You'll learn how to trade the IV of a particular underlying security.
Managing Expectations also shows readers how to roll positions. You can sell a Long Call and go flat taking profits, but you can also deploy several other tactics to prolong profitability. This isn't just theory, but how Saliba trades and how he trained his traders over the years.
This book illustrates trading techniques from short-term gamma scalping to trend following while delineating how to manage risk. Readers will not have any trading blind spots after reading Managing Expectations .
For a limited time, hardcover purchases come with FREE Audiobook and eBook version downloads, as well as the accompanying educational videos.
Register for them at ManagingExpectationsBook.com.
In Managing Expectations, Saliba shows options traders how to trade options while navigating the markets for volatility and opportunity. There is a full compliment of studies on first and second order greeks including gamma, delta, vanna, and vomma.
Implied Volatility is studied from a theoretical and practical standpoint. Readers are shown vivid examples of trading around a core option strategy while monitoring the greeks and implied volatility with charts and graphs. You'll learn how to trade the IV of a particular underlying security.
Managing Expectations also shows readers how to roll positions. You can sell a Long Call and go flat taking profits, but you can also deploy several other tactics to prolong profitability. This isn't just theory, but how Saliba trades and how he trained his traders over the years.
This book illustrates trading techniques from short-term gamma scalping to trend following while delineating how to manage risk. Readers will not have any trading blind spots after reading Managing Expectations .
For a limited time, hardcover purchases come with FREE Audiobook and eBook version downloads, as well as the accompanying educational videos.
Register for them at ManagingExpectationsBook.com.
- GenresFinance
474 pages, Hardcover
Published November 19, 2016
19 people are currently reading
126 people want to read
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Displaying 1 of 1 review
February 5, 2017
I would highly recommend this book for anyone starting in options trading or looking for a quick refresh - whether personal trading or industry trading. Compared with the most read options trading book, Option Volatility & Pricing by Sheldon Natenberg, this book is much better. Managing Expectations covers the same material, if not more, in a practical and succinct way.
The author, Anthony Saliba, is profiled in the book Market Wizards. Right from the beginning of the book, he jumps into options from a trading perspective.
He doesn't spend too much time on the very basics which I think is good, put-call parity and Greeks which comprises about the quarter of the book. The next quarter of the book is focused on volatility. The second half of the book is focused on different strategies. He discusses volatility and option strategies in the way a trader would look at them. In every concept he introduces, he tries to tie it to some real-world situation. He also has a small section at the end dedicated to practical situations.
Trading books written in this way are hard to find and I think this is a great one for options.
The author, Anthony Saliba, is profiled in the book Market Wizards. Right from the beginning of the book, he jumps into options from a trading perspective.
He doesn't spend too much time on the very basics which I think is good, put-call parity and Greeks which comprises about the quarter of the book. The next quarter of the book is focused on volatility. The second half of the book is focused on different strategies. He discusses volatility and option strategies in the way a trader would look at them. In every concept he introduces, he tries to tie it to some real-world situation. He also has a small section at the end dedicated to practical situations.
Trading books written in this way are hard to find and I think this is a great one for options.
Displaying 1 of 1 review