Positional Option Trading: An Advanced Guide (Wiley Trading) - Tapa dura

Acerca del autor

Euan Sinclair, PhD, is an options trader and financial engineer at Hull Tactical. He holds a doctorate in theoretical physics from the University of Bristol.

De la contraportada

Created for experienced traders who desire the significant benefits of including options in their trading strategies and portfolios, Positional Option Trading: An Advanced Guide shows readers how to find a trading situation with an edge, structure a trade, and control the risk.

Written in three parts, the first section of Positional Option Trading discusses the efficient market hypothesis and how, even if we accept it as true, it leaves plenty of room for the discovery of profitable trading strategies. These opportunities can be categorized as inefficiencies or risk premia, each of which should be traded differently. The author also discusses behavioral psychology and its ability to inform our strategies. Technical and fundamental analysis are explored as ways of finding trading edges.

Forecasting, as well as the overpricing of implied volatility are examined in the next chapters, while the section closes with a description of eleven specific phenomena that can be profitably traded.

The second part of the book discusses the distributional properties of some option structures used to monetize the trading edges revealed by the previously discussed techniques. Volatility trading structures and directional option trades are examined next.

Finally, the third part of Positional Option Trading discusses the concept of risk generally. The book closes with a description of specific topics like trade sizing and the idea of unknowable risks, using historical examples as a guide.

Perfect for moderately to highly experienced traders who hope to use option trading to reduce risk and increase returns in their trading strategies, Positional Option Trading belongs on the bookshelves of professional traders and money managers as well as those who wish to maximize the efficiency of their own portfolios.

De la solapa interior

Created for experienced traders who desire the significant benefits of including options in their trading strategies and portfolios, Positional Option Trading: An Advanced Guide shows readers how to find a trading situation with an edge, structure a trade, and control the risk.

Written in three parts, the first section of Positional Option Trading discusses the efficient market hypothesis and how, even if we accept it as true, it leaves plenty of room for the discovery of profitable trading strategies. These opportunities can be categorized as inefficiencies or risk premia, each of which should be traded differently. The author also discusses behavioral psychology and its ability to inform our strategies. Technical and fundamental analysis are explored as ways of finding trading edges.

Forecasting, as well as the overpricing of implied volatility are examined in the next chapters, while the section closes with a description of eleven specific phenomena that can be profitably traded.

The second part of the book discusses the distributional properties of some option structures used to monetize the trading edges revealed by the previously discussed techniques. Volatility trading structures and directional option trades are examined next.

Finally, the third part of Positional Option Trading discusses the concept of risk generally. The book closes with a description of specific topics like trade sizing and the idea of unknowable risks, using historical examples as a guide.

Perfect for moderately to highly experienced traders who hope to use option trading to reduce risk and increase returns in their trading strategies, Positional Option Trading belongs on the bookshelves of professional traders and money managers as well as those who wish to maximize the efficiency of their own portfolios.