Volume II – Option Volatility Trading – Strategies and Risk
This volume provides an accessible ebook 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 complex delta-hedged positions and interpret the option Greeks. Two appendices teach how to reduce complex option positions into simpler components and offer a full analysis of a simulated options portfolio. Test your knowledge of all the material using the set of exercises, complete with answers.