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Beginner Looking to Start Learning Options Trading
I’m new to options trading and want to start learning more about it. I’ve never read a book on the topic before, but I’m really eager to build my knowledge. I’ve found a list of some highly recommended books, but as a total beginner, I’m not sure where to start. Do you think any of these are beginner-friendly, or should I tackle them in a specific order? Here’s the list I came across: 1. **Options as a Strategic Investment by Lawrence G. McMillan** This seems to be *the* book for options traders, covering a ton of strategies like hedging and trading index options. But is it too advanced for a first read? 2. **Option Volatility & Pricing by Sheldon Natenberg** I’ve heard this is great for understanding how volatility impacts options pricing. It sounds really technical—would it make sense for a beginner like me? 3. **Trading Options Greeks by Dan Passarelli** This one dives into the Greeks (Delta, Theta, Vega, and Rho) and how they influence options value. I’ve heard understanding the Greeks is crucial, but should I wait until I’ve got the basics down first? 4. **The Option Trader’s Hedge Fund by Dennis A. Chen and Mark Sebastian** This book treats options trading like a business and focuses on managing a portfolio for consistent income. It sounds fascinating, but is it better for someone who already has some experience? 5. **The Options Playbook by Brian Overby** This one seems like it’s written for beginners, explaining strategies in simple terms with real-world examples. Is this the best place to start? 6. **Fundamentals of Futures and Options Markets by John Hull** This book gives a broader overview of both futures and options. I’m not sure if it’s more for someone looking to understand the markets as a whole or if it’s a good intro for just options trading. I’d really appreciate any advice on where to start or if there’s a certain order I should follow to make things easier to understand. Are any of these better for a complete beginner like me? Or maybe you have other recommendations that worked for you when you were just starting out? Thanks in advance.1
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