--- product_id: 653215345 title: "Option Market Making: Trading and Risk Analysis for the Financial and Commodity Option Markets" price: "138125CFA" currency: XOF in_stock: true reviews_count: 5 url: https://www.desertcart.sn/products/653215345-option-market-making-trading-and-risk-analysis-for-the-financial store_origin: SN region: Senegal --- # 224 pages of in-depth market making insights Numerous graphs, charts & tables for data-driven strategies Hardcover edition for lasting professional reference Option Market Making: Trading and Risk Analysis for the Financial and Commodity Option Markets **Price:** 138125CFA **Availability:** ✅ In Stock ## Summary > 📊 Own the Options Market: Trade Smarter, Risk Less, Win More! ## Quick Answers - **What is this?** Option Market Making: Trading and Risk Analysis for the Financial and Commodity Option Markets - **How much does it cost?** 138125CFA with free shipping - **Is it available?** Yes, in stock and ready to ship - **Where can I buy it?** [www.desertcart.sn](https://www.desertcart.sn/products/653215345-option-market-making-trading-and-risk-analysis-for-the-financial) ## Best For - Customers looking for quality international products ## Why This Product - Free international shipping included - Worldwide delivery with tracking - 15-day hassle-free returns ## Key Features - • **Compact Yet Comprehensive:** 224 pages of focused content designed for busy professionals seeking actionable insights. - • **Data-Driven Decision Making:** Leverage detailed charts and tables to refine your risk analysis and strategy. - • **Master Market Maker Mindset:** Unlock the secrets behind pricing, valuing, and positioning in options trading. - • **Synthetic Options Expertise:** Gain cutting-edge knowledge on synthetic options market making, a rising force on trading floors. - • **Navigate Volatility Like a Pro:** Understand option volatility and delta-neutral tactics to stay ahead in turbulent markets. ## Overview Option Market Making by Allen Jan Baird is a hardcover, 224-page professional guide that dives deep into the role of market makers in options trading. It covers volatility, pricing, risk analysis, and advanced strategies including synthetic options, supported by extensive charts and tables. Ideal for traders aiming to master market making concepts and elevate their trading tactics. ## Description Approaches trading from the viewpoint of market makers and the part they play in pricing, valuing and placing positions. Covers option volatility and pricing, risk analysis, spreads, strategies and tactics for the options trader, focusing on how to work successfully with market makers. Features a special section on synthetic options and the role of synthetic options market making (a role of increasing importance on the trading floor). Contains numerous graphs, charts and tables. Review: A great and valuable guide to option market making - essential book for traders - Compact reading that introduces key concepts to trading options e.g. risk management, mistakes to avoid, delta-neutrality, broker order flows, trading fences & high volatility to name a few. Review: Outdated - A good book on market making. It is outdated under many aspects, the job has changed a lot in the last 28(!) years. In my opinion not worth the price I paid (90€) ## Features - Hardcover - Language: English - Author: Baird, Allen Jan - Number of Pages: 224 - Genre: Investment & Securities ## Technical Specifications | Specification | Value | |---------------|-------| | Best Sellers Rank | #368,427 in Books ( See Top 100 in Books ) #3,026 in Investing #3,996 in Finance #5,225 in Economics | | Customer Reviews | 4.6 out of 5 stars 15 Reviews | ## Images ![Option Market Making: Trading and Risk Analysis for the Financial and Commodity Option Markets - Image 1](https://m.media-amazon.com/images/I/7117IHZo9kL.jpg) ## Customer Reviews ### ⭐⭐⭐⭐⭐ A great and valuable guide to option market making - essential book for traders *by T***T on 27 October 2020* Compact reading that introduces key concepts to trading options e.g. risk management, mistakes to avoid, delta-neutrality, broker order flows, trading fences & high volatility to name a few. ### ⭐⭐⭐ Outdated *by A***R on 21 February 2021* A good book on market making. It is outdated under many aspects, the job has changed a lot in the last 28(!) years. In my opinion not worth the price I paid (90€) ### ⭐⭐⭐⭐⭐ Classic and essential, this and Hull are mandatory *by B***R on 15 November 2005* Baird's "Option Market Making" is the *other* essential options book that any serious practitioner should read. Whether you are buy-side or sell-side, or trading your own book, this work is fundamental and extends where Hull leaves off. In short, pricing models do not a bid-offer spread make, and Baird illuminates this dark world with the well-crafted sunshine of expertise, mathematical rigor, and experience. In addition, Baird's prose is clean, clear, readable and lean, without glossing over tough spots or ignoring extremes. Baird's 1993 "Option Market Making" while a bit dated, is becoming recognized as an enduring classic. Not because it is up-to-date with the latest smile dynamics from the research of Avellenada or Rebenato, but because it does what it does very well. Like a classic cookbook such as The Joy of Cooking, this work tells you how to make perfect pot roast, but not the latest slow braised chipolte-rubbed hand-aged hanger steak. Baird's "Option Market Making", indeed, is an economic anomaly, for it refutes an old chestnut: "those who can't do, teach." In the financial publishing world a book that makes or saves you money should not exist, since the expected return of taking the time and work for authorship is much lower than another economic activity (probably including flipping hamburgers). What motivated Baird? Who knows? But this is pure saved gold here. Option neophytes should not be misled: this is not a book of "secrets of" that will lead you to quick easy riches in the sometimes wild swings of delta and gamma in options markets. Rather, this is a sober, careful, useful book on the actual difficulty of making a market under uncertainty and rapidly changing information sets. This is a work for practitioners and professionals who want to survive and thrive, not "*just*drive!*" Cowboys and "feelings" punters look elsewhere to scratch your itch. Standout chapters include "Options Risk" which treats delta, gamma, lambda, theta, kappa/vega, rho, skew, and time spread risks in a clear, although direct and quick, manner. "Position Risk Profiles" covers the meat and potatoes of an options market maker: what is in your book at any one time. This chapter mercifully is not in a "panic mode" tone, but rather carefully and soberly guides you through essentials of risk determination for your entire book. The chapter "On Strategy" will be helpful for punters and those who have committed some capital to being a market maker, covering delta neutrality (yawn!), but more importantly time spreading, expiration, Fences, and high volatility periods (yeah!). It also treats broker order flow and open interest analysis in a sober way ("saucer bottom" and "reverse hook" technical analysis copter beanies need not apply). The chapter "Market Making Tactics" is perhaps the most aggressive, but it also patiently spells out what option market makers do on a daily basis. The entry on "common mistakes" alone is worth the price of this volume. Baird closes with a lighter "Observations from the Floor," which it behooves all to read nd revist upon occasion. Having worked in a pit myself, all I can say is "amen Brother, and again I say amen." --- ## Why Shop on Desertcart? - 🛒 **Trusted by 1.3+ Million Shoppers** — Serving international shoppers since 2016 - 🌍 **Shop Globally** — Access 737+ million products across 21 categories - 💰 **No Hidden Fees** — All customs, duties, and taxes included in the price - 🔄 **15-Day Free Returns** — Hassle-free returns (30 days for PRO members) - 🔒 **Secure Payments** — Trusted payment options with buyer protection - ⭐ **TrustPilot Rated 4.5/5** — Based on 8,000+ happy customer reviews **Shop now:** [https://www.desertcart.sn/products/653215345-option-market-making-trading-and-risk-analysis-for-the-financial](https://www.desertcart.sn/products/653215345-option-market-making-trading-and-risk-analysis-for-the-financial) --- *Product available on Desertcart Senegal* *Store origin: SN* *Last updated: 2026-06-24*