“ Naked Option is a breezy, easily digestible pleasure that reads like a pulp detective story in a Wall Street setting. Kolman accurately encapsulates the psychological roller coaster that comes with putting your money and reputation on the line. ”
“ Their relationship crackles, along with the narrative, driving toward a memorable ending by a pro at both trading and writing. ”
page-turner and a slice of life—on
the trading floor
Option traders are the high
wire act of the circus that’s Wall Street.
. In his debut novel, Joe Kolman pulls back
the curtain on this $200 trillion market,
where he spent a decade as editor of its most
influential U.S. trade publication.
Kolman takes us on a guided
tour, showing us some of the world's sharpest
minds crammed literally shoulder-to-shoulder
on huge investment bank trading floors, trading
money along with jokes, insults and, sometimes,
revenge. It’s a pressure-cooker setting
where sophisticated thieves can steal millions
by quietly skimming a few thousand off each
trade -- and a successful trade made at 10
AM can turn into a multi-million dollar disaster
Dave Ackerman, the narrator
of NAKED OPTION, is brilliant trader but one
day, recklessly trying to one-up his firm’s
superstar, he goes naked on an option trade
and loses $112 million in two hours. His career
Then he hears about an auditing
job at an investment bank. He knows within
minutes that something is very wrong, but
he's so desperate, he takes the job. His new
partner is Susanna Cassuto, an attractive
young auditor he tags as a rich party girl.
But on the couch with the lights off, she
becomes something else - awkward and inexperienced.
What is going on?
Together, they discover the
elegant embezzlement scheme going on: one
trader is working inside with a partner outside.
When somebody turns up dead, Dave and Susanna
race to put the pieces together -- but the
bank drops the case. They’re fired.
Furious, Dave goes out on his own to find
But the killer finds him first.
Readers will cheer as Dave
uses all his Wall Street smarts to discover
the one trade in ten thousand that links the
victim with the murderer. And they'll empathize
with the conflict between his desire to save
his career and his ruthless determination
to nail the killer.
Kolman has written a hyper-realistic,
character-driven thriller that shows the real
drama of a Wall Street trading desk. In contrast
to the usual depictions of corporate greed,
he paints an unusually nuanced portrait of
life on an investment bank trading floor,
and the options subculture in particular,
where the dizzy mathematical challenges are
as attractive as the financial rewards.
From the elegant corporate
dining rooms high above New York to the mansions
of New Jersey, NAKED OPTION is an erotic mystery
thriller that crackles with uncompromising
realism that governs its plot, its portrayal
of Wall Street and even sex. NAKED OPTION
is ultimately a tale of hidden identity, where
the struggle for power and prestige trumps