After being introduced to Christopher Moore through βLambβ (top 5 all time book), I immediately read and loved βFlukeβ & βIsland of the Sequined Love Nunβ and have since purchased and read and enjoyed every book by Moore.
BUT, when I started reading βFoolβ I have to admit I was turned off by the over abundance of juvenile potty humor and put the book down after a few chapters. Then I ran across the audio book at my local library and gave it another try - and that made all the difference! Now the audiobooks for this series (Fool, Serpents of Venice, Shakespeare for Squirrels) are in all time top 10 stories for me.
Euan Mortonβs narrating performance was absolutely spot on and down right hilarious. Maybe it is the British accent that made it work for me but fuckstockings it is FUNNY AS HELL!
β>Gave my dad the audiobook before he passed away and he would listen to it regularly while walking around the city for exercise. He would have friends calling to ask if heβs okay because they saw him doubled over at the roundabout laughing his ass off and literally slapping his knee.
TL;DR - Pocket & Drool are best on audiobook, their voices are a part of my daily lexicon, and I am forever thankful for Euan Mortanβs delivery of this story I would have otherwise left behind.
Selling a custom drip tray cover for the Decent DE1. It is designed and manufactured by Euan Lake to accommodate a Acaia Lunar Scale in the center.
It's in great condition as seen and was used for less than 3 months. I've since sold my Decent DE1.
It fits all current models of the Decent Espresso Machine including the XL.
Paid $200 less than 3 months ago.
Selling for $150 shipped via PayPal G&S.
I am reading Euan Sinclair's "Positional optional trading" book, however i stumbled on the below sentence "put-call parity means that an increase in call price leads to an increase in the price of the put with the same strike". Can someone please correct me - I would think increase in call px will lead to decrease in put price for the same strike/term i.e. together with call + put we can synthetically create the stock, if both call/put increases then one could arb right?
Full Para for context
A variable that is not necessary is the expected return of the underlying. Clearly, this is important to the return of an option,but it is irrelevant to the instantaneous value of the option. If we include this drift term, we will arrive at a contradiction. Imagine that we expect the underlying to rally. Naively, this means we would pay more for a call. But put-call parity means that an increase in call price leads to an increase in the price of the put with the same strike. This now seems consistent with us beingbearish. Put-call parity is enough to make the return irrelevant to the current option price, but (less obviously perhaps) it is also enforced by dynamic replication
EDIT: This post talks about the 2010 book βOption Tradingβ, which is different from Sinclairβs recent book βPOSITIONAL Options Tradingβ.
I've gotten a few DMs about where to get started learning about options, and I thought I'd write a few posts about books that I like. The first one of which is Options Trading by Euan Sinclair.
What Kind of Book is this?
This is unfortunately a tiny textbook. Sorry.
According to Sinclair, Options Trading is meant to be "the only book an intelligent, diligent person would need in order to go from knowing nothing about options to being able to trade professionally". While I'm not really going to comment on whether this is true or not, I will say that Options Trading starts off by introducing the basics of options, and then gradually gets more difficult and full of math as you read on.
Regardless of how difficult the back half of the book is to get through, I would highly recommend anyone who wants to trade options either read the first 6 chapters of this book or at least understand the concepts covered before putting money into the market.
Chapters 1 - 6: the TL;DR version
Chapter 1: History
Chapter 1 covers the history of options and other derivatives. While not really directly applicable in any way, it provides context as to why options, etc. exist.
Chapter 2: The Basics
Chapter 2 covers the basics of options and how they work, including the types of options (calls/puts), what an underlying asset means, strike prices, exercise styles, and the uses for options.
Chapter 3: Arbitrage Bounds for Options Prices
Chapter 3 is when things start getting fun. Sinclair talks about the no-arbitrage bounds for options, fundamental relationships between different options, and put-call parity. The book starts to get a bit "mathy", but a lot of topics still make sense intuitively.
These no-arbitrage bounds mean that options have to be above or below a certain price, or else traders will arb these options until the prices are above/below those bounds.
Stuff like "longer-dated options are worth more because there's more time for them to go in the money" don't necessarily need a math formula to be explained, but it's nice that there are.
Chapter 4: Options Pricing - The Binomial and Black-Scholes
Chapter 4 talks about the binomial and Black-Scholes options models. This chapter is a bit math-intensive, but the main point of this chapter is to get you thinking about the different factor
... keep reading on reddit β‘
Sergio Ramos is still out with his own injury, but Real Madrid havenβt missed him too much of late. Theyβve been collecting clean sheet after clean sheet even without their captain. Then, in this game, MilitΓ£o took on the attacking centre-back Ramos role. The Brazilian provoked two saves from Herrera in the first half and then attempted a volley in the second half too as he sought a goal whenever he was summoned upfield. Then, in the 76th minute, he was the one to break the deadlock at the fourth attempt. It was Ramos-esque the way MilitΓ£o attacked and attacked in this game. Can he be the new Ramos, then, in defence and at attacking set pieces?
Especially like in these ones:
https://www.youtube.com/watch?v=jGlw8GFDwIU
https://www.youtube.com/watch?v=ZPtpr3N3G7Q
I mean... what would be your workflow like? You start from an old machine's sample and process it, maybe sometimes you go for your own recordings? Maybe it's useless trying emulating those same sounds and I will be better off crafting my own ones, but I'm pretty fresh to the genre and I'm trying to learn from the best to produce something sounding unique and well fitted into each song.
Do you have some kind of signature selection of yours and stick to that or like me you spend hours in search for the right sample among a nightmareload of sample packs for every song for then processing it, ending in endless disappointment? Just curious.
I've learned the basics of options so far: What calls and puts are, a little bit about the Greeks, not so much on implied volatility though.
I was wondering if this is a book worth further reading or if there are just a few chapters that are worth the time.
If anyone has read this book, what tips can you give so that someone can get the most out of this book?
