Options
The Option Trader's Hedge Fund
Dennis Chen; Mark Sebastian
Written by Mark Sebastian, a former member of the CBOE and the American Stock Exchange, and Dennis Chen, a hedge fund manager specializing in index and equity options. It treats options trading as a business: portfolio construction, risk limits and process. For readers who already know the strategies.
Placeholder review body — editorial copy will replace this section.
This page summarizes why The Option Trader's Hedge Fund belongs in our catalog. A full chapter-by-chapter review is planned; until then, use the verdict above and related picks below to decide whether it fits your stack.
Browse more in the full book catalog or filter by Markets & Risk.
Lawrence G. McMillan
Lawrence McMillan is president of McMillan Analysis Corporation and publishes The Option Strategist newsletter. This 1,000-page reference explains how nearly every listed-options strategy works, when it fits and what can go wrong. For intermediate readers who want one desk reference.
Nassim Nicholas Taleb
Nassim Taleb held senior derivatives trading positions in New York and London and was an independent floor trader in Chicago before writing The Black Swan. This book shows how option market makers measure and hedge the risks in vanilla and exotic options, and where models break down. For advanced readers.
Lawrence G. McMillan
Lawrence McMillan, publisher of The Option Strategist newsletter and former head of equity arbitrage at Thomson McKinnon Securities, wrote this shorter, more trading-focused book. It covers his practical strategies and volatility tools. For readers who want McMillan's thinking without the full reference volume.