There are no such things as secrets in options. And yes there have been hundreds of books written about selling options. Options haven't changed in 30 years. You want to know what guys do on the floor. Go ask them, they will tell you. Why? Because it's no secret what they do, they just have the advantage of earning the spread, seeing the order flow, fading the order flow they don't like, and no capital limitations. Oh, also dirt cheap transaction costs. But they aren't doing anything secretive. I don't know why there is this myth that there are these magical secrets out there and once you discover them you will be wealthy beyond your wildest dreams. Look 99% of the money made in the market, in any market is made in one of two ways. One through order flow information and two execution and cost of execution. The other 1% or so comes from pure speculation. Everyone and their brother knew what LTCM was doing, it wasn't a secret. They could just put on their trades much cheaper than anyone else and got financed better than anyone else. When you study options you learn there are only so many things you can do and none of them are a secret. In fact, somebody correct me if I'm wrong but has there been any new strategies in options since the call options started trading in 1973 on the CBOE? I don't think so.