Emphasis on Process.

Chapter 1: A summary of options

Chapter 2: The efficient market hypothesis and its limitations

Chapter 3: Volatility Forecasting

Chapter 4: The Variance Premium

Chapter 5: Finding Positive EV Trades

Chapter 6: Volatility Positions

Chapter 7: Directional Options Trading

Chapter 8: Directional option strategy selection

Chapter 9: Trade Sizing

Chapter 10: Meta risks


  1. Adjustments to the BSM
  2. Statistical rules of thumb
  3. On execution