Trading Options as a Professional: Techniques for Market Makers and Experienced Traders / Edition 1

Trading Options as a Professional: Techniques for Market Makers and Experienced Traders / Edition 1

by James Bittman
     
 

The options market allows savvy investors to assume risk in a way that can be very profitable, if the right techniques are used with the proper insight. In Trading Options as a Professional, veteran floor trader James Bittman provides both full-time and professional traders with a highly practical blueprint for maximizing profits in the global options market

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Overview

The options market allows savvy investors to assume risk in a way that can be very profitable, if the right techniques are used with the proper insight. In Trading Options as a Professional, veteran floor trader James Bittman provides both full-time and professional traders with a highly practical blueprint for maximizing profits in the global options market.

This peerless guide helps you think like a market maker, arms you with the latest techniques for trading and managing options, and guides you in honing your proficiency at entering orders and anticipating strategy performance. Most importantly, it gives you access to one of the world's leading educators and commentators as he candidly defines the seven trading areas that are essential for successful options traders to master:

  • Option price behavior, including the Greeks
  • Volatility
  • Synthetic relationships
  • Arbitrage strategies
  • Delta-neutral trading
  • Setting bid and ask prices
  • Risk management

You will benefit from Bittman's exceptional understanding of volatility, his perceptive examples from the real world, and the dozens of graphs and tables that illustrate his strategies and techniques. Each chapter is a complete, step-by-step lesson, and, collectively, give you the best toolbox of profit-making solutions on the options trading floor.

In addition, Trading Options as a Professional comes with Op-Eval Pro, a powerful software that enables you to analyze your trades before you make them by calculating implied volatility, graphing simple and complex options strategies, and saving analyses to review later.

Don't be left guessing on the sidelines--trade with the confidence of a market maker by following the road map to higher profits in Trading Options as a Professional.

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Product Details

ISBN-13:
9780071465052
Publisher:
McGraw-Hill Professional Publishing
Publication date:
11/21/2008
Edition description:
Hardcover with CDROM
Pages:
304
Product dimensions:
6.20(w) x 9.10(h) x 1.40(d)

Related Subjects

Meet the Author

James B. Bittman is a senior instructor at the The Options Institute, which is the educational arm of the Chicago Board Options Exchange (CBOE). A recipient of the 2003 Traders Library Hall of Fame Award, Bittman was a market maker at the CBOE before he traded options on financial and agricultural futures at the Chicago Board of Trade. He is the author of Options for the Stock Investor, Trading Index Options, and Trading and Hedging with Agriculture Futures and Options, all published by McGraw-Hill.

Table of Contents

Introduction Learning to trade options as a professional

Ch. 1 Option market fundamentals 1

Ch. 2 Operating the op-eval pro software 31

Ch. 3 The basics of option price behavior 49

Ch. 4 The Greeks 77

Ch. 5 Synthetic relationships 135

Ch. 6 Arbitrage strategies 163

Ch. 7 Volatility 205

Ch. 8 Delta-neutral trading: theory and reality 241

Ch. 9 Setting bid-ask prices 279

Ch. 10 Managing position risk 311

Epilogue 343

Index 345

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