These are the best books to learn about options trading.
Learning to trade options can seem impossible for a beginner. However, these books make it easier to learn options trading. Spend some time reading these books and you will surely be able to place trades with confidence in no time.
1- Options as a strategic investment
Lawrence McMillan’s book Options as a strategic investment is arguably the most popular book on options trading and is often called the bible of options trading. If you’re interested in options, this book is the first place many experienced traders urge you to start learning.
This book is over 1,000 pages and covers some trading strategies and the type of market they work best in. McMillan also detailed index and futures options and the tax treatment of profits and losses as an options trader.
2- Volatility and Option Pricing: Advanced Trading Strategies and Techniques
Sheldon Natenberg is a well-known veteran in the options trading community with over three decades of options experience. His journey began as an independent trader at the Chicago Board Options Exchange (CBOE). So you know he has a lot of hands-on experience with options.
This book is one of the few that has a chance of being compared to Options as a strategic investment and is a must read for anyone yearning to learn more about options trading.
3- Options Trading Crash Course
If you’re a complete beginner and want an easy-to-understand book, this might be the one for you. by Frank Richmond Options Trading Crash Course is a great choice if you are not fully familiar with options trading terminology.
The simplicity of this book makes it much easier to read than the others on this list, but the content isn’t quite as rich. If you’re still undecided about the options and don’t feel like learning all the terms, this is a good book to consider.
4- Trading Greek Options: How Weather, Volatility and Other Pricing Factors Drive Profits
If you want to master the Greek option, Trading Greek Options: How Weather, Volatility and Other Pricing Factors Drive Profits is an excellent starting point. Option pricing depends on many factors, including the Greeks. To have a thorough knowledge of options, one must understand how each of the Greeks will affect the price of options.
This book will demonstrate several options trading strategies that benefit as the Greeks change. It also explains how Greeks can spot profitable opportunities in the market.