[TheOptionClub.com] Re: butterflies

 

I have Saliba’s book on spreads, which is pretty good.  The book discussed here doesn’t get good reviews.  It is one of the few trading books I don’t have!!  Most of these books tell you what to do when you are in the huddle, but not when the pass rush is on, and you are looking for a receiver.  (Not a bad analogy for an Englishman!)  We don’t need more fancy spreads – they just move the lines around a bit on the risk graph.  What we need is a sense of “I am in a calendar, and my deltas have gone from 5 to minus 62, and I am sliding into the abyss.  What do I do?”  That kind of stuff.  I may sound like I know what I am talking about, but I am lousy at it.  There is a book called “Trading Option Greeks”, which I left in the supermarket cart because it was my “standing in line” book and I forgot it.  I am currently back on Augen’s Volatility Edge, which I didn’t really understand the first time through.  Do any of you guys out there have an opinion on these?

 

Bill

__._,_.___

Reply to sender | Reply to group | Reply via web post | Start a New Topic

Messages in this topic (72)

Recent Activity:

• New Members 9
• New Files 1

Visit Your Group

The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading.  All messages and postings, and any materials circulated are provided for discussion and educational purposes only.  No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice.  All investors are encouraged to consult a qualified professional before trading in any security.  Stock and option trading involves risk and is not suitable for most people.  There is no guarantee that any information provided is accurate and, may in fact, be wrong.  It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student.  As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.

To unsubscribe from TheOptionClub, send an email to:
OptionClub-unsubscribe@yahoogroups.com

MARKETPLACE

Hobbies & Activities Zone: Find others who share your passions! Explore new interests.

Switch to: Text-Only, Daily Digest • Unsubscribe • Terms of Use

.

__,_._,___