Ep. 115: Thorsten Wegener On the Simplest Way to Understand Option Markets
- By Bilal Hafeez
- 2 min read
Thorsten spent twenty years trading equity derivatives and was a partner at Bear Stearns. He was also head of equity derivatives at Panmure Gordan and Head of Trading Warrants and Structured Products at WestLB. Currently, he educates and lectures on derivative markets. On this podcast we discussed:
- A simple explanation of options
- How to understand volatility
- What VIX is and how to trade it
- Skew and the volatility smile
- How to manage your options position
- Understanding the greeks – delta, gamma, theta
- The different players in the options market
- Books that influenced Thorsten: Reminiscences of a Stock Operator (Lefvre), and Atlas Shrugged (Rand)
You can read Thorsten’s explainers and other work here.
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(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)