The Market Taker’s Edge: Insider Strategies from the Options Trading Floor
With The Market Taker’s Edge, Passarelli shares the knowledge and insights other floor traders keep tight to their chests―the knowledge you need to beat the market on a regular basis. This market maker turned market taker delivers a focused commentary on key concepts for operating in the options exchange like a pro. He offers a candid look at the ups and downs of his trading career and conveys the lessons he learned along the way in an informative and often entertaining way.
After spending time on the floor in his shoes, you’ll understand:
- How professional traders attempt to make money―and why it’s different from the way you make money
- Why market makers are not the enemy
- How both market takers and market makers can profit while taking opposite sides of the same trade
- How to focus on what is important in a trade and avoid the noise
Dan Passarelli has already taught thousands of people how to make a living as traders, and now with The Market Taker’s Edge, he can help you do it, too.
What I like about Dan’s book is that it’s obvious he isn’t just telling you how to trade, he’s telling you how he trades. There’s always a big difference between those who teach trading from an academic standpoint and those who have traded and have the ability to walk investors step by step through the trade. For my money, I always seek advice and counsel from those that walk the walk and Dan Passarelli has walked the walk.
Contents:
- MY FIRST YEAR IN THE OPTIONS BUSINESS
- THE DIFFERENCE BETWEEN ME AND YOU
- SPREADING RISK
- AN OPTION BY ANY OTHER NAME
- THE ZEN OF TRADING AND HOPING TO NEVER GET A REAL JOB
- KNOW YOUR ENEMY
- USING WHAT YOU KNOW ABOUT MARKET MAKERS TO YOUR ADVANTAGE
- THE SHIFT OF POWER
- SYNTHETICS AND THE PROFESSIONAL TRADERS’ INDIFFERENCE BETWEEN PUTS AND CAL
- EXPIRATION TRADING
- LIVING ON THE EDGE
- VOLATILITY AND STRADDLES
- ARBITRAGE AND NICHE TRADING
- MONITORING OPTIONS PORTFOLIO RISK
- THE SYMBIOTIC RELATIONSHIP BETWEEN THE MAKERS AND THE TAKERS
- PLAYING THE NUMBERS
- STORIES, SAYINGS, AND ADVENTURES FROM THE EPICENTER OF THE OPTIONS UNIVERSE