The Option Trader Handbook By George Jabbour & Philip H. Budwick (Hardcover)

"The Option Trader Handbook, Second Edition" is an intermediate-level trading book that offers strategies, tools, and solutions for minimizing risk and volatility in option trading. The book is designed for serious traders who are looking to manage and adjust their market positions effectively.

In this updated edition, the book introduces new material on implied volatility, Delta, and Theta, explaining how these measures can be utilized to make better trading decisions. The focus of the book is on providing traders with the art of making trade adjustments in a logical sequence, starting with long and short stock positions, then moving on to basic put and call positions, and finally delving into more complex option spreads and combinations.

The book covers various types of underlying positions and explores all the possible adjustments that can be made to each position. It also provides valuable insights into more intricate option spreads and combinations. Given the current volatile markets, the book's content is relevant and timely.

The target audience for "The Option Trader Handbook" includes both stock and option traders who want to enhance their trading skills and overall performance. By delving into the strategies and solutions presented in the book, traders can gain a better understanding of how to manage risk and volatility in option trading effectively.