Trading Options Greeks: How Time, Volatility, and Other Pricing Factors Drive Profits, Second Edition by Dan Passarelli

The options market is always changing, and in order to keep up with it you need the greeks?delta, gamma, theta, vega, and rho?which are the best techniques for valuing options and executing trades regardless of market conditions. In the Second Edition of Trading Options Greeks, veteran options trader Dan Pasarelli puts these tools in perspective by offering fresh insights on option trading and valuation.

An essential guide for both professional and aspiring traders, this book explains the greeks in a straightforward and accessible style. It skillfully shows how they can be used to facilitate trading strategies that seek to profit from volatility, time decay, or changes in interest rates. Along the way, it makes use of new charts and examples, and discusses how the proper application of the greeks can lead to more accurate pricing and trading as well as alert you to a range of other opportunities.

• Completely updated with new material
• Information on spreads, put-call parity and synthetic options, trading volatility, and advanced option trading is also included
• Explores how to exploit the dynamics of option pricing to improve your trading

Having a comprehensive understanding of the greeks is essential to long-term options trading success. Trading Options Greeks, Second Edition shows you how to use the greeks to find better trades, effectively manage them, and ultimately, become more profitable.Content:
Chapter 1 The Basics (pages 1–22):
Chapter 2 Greek Philosophy (pages 23–53):
Chapter 3 Understanding Volatility (pages 55–72):
Chapter 4 Option?Specific Risk and Opportunity (pages 73–94):
Chapter 5 An Introduction to Volatility?Selling Strategies (pages 95–112):
Chapter 6 Put?Call Parity and Synthetics (pages 113–133):
Chapter 7 Rho (pages 135–143):
Chapter 8 Dividends and Option Pricing (pages 145–159):
Chapter 9 Vertical Spreads (pages 161–183):
Chapter 10 Wing Spreads (pages 185–207):
Chapter 11 Calendar and Diagonal Spreads (pages 209–233):
Chapter 12 Delta?Neutral Trading: Trading Implied Volatility (pages 235–252):
Chapter 13 Delta?Neutral Trading: Trading Realized Volatility (pages 253–268):
Chapter 14 Studying Volatility Charts (pages 269–282):
Chapter 15 Straddles and Strangles (pages 283–306):
Chapter 16 Ratio Spreads and Complex Spreads (pages 307–323):
Chapter 17 Putting the Greeks into Action (pages 325–332):