Table of Contents

CHAPTER 1 – THE GREEKS

Section 1 – Delta
Section 2 – Gamma
Section 3 – Vega
Section 4 – Theta
Section 5 – Rho
Section 6 – Graph of Different Greek

CHAPTER 2 – DELTA NEUTRAL TRADING

Section 1 – Basic Delta Neutral Position Example

CHAPTER 3 – STRADDLES &STRANGLES

Section 1 – Purpose
Section 2 – Straddle and Strange Price as a Function of Stock Movement
Section 3 – Straddle vs Strangle

CHAPTER 4 – STRADDLES-STRANGLE SWAPS

Section 1 – Risk Calculation 
Section 2 – An Alternative Way of Dissecting the Double Diagonal
Section 3 – Straddle – Strangle Swap Strap
Section 4 – Closing a Straddle/Strangle Swap Criteria

CHAPTER 5 – GAMMA SCALPING

Section 1 – Purpose of Gamma Scalping
Section 2 – When Gamma Scalping Can be used
Section 3 – Why Gamma Scalping Works 
Section 4 – Gamma Scalping and Time
Section 5 – Volatility

CHAPTER 6 – GAMMA SCALPING CRITERIA-HEDGING WITH STOCK

Section 1 – Entrance Criteria
Section 2 – Adjusting, Re-Hedging and Exiting the Trade
Section 3 – Exit the Position
Section 4 – Measuring the Greeks 

CHAPTER 7 – GAMMA SCALPING CRITERIA-HEDGING WITH OPTION

Section 1 – Long/Short Delta
Section 2 – Add to Position (Buy an Option)
Section 3 – Sell from a Position (Sell an Option)
Section 4 – Happy Medium

CHAPTER 8 – REVERSE GAMMA SCALPING

Section 1 – Reverse Gamma Scalping Concept
Section 2 – Reverse Gamma Scalping in Action
Section 3 – More Reverse Gamma Scalping
Section 4 – Reverse Gamma Scalping Method #1
Section 5 – Case Study: The SPX
Section 6 – Reverse Gamma Scalping Criteria

CHAPTER 9 – PORTFOLIO MANAGEMENT USING GREEKS

Section 1 – Practical Application
Section 2 – Managing the Greeks: An Overview
Section 3 – Understanding Your Positions
Section 4 – Portfolio Management Conclusion