Foreword ixPreface xiiiAcknowledgments xvAbout the Authors xviiIntroduction: Why Trade Options? 1Chapter 1: Math and Finance Preliminaries 5Chapter 2: The Nature of Volatility Trading and Implied Volatility 41Chapter 3: Trading Short Premium 57Chapter 4: Buying Power Reduction 83Chapter 5: Constructing a Trade 93Chapter 6: Managing Trades 117Chapter 7: Basic Portfolio Management 133Chapter 8: Advanced Portfolio Management 149Chapter 9: Binary Events 163Chapter 10: Conclusion and Key Takeaways 169Appendix 177Glossary 187References 193Index 195
JULIA SPINA is a member of the research team and podcast co-host at tastytrade where she works as a financial educator and options strategist. Drawing from her background in physics and experience with signal processing and data analysis, Julia introduces viewers to topics in quantitative finance and their applications in options strategy development. At the University of Illinois, she earned bachelor's degrees in engineering physics (2017) and applied mathematics (2017) and a master's in physics (2018).TOM SOSNOFF is an online brokerage innovator, financial educator, and the founder and co-CEO of tastytrade. Tom is a serial entrepreneur who cofounded thinkorswim in 1999, tastytrade in 2011, tastyworks in 2017, helped to launch Luckbox magazine in 2019, and in 2020 created the first new futures exchange in 20 years, The Small Exchange. Currently, Tom hosts tastytrade LIVE and continues to drive know-how for the do-it-yourself investor. Tom has been named to Techweek's Tech 100 list, Crain's Chicago Business's Tech 50, and has spoken at more than 500 events across the globe.