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Reading List

Trading Options Greeks

Reading List, Beginner. Delta, theta, vega and gamma in plain words. Read it before module 4.

Juri von Randow's avatar
Juri von Randow
Oct 31, 2026
∙ Paid
Cartoon: the mentor sets a small weight on a balance scale at the desk while a student watches it level out, a red book beside it, titled The Greeks, In Plain Words.

Four numbers decide what an option does tomorrow: delta, gamma, theta, vega. Passarelli explains each one in words and tables, then shows how they add up inside a vertical spread, a condor and a calendar. After this book you can read any position on your broker screen.

Who it is for: Trading Options Greeks by Dan Passarelli, second edition, 2012. Level Beginner, After the playbook, before anything with a formula.. Time to read About 12 hours, Seventeen chapters, read the first eleven slowly.. Math: Arithmetic, a little algebra, Tables and percentages. No derivations.. Best for Reading a position, You want to look at a chain and know what moves the price..

👉 Buy the Paperback │ Back to the Reading List │ The Elite Trader Program

Below the line, for Pro and Elite Trader members: the chapters we use, the five ideas I took from it, the chapters to skip, and the module it prepares. Elite Traders read the book, then work that module with me one-on-one, on their own positions.

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