Trading Options at Expiration

Strategies and Models for Winning the Endgame

by: Jeff Augen

in: Investing

Summary:

The book provides an in-depth analysis of option pricing dynamics as expiration approaches, offering strategies for traders to capitalize on market inefficiencies during this critical period. It includes quantitative models, trading tactics, and practical examples to help traders manage and profit from expiration-day opportunities.

Key points:

1. Expiration Day Dynamics: Jeff Augen notes that option prices behave differently as they near expiration, with rapid changes in key metrics like gamma and delta. Traders must grasp these shifts to profit or avoid losses.

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