All of the instructors here at the Options Institute at the CBOE travel the country (and even the globe) to instruct all those who are interested in the merits of using options in their portfolios. In fact I write this as I sit at the desk in my hotel room far away from home on a Friday afternoon. We all enjoy going out, speaking about options and fielding questions on the topic at hand or maybe another subject related to trading or maybe even something like, “How much longer is it going to take for the Cubs”, that would be referred to Marty Kearney.
However, a common question that comes up from time to time is for a good book suggestion. This may come from beginners, those looking to learn more about spreads, or maybe even someone who wants to delve more into the Greeks. As trading and the financial markets has been my life passion, I buy just about every book that comes out related to trading. My wife can attest to this, I own them all! So with that, here are some of my favorites on a variety of option related topics.
The Greeks – Dan Passarelli – “Trading Option Greeks: How Time, Volatility, and Other Pricing Factors Drive Profits”
Volatility – Sheldon Natenberg – “Option Volatility & Pricing: Advanced Trading Strategies and Techniques”
Beginner – James Bittman – “Options for the Stock Investor: How to Use Options to Enhance and Protect Returns”
LEAPS – Marc Allaire and Marty Kearney – “Understanding Leaps: Using the Most Effective Option Strategies for Maximum Advantage”
Must Have – Lawrence G. McMillan – “Options as a Strategic Investment”
Strategies – Jeff Augen – “The Volatility Edge in Options Trading: New Technical Strategies for Investing in Unstable Markets and Trading Options at Expiration: Strategies and Models for Winning the Endgame”
This is just a sampling of the books I have found helpful in my options education. Please post those that you found useful (or not).