See buying choices for this item to see if it's one of the millions that are eligible for Amazon Prime.

9 used & new from £25.95

Have one to sell? Sell yours here
 
   
Options Edge: Winning the Volatility Game with Options on Futures (Irwin Trader's Edge)
 
See larger image
 

Options Edge: Winning the Volatility Game with Options on Futures (Irwin Trader's Edge) (Hardcover)

by William Gallacher (Author)
4.4 out of 5 stars See all reviews (5 customer reviews)

Available from these sellers.


3 new from £53.34 6 used from £25.95

Customers Viewing This Page May Be Interested in These Sponsored Links

  (What is this?)
Options
   optionsXpress.eu    Voted Barron's Best Online Broker 4 Years in a row! Trade Options Now. 
Trading As A Business
   magicofmakingmoney.com    Free Stock Market Trading Videos Make Money In Options, Forex Market 
Your Next Derivatives Job
   www.DerivativeJobsGlobal.com    From A-List Employers & Recruiters. We're Specialists. Let Us Help You! 
  
 

Product details

  • Hardcover: 273 pages
  • Publisher: Irwin Professional Publishing (1 Jan 1999)
  • Language English
  • ISBN-10: 0070382964
  • ISBN-13: 978-0070382961
  • Product Dimensions: 22.6 x 15.5 x 2.5 cm
  • Average Customer Review: 4.4 out of 5 stars See all reviews (5 customer reviews)
  • Amazon.co.uk Sales Rank: 1,884,031 in Books (See Bestsellers in Books)

Product Description

Product Description
This text delves into the world of options on futures and shows how to gain the extra edge needed to improve the odds of gaining a winning position. It uses non-technical language, avoiding Greek symbols and approaches options pricing from a hands-on point of view.

From the Back Cover
Learn how the options market really works and improve your odds of

winning! As more and more "sophisticated" trading models are pressed

into service to unravel the mysteries of market action, information

overload makes trading markets progressively more unstable. Nowhere is

this truer than in the option pits of the large futures exchanges,

where traders struggle to put a price on uncertainty under conditions

of great underlying price volatility often using formulae of dubious

value. In The Options Edge, professional commodities trader and

researcher Bill Gallacher stands up and shouts, "Enough!" This

extraordinarily practical book dowplays complex formulae and technical

abstractions to explain option pricing form an empirical perspective,

using an extensive futures and options database developed and analyzed

during the years 1996 and 1997. Futures options traders needing

down-to-earth answers to complex questions can look to The Options

Edge for: a thought-provoking discussion and critique of the

Black-Scholes option pricing formulas, and presentation of a much

simpler and sounder alternative; identification of the at-the-money

straddle price as the only true basis for estimating implied

volatility of a commodity futures contract and a fast and accurate

way of calculating this number; historical volatility profiles for all

the actively traded futures contracts; understanding of how one of the

world's largest hedge funds foundered through its misapplication of

the Black-Scholes formula. Profitably trade options on

futures simply, consistently, and without excessive reliance on

algebra and complex statistical formulae with Bill Gallacher's

commonsense The Options Edge.

See all Product Description


Suggested Tags from Similar Products

 (What's this?)
Be the first one to add a relevant tag (keyword that's strongly related to this product)
Check a corresponding box or enter your own tags in the field below
options on commodity futures
options

Your tags: Add your first tag
 

 

Customer Reviews

5 Reviews
5 star:
 (3)
4 star:
 (1)
3 star:
 (1)
2 star:    (0)
1 star:    (0)
 
 
 
 
 
Average Customer Review
4.4 out of 5 stars (5 customer reviews)
 
 
 
 
Share your thoughts with other customers:
Most Helpful Customer Reviews

 
5.0 out of 5 stars a different approach, 12 April 2003
By A Customer
The book is worth reading, though I found the conclusion a bit controversial. I am not sure that this book will interest options traders or market makers, but it will be useful for 'cash' or benchmark investor who would like to enhance their portfolio performance.
Comment Comment | Permalink | Was this review helpful to you? Yes No (Report this)



 
5.0 out of 5 stars Highly readable and full of wisdom, 30 April 1999
By A Customer
This book is a very enjoyable read. The author uses real world data from options on futures to demonstrate where the edge really lies, allowing the trader to improve his chances. It is written in a very practical manner, showing the many weaknesses of highly theoretical option pricing models and why they rely on needless mathematics. The reader will see how options work in the real world. This book has been written by a real trader not a theorist. As a options trader myself, I would highly recommend this book.
Comment Comment | Permalink | Was this review helpful to you? Yes No (Report this)



 
4.0 out of 5 stars Finally a no-nonsense book on options!, 26 April 1999
By A Customer
William Gallacher managed to write a thorough analysis of options tradings and its probabilitiy. This is the best book on this subject since Natenberg and McMillan. "The Options Edge" illustrates the real mechanisms of market behavior with in an easy to understand approach to come up with an appropriate strategy in various market conditions.. The book was definetely written by a practitioner. Buy it! It is enjoyable for both the novice and the experienced market player!
Comment Comment | Permalink | Was this review helpful to you? Yes No (Report this)


Share your thoughts with other customers: Create your own review
 
 
 
Most Recent Customer Reviews

5.0 out of 5 stars FASCINATING
AS a trader and market observer for over thirty years I found The Options Edge to be one of the best three books I have read on market behaviour. Read more
Published on 27 Feb 1999

3.0 out of 5 stars Gold in them thar hills - but you have to dig it out!
I am an experienced options trader. I found the book interesting, but not easily applied. The cover promises little math; but, the most eye openning parts of the book deal with... Read more
Published on 26 Feb 1999

Only search this product's reviews



Customer Discussions

 Beta (What's this?)
This product's forum (0 discussions)
  Discussion Replies Latest Post
  No discussions yet

Ask questions, Share opinions, Gain insight
Start a new discussion
Topic:
First post:
Prompts for sign-in
  [Cancel]

   


Look for similar items by category


Look for similar items by subject


Feedback


Fun for Everyone

Christmas Gifts
Achieve over 15,000 RPM with our great range of Powerballs.

Shop the Powerball store

 

More From William R. Gallacher

Winner Take All...

Winner Take All: A Top Commodity...

Exploring the futures industry, this book aims to give entertaining... Read more
£27.99

 

Up to 53% off Braun Series Shavers

Braun Series 3 390cc Clean & Renew System Rechargeable Foil Electric Shaver
Get in touch with your smooth side with Braun Series shavers, now with Gillette blade technology.

Discover Braun Series at Amazon.co.uk

 

Treat Someone

Amazon.co.uk Gift Certificates--available in any amount from £5 to £500 With an Amazon.co.uk Gift Certificate, you can get them what they want (even if you don't know what that is).

Learn more about Gift Certificates

 
Ad

Where's My Stuff?

Delivery and Returns

Need Help?

Your Recent History

  (What's this?)
You have no recently viewed items or searches.

After viewing product detail pages or search results, look here to find an easy way to navigate back to pages you are interested in.

Look to the right column to find helpful suggestions for your shopping session.

Continue Shopping: Top Sellers

amazon.co.uk Amazon Home
International Sites:  United States  |  Germany  |  France  |  Japan  |  Canada  |  China
Business Programs: Sell on Amazon  |  Fulfilment by Amazon  |  Join Associates  |  Join Advantage
Customer Service  |  Help  |  View Basket  |  Your Account
About Amazon.co.uk  |  Careers at Amazon
Conditions of Use & Sale |  Privacy Notice  © 1996-2009, Amazon.com, Inc. and its affiliates