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Excerpt from jacket:
Veteran options trader Dan Passarelli explains a methodology for option trading and valuation in this timely volume on option greeks. With an introduction to option basics as well as chapters on spreads, put-call parity and synthetic options, trading volatility and advanced option trading, Trading Option Greeks holds new pertinent information on how greeks can drive profit.
The greeks (delta, gamma, theta, vega, rho) are tools to measure changes in an option's value based on corresponding changes in:
Time to expiration
Using these tools can lead to more accurate pricing and trading and alert the option trader to a range of opportunities for profit.
Options involve risk and are not suitable for all investors. Before trading options, please read Characteristics and Risks of Standardized Option (ODD) which
can be obtained from your broker; by calling (888) OPTIONS; or from The
Options Clearing Corporation, One North Wacker Drive, Suite 500,
Chicago, IL 60606. The content on this site is intended to be
educational and/or informative in nature. No statement on this site is
intended to be a recommendation or solicitation to buy or sell any
security or to provide trading or investment advice. Traders and
investors considering options should consult a professional tax adviser
as to how taxes may affect the outcome of contemplated options