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.
Trading Options as a Professional: Techniques for Market Makers and Experienced Traders / Edition 1by 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/i>… See more details below
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
- 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.
- McGraw-Hill Professional Publishing
- Publication date:
- Edition description:
- Hardcover with CDROM
- Product dimensions:
- 6.20(w) x 9.10(h) x 1.40(d)
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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
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