This was anonymously emailed to us by a Wall Street veteran who asked us to publish this for him. He has become disgruntled with what he views as Wall Street scamming retail investors who trade options. Inside:
Volatility/put call parity
Expected value of options contracts
Risk management and trade sizing
Where to source trades
The number one reason most options traders lose money
Five bonus tips on trading
This is a fairly short book, but the truth about trading options and making money does not necessarily need a long book. The inventor of game theory, John Nash, turned in a dissertation that was 26 pages and contained two references. Big ideas sometimes come in small packages, and this book is groundbreaking. Wall Street has hidden the fact a huge secret from ordinary traders, and that secret is that options do not fairly reflect the chances of a stock going up or down, and put/call parity is exploitable. There are some big secrets revealed in this book, and it is well worth it.