(Part 2) Best options trading books according to redditors

So, I'm not sure these are what you're looking for, because they're basically written by viewers of tastytrade to distill what they've learned from the show. In other words, if you're looking for a different perspective or an independent confirmation of the methodology, this ain't it, but if you just want the tastytrade principles in book form, you might find them useful.

By Dr. Russell Richards:

• Trade Options with an Edge
  
  By Tony Rihan (he calls in as "Tony from Mexico City" if you're familiar with the show):
  
  
• How I learned to Trade like Tom Sosnoff and Tony Battista: Book One, Trade Mechanics (Volume 1)
  
• How I learned to trade like Tom Sosnoff and Tony Battista: Book Two, Advanced Strategies and Insights (Volume 2)
  
  Edit: Also, for websites, the Option Alpha podcast / blog / service seems to be of the same vein.

[http://www.amazon.com/Options-Strategic-Investment-Lawrence-McMillan/dp/0735204659/]

[http://www.amazon.com/McMillan-Options-Lawrence-G/dp/0471678759/]

[http://www.amazon.com/Profiting-Iron-Condor-Options-Strategies/dp/0134394607/]

[http://www.amazon.com/Option-Strategy-Risk-Return-Ratios/dp/0692028293/]

Those will give you 90% of what you need to know. There are a lot of books out there, the more you read, the more you learn. I have a library of 100+ books like these.

Check out this article: http://www.fool.com/FoolFAQ/FoolFAQ0033.htm

It lists some books, but I haven't read any of them so I don't know if they're any good or not. Try the Amazon reviews:

http://www.amazon.com/Tools-Bear-Investor-Money-Stocks/dp/1883272203

http://www.amazon.com/Financial-Shenanigans-Accounting-Gimmicks-Reports/dp/0071703071

http://www.amazon.com/When-Stocks-Crash-Nicely-Selling/dp/0887304974

I do a bit of futures trading. How does options trading compare to that? I bought http://www.amazon.com/The-Option-Traders-Workbook-Problem-Solving/dp/0132101351 recently and I want to learn how to trade options for income. Am I wasting my time?

not OP but I thought about writing a post with more info on each book / recommendations / best summaries.

• Exploiting Earnings Volatility (Brian Johnson), portfolio manager / options trader. helped understand how to differentiate earnings vol vs regular vol + model them. I think his idea to use linear regression to impute the market's expectations across time is a good foundation but needs to take into account some extra things.
  
  
  
• Volatility Trading (Euan Sinclair), prop trader
  
  
• Trading Volatility /Correlation/Skew/Term Structure (Colin Bennett), Quant at Deutsche -- really interesting and if you've got portfolio margin you can use some of the strategies, like pairs trading / dispersion.
  
  
• Options Volatility Trading (Adam Warner), previous options market maker. prob the first book I read about vol trading.
  
  

This is a great book and the illustrations help a lot of the technical talk.

https://www.amazon.com/Getting-Started-Options-Michael-Thomsett/dp/1118399307

I am planning to do this. Waiting to get more cash to fund it. And I am paper trading for a few months with this strategy. I bought this book for some more explanation
http://www.amazon.com/Generate-Thousands-Stocks-Before-Selling/dp/1585974242

My only change to what you wrote is to not write them on highly volatile stocks, write them on safer stocks that I want to invest in. I will get less on a monthly premium, but will be happier when I get assigned. I am also thinking to do this on dividend stocks. They are less volatile and I feel the companies are more established. But if you like to own the stock that is the main criteria.

What I have heard is don't chase the premiums. High premiums may just sucking you in.

> Natenberg's book

The "advanced" one? I noticed there's a "basic" and also a "regular" version.