Trading Options Greeks: How Time, Volatility, and Other Pricing Factors Drive Profits by Dan Passarelli

Master the Art of Options Trading Through Understanding Greeks and Market Dynamics

About the Book

“Trading Options Greeks” is your essential roadmap to understanding the mathematical forces that drive options pricing. Dan Passarelli breaks down complex concepts into digestible lessons, showing you exactly how time decay, implied volatility, and price sensitivity affect every trade you make. Whether you’re protecting your portfolio or hunting for profit opportunities, this book teaches you to think like a professional trader by mastering the metrics that matter most.

From the Back Cover

Stop guessing and start trading with precision. Learn the language of options Greeks and discover how professional traders use these powerful tools to gain an edge in any market condition.

About the Author

Dan Passarelli is a seasoned options trader, educator, and founder of Market Taker Mentoring. With decades of floor trading experience at the Chicago Board Options Exchange and a passion for teaching, Passarelli has helped thousands of traders worldwide understand the mechanics behind successful options strategies. His practical, no-nonsense approach makes advanced concepts accessible to traders at every level.

Who Is This Book For?

This book is perfect for active traders, investors looking to add options to their toolkit, and anyone serious about understanding how options really work. If you’ve struggled with when to enter or exit trades, how to adjust positions as markets move, or why your options lose value even when you’re right about direction, this guide will give you the clarity and confidence you need to trade smarter and more profitably.

Frequently Asked Questions (FAQs)

What are options Greeks and why do they matter for trading?
Options Greeks are mathematical measurements that show how an option’s price changes based on different factors. Delta measures price movement, Theta tracks time decay, Vega shows volatility impact, Gamma measures Delta changes, and Rho tracks interest rate effects. Understanding these helps you predict profits, manage risk, and choose better strategies.

Is this book suitable for beginner options traders?
Yes. While the Greeks sound technical, Passarelli explains everything in plain language with real examples. If you know basic options concepts like calls and puts, you’ll be able to follow along and significantly upgrade your trading knowledge.

How will learning options Greeks improve my trading results?
Knowing the Greeks lets you see exactly how your position will react to market changes before they happen. You’ll understand why options gain or lose value, when to adjust trades, and how to structure positions that profit from time decay and volatility instead of fighting against them.

Does this book include practical trading strategies?
Absolutely. Beyond explaining what Greeks are, Passarelli shows you how professional traders use them to build strategies, adjust positions, and manage risk. You’ll learn to apply these concepts in real market situations, not just theory.

What makes Dan Passarelli’s approach different from other options books?
Passarelli draws from his extensive floor trading experience to explain concepts the way traders actually use them in practice. He focuses on what matters for making money and avoiding losses, cutting through academic jargon to give you practical, immediately useful knowledge backed by real-world trading experience.