Is filthy's book a good intro to options practice/theory?

Strange · Post by **Strange** » Wed May 20, 2015 6:22 am

Imagine a fresh intern/analyst trader - would that be a good first book to read?

silverside · Post by **silverside** » Wed May 20, 2015 8:27 am

It's a while since I read it

But I think Hull would be better : or Joshi possibly if they were quite mathematical.

aschon · Post by **aschon** » Wed May 20, 2015 9:05 am

The "Option Trading" book is a good introduction in my opinion (Link). I'm not sure if you are refering to this book or "Volatility Trading".

TonyC · Post by **TonyC** » Thu May 21, 2015 3:50 am

> Imagine a fresh intern/analyst trader - would that be a good first > book to read?

Yep both books ... if the intern is a total neophyte filthy's second book should be first

AB12358 · Post by **AB12358** » Thu May 21, 2015 5:11 am

I just read this stuff out of interest, and approached it with very little knowledge of finance. I found Joshi's intro book very enjoyable (moreso than Hull).

silverside · Post by **silverside** » Thu May 21, 2015 9:51 am

in fairness to filthy, I thought his first book was very good, just maybe not the best intro. I wasn't aware that he had written a second; looking at the amazon reviews it seems worth adding to any options-trading reading list, there are not many alternatives (natenberg, often suggested, now seems extremely dated, and rebonato/taleb are not really beginner books).

filthy · Post by **filthy** » Mon May 25, 2015 5:23 pm

i might be a little biased here...

i think hull and joshi wrote books that everyone should read and recommended both in "volatility trading 2nd ed" (mark's books were written after the first edition came out) but i don't really think either book teaches trading.

i think (humbly?) that "option trading" is the best first book for an aspiring trader to read.

Maggette · Post by **Maggette** » Mon May 25, 2015 5:30 pm

Hi,

I am no trader, but I have worked in shops that should have read both books written by filthy Evil Grin . These are IMO the only books that describes trading as what it is or should be: a business process!

Hence I reccomend this book to people who don't even trade with derivatives!

Joshi and Takov/Cont are IMO the best books on pricing. But on trading I don't know any reasonable book other than the ones by filty (esspecially Volatility Trading). Happy to listen to further recommendations though.

vola · Post by **vola** » Tue Jun 16, 2015 4:45 pm

Ach give the guys the JPM primer on Variance Swaps, the Exotic Options Trading by de Weert and Corporate Equity Derivatives and Equity Capital Markets by Ramirez.

Once you read this, give them this, which is really good practical book:

http://wwwf.imperial.ac.uk/~ajacquie/IC_Volatility/IC_Volatility_Docs/Literature/Bennett.pdf

For the Germans amoung you: Moment Swaps: Volatilität, Korrelation und andere Verteilungsmomente als eigene Asset-Klasse

Cheers

baghead · Post by **baghead** » Fri Jul 31, 2015 9:48 am

to get interns hooked I used to give them the following books

reminiscences of a stock operator

filthy's option trading

market wizards

dynamic hedging

filthy's volatility trading