03 June 2022 Asset Allocation

Ep. 115: Thorsten Wegener On the Simplest Way to Understand Option Markets

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.

Read full transcript here.

Make sure to subscribe to the show on Apple, Spotify, YouTube, or wherever you go for your podcasts. You can follow us on Twitter and LinkedIn.

(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.)

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Ep. 115: Thorsten Wegener On the Simplest Way to Understand Option Markets

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