Books For Trader  |  JAN 2011

Books For Traders

Trading Options In Tu r bu l e n t M a r k e t s (254 pages, $50 hardcover, 2010, ISBN 978-1-576-60360-4) by Larry Shover, published by Bloomberg Press. This work reveals how volatility in option trading relates to today’s stormy marketplace and shows you how to manage risk and take advantage of market volatility. The author addresses how to use historical volatility to predict future volatility for a security or the implied volatility, and offers suggestions for dealing with that odd feature of option trading known as skew. Skew is uncertainty squared, and the author describes how to work around it. Included are proven tools for evaluating options trading decisions: the greeks. He describes how they each relate to volatility. He provides strategies for trading option contracts in uncertain times, addresses the decision-making process in broad terms, and discusses how to become a steel-nerved trader. This book is filled with insights and advice and explores how to turn turbulent markets into profitable opportunities, and why options are the best tool to use in such a difficult endeavor.

by Technical Analysis, Inc.