Option Volatility & Pricing: Advanced Trading Strategies and Techniques
Author: Sheldon Natenberg
List Price: $59.95
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ISBN: 155738486X
Publisher: McGraw-Hill Trade (01 August, 1994)
Sales Rank: 3,764
Average Customer Rating: 4.38 out of 5
Customer Reviews
Rating: 5 out of 5
A must for anyone in the business!
This book is a MUST read for anyone in the options business. If you are planning on trading options for a firm or on the floor this book is like the bible (just ask anyone else). However, a word of caution, this is NOT a book for someone who wants to get an introduction to options (pick up Thomsett's book instead). In my opinion, this book is geared towards readers who want to know more about the details of how options are priced (something that every clerk or runner aspiring to be an options trader should know). In that aspect, it is one of a kind. An excellent read.
Rating: 5 out of 5
A very thorough and completely understandable text.
Obviuosly this book is a must read for anyone serious about trading options. However, Natenberg takes a complex science and explains the underlying fundamentals in a way that anyone can understand. I found this book to be a perfect primer on options pricing, trading and strategies.
Rating: 5 out of 5
Great options book
Perhaps the most amazing success story in the markets and investing in the last 10 or 15 years is the growth of the options market, and the advent of inexpensive trading for derivatives such as options, allowing even the small and amateur investor to use these vehicles if he or she wants. I've read that the options market has grown more than ten-fold since the 80s, even more so than the stock market. This book will help you advance your knowledge of this important area of the market. This is one of the few really high-level options books that are understandable without advanced math. I have a couple of other books on options and derivatives, and they require advanced calculus. It's still geared toward the professional, but as an amateur I still found it interesting and worthwhile reading. Be advised you'll probably still need to read an introductory book or two on options before tackling this volume, which is what I did. But after absorbing those two books, I found I had the background to read and appreciate Natenberg's book. Natenberg discusses all the advanced concepts so you learn such things as how to do butterfly option spreads, synthetic puts and calls, volatility spreads, how to remain delta and gamma neutral, and other such advanced concepts. Overall a great book and essential reading for anyone who wants a better understanding of this important area.
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