Avail Yourself Volatility Trading (Wiley Trading) Brought To You By Euan Sinclair Available As Audiobook

approachable. A wonderful mix of philosophy, theory, and practicality Sinclair's textbook is a mustread for anyone embarking on a career related to volatility,

Philosophy: modelling entails transformation to a slowermoving i, e more understandable parameter space

Theory: the technicals of removing bias from rolling overlapping windows when calculating volatility

Practicality: hard to choose just one here.
Liked the chapters on bet sizing particularly the effects of parameter misestimation on Kelly betting, the explainers of VIX/ETNs, etc, But the "Life Cycle of a Trade" is gold very hard to get that kind of insight outside of an actual desk! This is a tiny hardback book with an orange cover and recycled ! pages, and even though it has this unassuming feel, it is a book fromwhich is very fresh for a quant book.


This book covers volatility from the perspective of the current theories and models, It is very thorough and comes with lots of example, some of which are included as Excel spreadsheets on the accompanying CD,

I would recommend this book to anyone involved in vol arb or options generally, It's a good read and I haven't found any significant fault with the book unlike halfmeaningless books such as sitelinkDynamic Hedging: Managing Vanilla and Exotic Options.
Highly recommended! Good for learning about trading Vix options Prob the best book on volatility but I think this is pretty good at principles of real money too.
This book will only make you a more superior investor, / This book needs a warning label, I as someone holding an engineering degree found a significant portion of the math presented quite a bit beyond me, I was able to follow the descriptions of the Greek filled differential equations enough to follow the subject matter, but I would be unable to use the equations in a real life setting.
To fully understand everything in this book a graduate degree in mathematics is probably required, That being said this book had meaningful insights, as long as you are determined enough to get through the pages and pages of equations in order to find them.
In Volatility Trading , Sinclair offers you a quantitative model for measuring volatility in order to gain an edge in your everyday option trading endeavors.
With an accessible, straightforward approach, He guides traders through the basics of option pricing, volatility measurement, hedging, money management, and trade evaluation, In addition, Sinclair explains the oftenoverlooked psychological aspects of trading, revealing both how behavioral psychology can create market conditions traders can take advantage ofand how it can lead them astray.
Psychological biases, he asserts, are probably the drivers behind most sources of edge available to a volatility trader, Your goal, Sinclair explains, must be clearly defined and easily expressedif you cannot explain it in one sentence, you probably aren't completely clear about what it is.
The same applies to your statistical edge, If you do not know exactly what your edge is, you shouldn't trade, He shows how, in addition to the numerical evaluation of a potential trade, you should be able to identify and evaluate the reason why implied volatility is priced where it is, that is, why an edge exists.
This means it is also necessary to be on top of recent news stories, sector trends, and behavioral psychology, Finally, Sinclair underscores why trades need to be sized correctly, which means that each trade is evaluated according to its projected return and risk in the overall context of your goals.
As the author concludes, while we also need to pay attention to seemingly mundane things like having good execution software, a comfortable office, and getting enough sleep, it is knowledge that is the ultimate source of edge.
So, all else being equal, the trader with the greater knowledge will be the more successful, This book, and its companion CDROM, will provide that knowledge, The CDROM includes spreadsheets designed to help you forecast volatility and evaluate trades together with simulation engines, Without a doubt the best book on practical options trading methodologies I've ever read, Necessitates some degree of mathematical background, primarily statistics, but very light on the math compared with most options trading books, Comprehensive. Highly technical but summary at the end of each chapter is quite good, I would give this three except I couldn't recommend this to anyone who isn't sure they want to read it I can only think of one friend I have for which this would be appropriate.
If you couldn't guess from the title, it's about trading volatility, primarily using options, The author is a PhD in theoretical physics and it shows, The writing is very much academic paper style and the whole thing reads like a math textbook including plenty of calculus and partial differential equations.
In addition, there are typos littered throughout the book including the formulas so even if you wanted to use them you'd have to be careful.
I believe there's online errata set up for the book, but I'm a little surprised this didn't get more careful proofing,

Now that you've been warned, I will say that the author seems to really know what he's talking about, and most of the advice is practical if you are the sort of person that wants to do what the author does I'm not.
It's not introductory, though, and there are a lot of terms you'll have to learn somewhere else to make sense of author's spare text.
I do have to give him credit for discussing the DunningKruger effect, though, That's something that needs to be addressed in many professional contexts where people who don't know what they are doing can also participate, A bit more math heavy than his other books, but not in a bad way, A mustread if

you want to get into volatility trading, Euan Fraser Fitzpatrick Sinclair.