The Little Book of Trading Options Like the Pros - (Little Books. Big Profits) by David M Berns & Michael Green (Hardcover)

About the Book

"Options are easily accessible to everyone now and have become an increasingly popular investment tool. The problem is that options are not easy, and you can easily lose lots of money investing in options, way easier than you could with stock investments. This book is here to help new options investors to skip the painful part of the learning curve and get them on the right track quickly. Professional options traders act like an insurance company or the house at a casino. They sell options to the public in a very risk-managed way where they consistently make small amounts of money. This book will turn you into an "option market maker" in just 208 pages. You will leave this book with everything you need to know to make profits like professional options dealers. Options are a zero-sum game. When someone loses, someone else wins. We expose what the option pros do . . . exactly how the pros make money from newbie option traders who are net losing. We slide the curtain aside and let the next generation of traders be the house rather than the gamblers sitting at the casino tables. The allure of options to the masses is through the roof, but the reality of newbies making money in options is a nearly impossible endeavor. Skip all the pain and quickly learn how to trade options profitably like the pros"--

Book Synopsis

Master profitable option trading with the techniques of the pros.

In The Little Book of Trading Options Like the Pros: Learn How to Become the House, a team of veteran options and derivatives traders delivers an expert account of how to master the zero-sum game of options trading. In the book you'll learn how to 'become the house, ' consistently making a small amount of money -- on average -- on each trade, in a similar fashion to a casino in Las Vegas or an insurance company selling insurance policies.

The authors explain how to skip the painful part of the steep options learning curve, showing you how to avoid the most common pitfalls, and become a profitable trader quickly. You'll find:

• A one-stop resource for everyone looking to become a pro-level trader, including a primer on options without fancy math, engaging anecdotes and lots of invaluable institutional knowledge
• A review of the full options ecosystem, and how to position yourself with the odds in your favor, to be a profitable player in this complex trading landscape
• A deep dive into the same strategies and techniques used by professional options traders, without the need for finance degrees or hard-to-obtain experience
• A clear roadmap of how to take the knowledge in the book and turn it into a practical and profitable trading endeavor

Perfect for inspiring day traders, The Little Book of Trading Options Like the Pros is also a must-read book for anyone interested in investing or trading in modern financial markets.

From the Back Cover

"Michael Green and David Berns show how to make good risk-adjusted returns by taking advantage of structural inefficiencies in the options market. If you trade options or hedge risk by using options, you will gain from learning all their insights."
--DAVID EINHORN, Greenlight Capital

In The Little Book of Trading Options Like the Pros, a team of veteran options and derivatives traders delivers an expert account of how to master the zero-sum game of options trading. Rather than simply gambling in the market as many retail investors tend to do, you'll learn how to trade like an "option market maker," gaining an advantage over less-informed, newbie options traders and making a small amount of money, on average, on each trade, much like the house in Las Vegas or an insurance company selling policies.

A one-stop resource for everyone looking to become a pro-leveltrader, including engaging anecdotes and solid institutional knowledge, The Little Book of Trading Options Like the Pros clarifies the only type of pro trade to make in the options market, with examples of basic trades and why they work well and a wealth of guidance on picking strike and expiry selection.

About the Author

David Berns is a pioneer in the use of options and derivatives for both retail and institutional portfolio management. David is currently the Chief Investment Officer of Simplify, an asset manager bringing institutional-grade alternative strategies to ETFs.

Michael Green has been a student of markets and market structure for nearly 30 years and has a storied track record as a hedge fund manager at Canyon Capital Advisors, Ice Farm Capital, Logica, and Thiel Macro.