Please note: This is a companion version & not the original book.Sample Book Insights: #1 The purpose of this book is to provide a qualitative framework for options investing based on a quantitative analysis of financial data and theory. Mathematics plays a crucial role when developing this framework, but it is primarily a means to an end.#2 A share of stock is a security that represents a fraction of ownership of a corporation. Stock shares are typically publicly traded on stock exchanges, such as the New York Stock Exchange and the Nasdaq. ETFs are a basket of securities, such as stocks, bonds, or commodities.#3 An option is a type of financial derivative that is based on the value of an underlying asset. The most basic types of options are calls and puts. American calls give the holder the right to buy the underlying asset at a certain price within a given time frame, and American puts give the holder the right to sell the underlying asset.#4 The intrinsic value of a call option is equal to the difference between the strike price and the stock price.