Dan Passarelli began his career as an equity options market maker on the CBOE floor and founded Market Taker Mentoring, an options education firm. He explains delta, gamma, theta, vega and rho in plain terms and shows how each one changes a position. For readers who know the basics and want to understand why option prices move.
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This page summarizes why Trading Options Greeks (2nd ed.) 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.
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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.
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.
Sheldon Natenberg
Sheldon Natenberg traded options as an independent market maker on the CBOE and the Chicago Board of Trade, and he has been on the education team at Chicago Trading Company since 2000. You learn how volatility drives option prices and how professional traders think about pricing and risk. For serious readers ready for a demanding text.
Russell Rhoads
Russell Rhoads, CFA, has taught at the CBOE Options Institute and later served as its Director of Education. A focused guide to vertical, calendar and ratio spreads and how they behave. For intermediate readers.