Retail Options Trading

Highlights some useful statistical methods

This is hands down the best introduction to options trading for retail traders. Euan Sinclair and Andrew Mack are the real deal – active traders with actual skin in the game. Sinclair has a ton of experience in both institutional and retail trading, and his previous books on options trading are often cited as some of the best out there. Mack is well-known in the sports betting world and is also an accomplished retail trader. So unlike 99% of the trading books out there, this one is written by people who actually trade for a living and have real, actionable insights to share. The book zooms in on the most important part of trading: finding an edge. It gives a general roadmap for where retail traders can spot market inefficiencies, then dives into specific examples on how to identify these inefficiencies and what kind of option trade setups can exploit them. This is a goldmine for anyone who wants to see what a money-making trading strategy actually looks like. None of the ideas are based on overfitting past data with a mess of indicators – it's all about clear data analysis driven by market microstructure. There's also a solid intro to the basics of options, plus sections on risk management (with tips on position sizing using the Kelly criterion) and trading psychology. These chapters are nice extras, but as the book keeps reminding us, finding an edge is the most important concept in trading. I don’t know any other book written for retail traders that offers such a practical, realistic guide with examples for finding an edge in options trading. Highly recommended for anyone looking to level up their options trading game!

I've read all of Euan Sinclair's works and was excited to read his collaboration with Andrew Mack. The book is mistitled. There are few institutions doing this level of analysis and quantitative approach to options trading. That said Andrew's contribution is absolutely key to making the concepts approachable to those running their own bank roll and/or doing so part time. There was a hedging example that needed clarification and Andrew responded timely. Unless you are on an institutional desk focused on volatility this is the book for you. If you are on a full-time desk this book plus Euan Sinclair's previous works will be most valuable.

Solid options overview by Euan and Andrew. Mostly tailored towards short term trading (1mo or less). I will say a lot of this content can be found by watching Euan's videos on youtube... With that being said, think this book is likely written mostly by Euan with Andrew contributing the stat analysis portions (guessing)... Thought psychology section was decent as well More $ can be made trading delta than vol, imo. But still good info to know

Really good, recommended

Starts simple with great examples but immediately jumps to advance topics never discussed. Has errors and placeholders authors never completed. Overall this book reads like authors billet points of journals

Getting a book from these two authors on this topic is a rare treat. The book is full of useful information, both theory and examples. If this book was an online course it would probably cost thousands of dollars, so this price is a steal. Just buy it, you wont regret it

I haven't finished reading the book yet, but I can definitely attest to the benefits of learning from real practitioners rather than academics or dubious 'experts.' I've learned so much from Euan's books, so I was eager to buy this as soon as it became available. I'm sure that even if you're not into options, you'll pick up a thing or two on how to approach the markets.