Dan Passarelli is the author of the book Trading Option Greeks and founder of Market Taker Mentoring LLC(TM). Market Taker Mentoring provides options education, including personalized, one-on-one mentoring for option traders. The company website is started his trading career on the floor of the Chicago Board Options Exchange (CBOE) as an equity options market maker. He also traded agricultural options and futures on the floor of the Chicago Board of Trade. In 2005, Dan joined CBOE's Options Institute and began teaching both basic and advanced trading concepts to retail traders, brokers, institutional traders, financial planners and advisors, money managers, and market makers. In addition to his work with the CBOE, he taught options strategies at the Options Industry Council.Dan can be reached at dan@markettaker.com. He can be followed on Twitter at twitter.com/Dan_Passarelli.

A veteran CBOT floor trader provides an insider's view of working and living as an options trader from the pros and cons of career trading to the technical side of ensuring profitability

Chapter 1: My First Year: What I learned, and How I learned It; Chapter 2: Hoping to Never Have to Get a Real Job; Chapter 3: There are Options and There are Options; Chapter 4: Market Mechanics and Entering Trades: Know Your Enemy; Chapter 5: The Shift of Power: How Decimals, Multiple Listing and Payment for Orderflow Changed the Rules of the Game; Chapter 6: Expiration Trading: Cranking Up the Gain; Chapter 7: The Symbiotic Relationship of the Makers and the Takers; Chapter 8: Volatility on Every Trade; Chapter 9: Volatility and Straddles: The Market Maker Trade; Chapter 10: Arbitrage on the Trading Floor: How Small Profits Add Up to Big Dollars; Chapter 11: Synthetics: The Floor Trader's Indifference Between Puts and Calls; Chapter 12: Looking Over the Hedges; Chapter 13: Monitoring an Option Portfolio; Chapter 14: Couting Your Chickens After They've Been Hatched; Chapter 15: Sleeping with the Television On; Chapter 16: The Waiting Game: Why (sometimes) Being a Floor Trader Can Be Really Boring Sometimes; Chapter 17; Chapter 18; Chapter 19; Chapter 20: Sayings, Stories and Adventures From the Epicenter of the Options Universe

ForewordAcknowledgmentsDisclaimer and DisclosureIntroductionChapter 1. My First Year in the Options Business: What I Learned and How I Learned ItChapter 2. The Difference Between Me and YouChapter 3. Spreading the RiskChapter 4. An Option By Any Other NameChapter 5. The Zen of Trading and Hoping to Never Get a Real JobChapter 6. Know Your Enemy: Market Makers and the MarketChapter 7. Using What You Know About Market Makers to Your Advantage--Part 1Chapter 8. Using What You Know About Market Makers to Your Advantage--Part 2Chapter 9. Using What You Know About Market Makers to Your Advantage--Part 3Chapter 10. The Shift of Power: How Decimalization, Multiple Listing, and Technology Changed the Rules of the GameChapter 11. Synthetics and the Professional Traders' Indifference Between Puts and CallsChapter 12. Expiration Trading: Cranking Up the GainChapter 13. Living on the Edge: Volatility on Every TradeChapter 14. Volatility and Straddles: The Market Maker TradeChapter 15. Arbitrage and Niche Trading: How Small Profits Add Up to Big MoneyChapter 16. Monitoring Options Portfolio RiskChapter 17. The Symbiotic Relationship Between the Makers and the TakersChapter 18. Playing the Numbers: Interpreting Options DataChapter 19. Stories, Sayings, and Adventures From the Epicenter of the Options Universe

TRADE OPTIONS LIKE A SEASONED PRO!A Trading-Floor Veteran Shares his Secrets"What I like about Dan's book is that it's obvious he isn't just telling you how to trade, he's telling you how he trades. There's always a big difference between those who teach trading from an academic standpoint and those who have traded and have the ability to walk investors step by step through the trade. For my money, I always seek advice and counsel from those that walk the walk and Dan Passarelli has walked the walk."Jon Najarian, cofounder Trademonster.comOn Dan Passarelli's first day as a clerk on the exchange floor, he spent the morning observing, practicing his hand signals, and running errands. Around midday, the veteran clerk he worked with said to him, "You're up. I'm going to lunch." Dan survived his trial by fire and went on to spend many years on the trading fl oor. He credits his success as a trader and educator to the hands-on experience he gained throughout his career.With The Market Taker's Edge , Passarelli shares the knowledge and insights other floor traders keep tight to their chests-the knowledge you need to beat the market on a regular basis.This market maker turned market taker delivers a focused commentary on key concepts for operating in the options exchange like a pro. He offers a candid look at the ups and downs of his trading career and conveys the lessons he learned along the way in an informative and often entertaining way. After spending time on the floor in his shoes, you'll understand:How professional traders attempt to make money-and why it's different from the way you make moneyWhy market makers are not the enemyHow both market takers and market makers can profit while taking opposite sides of the same tradeHow to focus on what is important in a trade and avoid the noiseDan Passarelli has already taught thousands of people how to make a living as traders, and now with The Market Taker's Edge , he can help you do it, too.