floor

A veteran CBOT floor trader offers an expert's vantage point of the world of options trading

Dan Passarelli spent twelve years as a veteran floor trader and market maker at both COBE and CBOT. As an educator, he has taught thousands of people how to make a living as traders by beating the market on a regular basis. Now, this extraordinarily successful market-maker-turned-market-taker shares the knowledge and insights he gained as a professional trader on the floor of the options exchange with the public.

In The Market Taker's Edge, Passarelli offers a blend of entertaining true stories from the trading floor and the tips and insights you need to drive profits on consistent basis.

Table of Contents

Chapter 1: My First Year: What I learned, and How I learned It; Chapter 2: Hoping to Never Have to Get a Real Job; Chapter 3: There are Options and There are Options; Chapter 4: Market Mechanics and Entering Trades: Know Your Enemy; Chapter 5: The Shift of Power: How Decimals, Multiple Listing and Payment for Orderflow Changed the Rules of the Game; Chapter 6: Expiration Trading: Cranking Up the Gain; Chapter 7: The Symbiotic Relationship of the Makers and the Takers; Chapter 8: Volatility on Every Trade; Chapter 9: Volatility and Straddles: The Market Maker Trade; Chapter 10: Arbitrage on the Trading Floor: How Small Profits Add Up to Big Dollars; Chapter 11: Synthetics: The Floor Trader's Indifference Between Puts and Calls; Chapter 12: Looking Over the Hedges; Chapter 13: Monitoring an Option Portfolio; Chapter 14: Couting Your Chickens After They've Been Hatched; Chapter 15: Sleeping with the Television On; Chapter 16: The Waiting Game: Why (sometimes) Being a Floor Trader Can Be Really Boring Sometimes; Chapter 17; Chapter 18; Chapter 19; Chapter 20: Sayings, Stories and Adventures From the Epicenter of the Options Universe