Larry’s new book Trading Options in Turbulent Markets is one of the most clearly written books on options that I’ve ever read.
Based on his 25 year career as an options trader, Larry starts with some simple concepts and takes the reader through multiple option positions such as back spreads and ratio spreads. I learned a lot from this book and I’ve been dealing with options throughout my career. This book is very well written and will make a great textbook for an aspiring options trader – a great reference book – a keeper.
Some items that are especially juicy:
– probabilities don’t matter with options
– where and how novices get killed (things to avoid)
– how pros make an asset class out of theta (things to do)
– misconceptions about cheap options
Total length is about 25:34.