Resources & Further Reading
Options Drill's flashcards and strategy guides distill the standard options literature — they are a memory aid, not a substitute for the source texts. Below are the books worth owning and the authoritative free references, so you can verify any claim and go deeper on any topic the cards cover.
/go/ affiliate redirects. If you buy through them, Options Drill may earn a small commission at no extra cost to you. We only list books we recommend regardless. The official references in the next section are free and carry no affiliate relationship.
Recommended books
Three texts that cover what the decks drill — strategy construction and risk, the volatility dynamics behind every strategy's edge, and the greeks as living position management tools.
-
Options as a Strategic Investment — Lawrence G. McMillan
The definitive options reference. Comprehensive coverage of every listed strategy with construction, risk profiles, and management rules. The first book serious options traders reach for.
-
Option Volatility and Pricing — Sheldon Natenberg
The market maker's bible. Deep treatment of volatility — historical vs. implied, skew, and the greeks under real-world conditions — written by a former CBOE market maker.
-
Trading Options Greeks — Dan Passarelli
The clearest bridge between textbook Greeks and practical position management — how delta, gamma, theta, and vega interact when you are actually in a trade.
Official references
Free, authoritative sources. Every exercise, assignment, and settlement mechanic in the decks traces back to the OCC disclosure document; every exchange-design fact traces back to Cboe.
-
The definitive regulatory disclosure for listed options — the ODD. Every U.S. broker is required to deliver it before options trading. Covers contract specifications, exercise, assignment, settlement, and risk factors. Primary source for exercise and assignment mechanics in the decks.
-
Free courses and articles on options mechanics, strategies, and the exchange itself — published by the world's largest options exchange. A reliable authoritative source for exchange-level contract and settlement facts.
How we cite
Cards in the study deck carry a source on their back — trace any strategy, greek, or mechanic straight to the text it comes from. The goal is simple: you should never have to take a flashcard's word for it. Options Drill is educational only and never executes trades or holds broker credentials.
Book links above go through affiliate redirects; the official references are free and carry no affiliate relationship.