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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Nemer who wrote (411)	5/12/1998 3:32:00 PM
From: Patrick Slevin	Respond to of 44573

A spook, eh? Joining the CIA, are we, me foine fella? Perhaps you would like to say the alphabet for us, now. Watch that tricky letter after the letter "G". Well, I've closed out my stop.....let me put together a list of books on options once I get back from the golf club. It's me duty to go there, don't cha know? What would they do without me?

To: Nemer who wrote (411)	5/13/1998 8:14:00 AM
From: Patrick Slevin	Respond to of 44573

Books on Options. Lessee. McMillan has a doorstop called Options as a Strategic Investment, very dry. Unless you want a real college-type textbook you could find something else. It is very complete, however. Questions on hedging, straddles, calendar threads.....most could be answered there. He has another, smaller, book which I have not read. The earlier book, a seminar, and a few brief conversations with Larry enlightened me to the fact that he is much too serious a fellow for me. Also, Natenburg's Option Volatility and Pricing is a somewhat easier read which goes into Option Arbitrage, Synthetics, Pricing Models, Theoretical Values and so forth. There is a chapter concerning Risk Considerations which hits on several good points. Considering the fact that you have some experience with options I would think this would be the better book. When I was younger I traded stock and then in the early '80s I got involved in trading options. While the younger kids had problems with options on the Series 7 Exam years ago, my experience allowed me to fly through all the questions except the ones on Munis. I'm not so sure Larry's book is not, to a large degree, a re-hash of a lot of what you already know. There is some discussion on Delta-Neutral Spreads in the Commodity Trading Manual. I just received the book this week....it was just published. It appears there is an entire section devoted to options but dedicated to the futures arena. If I recall correctly, a Ratio Backspread is a form of a Delta Neutral Spread. To tell the truth, I only know one guy who still does Ratio Backspreads. I don't know if that presents an opportunity or if it means they are too difficult to consistently profit from. The other books I have are either more general or specific to other types of situations.