Tuesday, March 23, 2021

Brief Insight of "Definitive Guide to Advanced Options Trading - A Self-Help Book on Options' Trading"

Definitive Guide to Advanced Options Trading: A quantitative and no-nonsense approach to Option Selling for Income Generation is one of the best book for share market to learn options' trading. It can be considered as one of the best quantitative analysis books. It is written by Rohit Katwal. This great book teaches multiple option trading strategies. It has been a good-read for me as it taught me many option strategies, consequently it gets a chance to be in my book recommendations for option-traders.


What is in the book ?

Definitive Guide to Advanced Options Trading: A quantitative and no-nonsense approach to Option Selling for Income Generation is the collection of almost all option trading strategies. It teaches to create bull put spread, bear call spread, straddle option, strangle option, calendar spread, iron condor, iron butterfly, net credit, net debit and many more option trading strategies. This must-read book will also teach you quantitative analysis. 

Why should you read this book?

Definitive Guide to Advanced Options Trading: A quantitative and no-nonsense approach to Option Selling for Income Generation has been written by an author who possesses good experience in options' trading. These strategies are helpful for those traders who are fed up with their triggering stop-losses. These strategies help you to create spreads where you define your risk before entering a trade, and if market goes against you, your position would not get squired off but you can wait (until expiry) for the reversal or you can manage your trade to get it in profit. Which means you can place a stop-loss which will stop your loss but would not squire off your position. Author has also shared multiple example trades in this must read book. After reading this book, I can call this book as one of the best option trading books.

Flaws in the book

The only challenge, with this book, is the language. You may have to re-read the content at few instances, due to unclear written language. However this challenge is a minor challenge, in comparison to the knowledge it provides.



Disclaimer: I am recommending this book because I liked the content and found the strategies to be profitable. I don't guarantee the profitability on the trades executed using the strategies of this book and I am sure, author would also not guarantee that. 

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