With Option Trading it is possible to generate regular monthly income from stock market. Market has enough for our need but not enough for our greed. Important Topics *Direction Analysis* *Detailed Analysis of Quantitative Data wrt Future and Options including Option Chain like no where else* *Optimum Position Sizing* *Option Strategies and how to manage them in worst-case scenarios* When Trading in Options, we predict where the market cannot go and strategize accordingly. While trading, have you ever 1. What is market going to do next? 2. How can you position yourself around that so that probability of profit is maximum? 3. What should be the ideal position-sizing so that you do not lose big. 4. What should be the ideal option strategy, probability of winning? 5. How to handle worst-case scenarios and come out unscathed. Definitive Guide to Advanced Option Trading is answer to all these questions. When we execute a trade, it can result Big Win, Small Win, Break-Even, Small Loss & BIG LOSS. This book teaches you how to avoid the Big Loss and you automatically become profitable in the long run.
Definitive Guide to Advanced Options Trading: A quantitative and no-nonsense approach to Option Selling for Income Generation is the collection of almost all option trading strategies. It teaches to create bull put spread, bear call spread, straddle option, strangle option, calendar spread, iron condor, iron butterfly, net credit, net debit and many more option trading strategies. This must-read book will also teach you quantitative analysis. Click below link to know more:
Rohit has done a tremendous job by giving a formulated insight into trading options. He has provided a framework which will enable you to understand the market and its behaviour and to proceed step by step keeping reins of Risk management into your hands.
I was read 2 to 3 books for option trading but I will not get any best knowledge or system work But when I read this u understand this is what I want exactly so .I prefer this book to all those student's,employees,corporate manager to who serious in trading
A good book overall.. the author has taken efforts to explain scenarios with real-life past examples. However, it seems the book was launched in a hurry without proofreading .. Some oversight mistakes like CE instead of PE and Bears instead of Bulls makes you wonder and think unnecessarily ...
I believe Rohit is a profitable trader but he needs a better editor with the book. Maybe it's the way it's presented I struggle to grasp concepts firmly
Main takeaways
- Observe options open interset. Increase in calls = Big boys hedging = Bearish. Vice Versa
This entire review has been hidden because of spoilers.
Good concise book with real trade examples. No Greeks! . Need to have basic knowledge about options. A sincere effort to share knowledge gained by experience.
Excellent compilation of various elements for option trading. Straight to the point - simple and concise. Wish there were little more focus on option buying too.
If my previous review of the book by Roji Abraham showed which strategies to be applied when this book will teach you how to determine 'when'. Read this book to understand the following:
1) Why Option selling will make you earn rather than Option buying? Option buying is cheaper in comparison to Option selling but it is much riskier with a low probability of profiting.
2) How the alligators and other indicators will help determine the direction of the market. Once you know the strategies and their intricacies, it is important to understand the timing of the market. The right execution of the right strategy at the wrong timing will yield unfavourable results.
3) The book has explained the role of Open interests (OI) and Cumulative Open Interests (COI) in detail to understand the direction of market, index and stocks. This will serve as the base for making profitable trades.
The author does not recommend option greeks as he feels that one can do trading without the need for greeks. He himself has been trading since long without greeks. I have read option greeks on varsity and I have a partial understanding of it. Another good feature of this book is that everything has been explained from the 2020 perspective. All the strategies and examples are of April - July 2020. This will help connect well. However, the strategies applied in this book are not well explained. If it hadn't been Roji Abraham's book, I would have still got lost.
P.S. This book will need to be read 3-4 times to get a complete understanding.