Options Math for Traders, + Website: How To Pick the Best Option Strategies for Your Market Outlook

David O said Don't be a player Own the Casino!. `Options Math' is really a misnomer, as the book has little to do with math and much to do with strategy. When should you use simple buys and sells of calls and puts? When should you use combinations such as calendar spreads, vertical put spreads and risk reversals? Such trade strategies are well documented but how they work and when, have not been well covered elsewhere. There are numerous strategies such as iron condors etc. but what Scott Nations does is pick the five most useful. He then explains why they work and how to use them along with insightful examples.The book is divided into three parts:* The Basics. CRAIG F said Evaluate your Best Options with this Book. SUMMARY: Concise enough for novices, and beneficial for intermediate traders, coupled with a helpful website, highlighting trades that "get the math working for you". Each chapter concludes with a helpful"Takeaways" section that summarizes key points from the chapter, enabling quick review or future reference. I find myself referring to the latter portion of the book frequently and recommend it highly.DETAILS: I first heard of the author on CNBC's "Options Action", a show that I used to watch primarily to understand option trade structures and the rationale behind them, rather than for specific trades to follow. . Don't waste your time or money on this JDM I can't believe I'm even giving this 2 stars. 2 Stars only because there is some valuable information with respect to certain strategies, selling puts if you are bullish on the underlying and you think the stock is due for a small pullback before resuming an up trend. Why not take in some premium instead of just entering a limit order to buy at the strike price? Anyone who has even thought about options trading would already be aware of this simple strategy. This book didn't do much for me other than a refresher on Greeks. Even then, why does a retail options trader even need to know the calculations beind the Gr

"Options Math for Traders + Website: How to Pick the Best Option Strategies for Your Market Outlook by Scott Nations is an excellent educational tool for the investor wishing to utilize options in their investment strategies.  Options Math for Traders guides you and helps you understand the thought process when evaluating and analyzing risk and reward on an options trade". —Dax Rodriguez, President, Livevol, Inc.

This book skillfully highlights those strategies that are inherently superior from an option math point of view and explains what drives that superiority while also examining why some strategies are inherently inferior.The material is explained without complex equations or technical jargon. The idea behind Options Math for Traders + Website is to help retail option traders understand some of the basic tenants and enduring relationships of options, and option math, that professional and institutional traders rely on every day. Topics covered include the volatility premium, because over time, options will cost more than they are ultimately worth; skew, wherein far out of the money put options may seem cheap from an absolute term, but are very expensive in relative terms; and the acceleration in option price erosion. With Options Math for Traders + Website as your guide, you'll gain valuable lessons in this area and discover how this information can improve your trading performance.. The goal is to give you a solid conceptual foundation of options behavior so you can make more informed decisions when choosing an option strategy for your market outlook. A practical guide to the math behind options and how that knowledge can improve your trading performanceNo book on options can guarantee success, but if a trader understands and utilizes option math effectively, good things are going to happen. The book also has a companion Website, which in