Lessons for Traders (PDF)

The “Greeks” and other important terminology
Using implied volatility and statistical volatility to acquire a trading edge
Directional trading for different volatility outlooks
Neutral trading for different volatility outlooks
Choosing the optimal credit spread
When and how to adjust positions
Judicious premium selling
Diagonal calendar spreads
Strangle Swaps
Vertical (Calendar) swaps
Long Strangles vs. Strangle Swaps and Short Strangles vs. Iron Condors