Options Gamma Trading explains options gamma from first principles, in a clear and straightforward manner. Gamma hedging strategies are explained and discussed. Each section provides a comprehensive set of questions with full worked answers to test the reader's knowledge.

Following the welcome release of the first Extrinsiq Advanced Options Trading Guide, Volume 2 explains options volatility strategies in depth.This volume provides an accessible guide to option volatility trading strategies, their profit motivations and their risk profiles. Learn the essential risk characteristics of benchmark option strategies including spreads, risk reversals, straddles, strangles, ladders, ratios, iron condors and more besides. Learn how option traders analyse co...

Understanding the option Greeks is the key to successful option trading and risk management. This Extrinsiq guide offers an in-depth and intuitive guide to the most critical Greeks; delta, vega and theta. In clear, well-written English, each of the Greeks is defined and the market terminology employed by practising traders is explained. The fundamental drivers of each Greek are examined so that the reader can understand why and how options have different values for these key Greeks. Standa...

What is implied volatility? How is it traded? What implied volatility trading strategies are commonly used in the derivatives markets?These questions and more are examined in this concise introduction to trading implied volatility. This is the 4th volume of the popular Extrinsiq Advanced Options Trading Guides series. Implied volatility is explained as a predictor of volatility, as well as a way to view the price of options. How to gain exposure to implied volatility via options an...

Not losing money with options is a vital step on the path to being profitable with options. This volume of the best-selling Extrinsiq Advanced Options Trading Guides details dozens of the most common mistakes and trading disasters that every option trader (whether professional or retail) will want to avoid. In depth examples and recommendations for how to avoid such blunders are given. The topics covered include directional trading, exercise and expiration, mishandling of delta, problems w...

Starting from first principles, option market making is explained in straightforward English. Separate sections discuss the strategy and business of market making, how option market makers typically determine prices and how market makers look to manage option portfolio risk. Simple but detailed examples are provided throughout. Three sets of exercises, complete with solutions, are provided to test the reader's understanding.Published by Extrinsiq, this is the third volume in the co...