A detailed, one-stop guide for experienced options traders Options Trading is a rigorous, professional-level guide on sophisticated techniques from a professional trader and quantitative analyst Euan Sinclair. The author has over two decades of high-level option trading experience. He has written this book specifically for professional options traders who have outgrown more basic trading techniques and are searching for in-depth information suitable for advanced trading. Custom-tailored to respond to the volatile options trading environment, this expert guide stresses the importance of finding a valid edge when risk is usually overwhelmed by uncertainty and unknowability. Using edges such as the volatility premium, term-structure premia, and earnings effects, the author shows how to find valid trading ideas and details the decision process for choosing an options structure that best exploits the advantage. Advanced topics include a quantitative approach for directionally trading options, the robustness of the Black Scholes Merton model, trade sizing for option portfolios, robust risk management, and more. This book: Provides advanced trading techniques for experienced professional traders Addresses the need for in-depth, quantitative information that more general, intro-level options trading books do not provide It helps readers to master their craft and improve their performance Includes advanced risk management methods in option trading No matter the market conditions, Options Trading is an important resource for any professional or advanced options trader.