Agri-Commodity Derivatives Trading: Trading Volatility & Structured Products Paperback – March 31, 2019

How simple the complex things can be made is the true metric to evaluate the expertise in a field.Lohiya through this book has proved his expertise in vol trading, by breaking down the esoteric vol trading in a simple and easy to understand language without much complex mathematical formulaes.In an era where machines have taken over most aspects of trading the only place where there is still opportunities left to make money for active investing/trading community is volatility trading in agriculture commodities. But given the idiosyncratic nature of this market there is very little literature available to traders to make use of this opportunity. Lohiya covers the most important aspects of this volatility trading in easy to understand and implementable format for the traders. While most of the options/ vol trading books comes with complex equations and making it more esoteric for traders, this book gives all the tools needed to become successful Agri commodity volatility trader without the need to go through the complex formulas.Lohiya has exceptional track record in his trading career and he is very successful in distilling his strategies into easily implementable ideas in this book.given how difficult it is for trading companies to make money in this last decade and some of the big hedge funds have closed their Agri commodity trading, to make money consistently in this environment really needs skills par excellence. Lohiya has not only been consistent in making money with vol trading during his stint as an employee but he also been successful making money in his new avatar as an entrepreneur, this could not have been possible without his great trading skills which makes this book as must read. The book not only covers volatility trading in general but also covers how different idiosyncratic factors (weather , seasonality, political risks etc) affects volatility in Agri markets.The book also covers the interlinkage of options market with futures market.Just like Reminiscences of stock operator has been must read for any aspiring trader this book is a must read for any aspiring Agri commodity vol trader.

1. The book is not well organized or structured, poor editing.2. The content is DEFINITELY NOT worth 95USD. This book feels more someone's project than a book. Most of the information in this book can be found on the internet or from textbooks. There is nothing new or groundbreaking in this book.3. If the price of this book was 10USD, it will have been a good worthy buy but not 95USD.In summary, it is not worth the money at all. I strongly advise against buying this book unless its 10USD.

This is a phenomenal book that lays out how professional commodities traders--i.e market makers, funds, banks-- look at volatility as an asset class and manage books. Loya draws on his years of experience trading at various commodity shops and it clearly translates into the text, and the reader will walk away with a thorough understanding of the intricacies of managing flow through OTC and options markets.Loya spares you from the boring details of "where corn is grown" or "what sugar is used for" and instead dives (assuming you know basic options) into trading skew, wings, risk management and volatility surface. The material can be dense at times for novices but the level of detail is unparalleled for a professional commodities trading book.This book should be required reading for any professional options trader who has just joined a trading firm/MM shop/bank,

"This book is essential reading if you are serious about understanding how the professionals trade options, and to trade like them.Most books on the topic are too theoretical and largely cater to the academic community rather than professionals, who actually trade options for a living. And by professionals, I am not referring to those who sell options (to earn income!) or sell strangles thinking they have a 68%-95% chance of making money! (in theory they do, in practice they don't :-))The author has achieved the fantastic feat of simplifying a really complex subject matter in a manner that makes it accessible to a 'layman' reader. You will still need to have some basic understanding of math and financial instruments in general however. I took pictures of some pages and tried to upload them, but for some strange reason, Amazon didn't allow it.Practitioners (market makers, volatility traders) will all find useful nuggets, which will improve their trading results by reducing the hidden risks in their portfolios. The book clearly outlines where such risks, often missed by traders, lie, and more importantly, how to effectively mitigate them.Beginners, who are serious about actively trading an options portfolio, will find this book to be a go-to reference guide. And would require multiple readings to fully imbibe the material provided. I believe this book should become recommended reading for all undergrad and grad students taking a derivatives course anywhere in the world.Finally, congratulations to the author for the masterpiece, and good luck to everyone for their trading. "

A very comprehensive and well written book covering practitioner level details of agri commodity derivative market: a subject where not much is available to read.The book covers some of the intricate topics of option market making, OTC product and risk management with simple and yet practical explanation.I would strongly recommend the book for all the trading and risk management community within commodity world