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This booktakes Sheldon's non-technical, carefully crafted presentationstyle and applies it to a book--one that you'll studyand carry around for years as your personal consultant. Learn about the most vital concepts that define options trading, concepts you'll Sheldon Natenberg is one of the most sought after speakers onthe topic of option trading and volatility strategies.
Learn about the most vital concepts that define options trading, concepts you'll need to analyze and trade with confidence. Inthis volume, Sheldon explains the difference between historicalvolatility, future volatility, and implied volatility. He providesreal inspiration and wisdom gleaned from years of tradingexperience.
WileyTrading: Options Books
Th is book captures the energy of the spoken message direct fromthe source. Learn about implied volatility and how it is calculated Gain insight into the assumptions driving an options pricingmodel Master the techniques of comparing price to value Realize the important part that probability plays inestimating option prices To see what your friends thought of this book, please sign up.
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Lists with This Book. This book is not yet featured on Listopia. Ettore Valerio rated it it was amazing May 03, John rated it really liked it Jan 08, LL rated it liked it Jan 31, Dikshek Dhir rated it it was amazing May 30, Jacky Lin rated it it was amazing Nov 25, Akshay Gawade rated it really liked it Oct 26, Nadeem Khan rated it it was amazing Dec 09, Raghu Kundangar rated it really liked it May 29, Mark Newton rated it it was amazing Sep 27, Also the book does not fully explain how a trader may judge whether an option is cheap or expensive. For example, according to the book, an option would be expensive if its implied volatility were higher than the stock's i.
I approached this book with great expectations having read other books of natenburg, this book fell short. Very basic information even dummies series will have more information. There is nothing that you can take from this book and call as strategy. Perhaps basic fundamental of option volatility would be a good title and 50 pages would be enough.
Compared to his first book, this one is a joke and makes you wonder whether Natenberg did write it himself. It was way to basic and brief for a serious vol trader and too involved for a beginner. I went through the book in 30 minutes and was extremely disappointed. The book has less than pages of real content, not to mention large font size and double space. A good chunk was spent on talking about very basic concept of expected value and normal distribution.
I hope anyone who is interested in trading option would know such things by heart. Flap copy Successful trading, in general, is difficult and options specifically can be compli-cated.
In most cases, those who do well have an ability to focus on good processes and let the results take care of themselves. Nobody is more familiar with this situation than professional trader and quantitative analyst Euan Sinclair. In Option Trading, he's broken down the process into the parts you need to thrive--an understanding of market structure, knowledge of the instruments you trade, a way to capture an edge, and a methodology for managing risk. Written with the serious trader in mind, this comprehensive guide opens by exploring options, both historically and conceptually, and then uses the no-arbitrage principle to introduce option pricing--examining both static arbitrage relationships and the dynamic hedging approach.
With this critical background in hand, the largest and most substantial part of the book addresses how to actually trade options. Along the way, you'll gain an in-depth understanding of: The various option strategies that can be implemented, from puts and calls to strangles, straddles, and butterflies How to measure and forecast realized volatility, the nature and behavior of implied volatility, and what it takes to successfully trade the two The concept of expected value, the general idea of hedging, and the importance of trade sizing The strategies behind market making The essential aspects of risk management in option trading And much more Option trading is an important part of the financial landscape.
Back cover copy Successful trading, in general, is difficult and options specifically can be complicated. The various option strategies that can be implemented, from puts and calls to strangles, straddles, and butterfliesHow to measure and forecast realized volatility, the nature and behavior of implied volatility, and what it takes to successfully trade the twoThe concept of expected value, the general idea of hedging, and the importance of trade sizingThe strategies behind market makingThe essential aspects of risk management in option tradingAnd much more Option trading is an important part of the financial landscape.
Table of contents Preface. The Role of Mathematics.
The Structure of this Book. Chapter 2 Introduction to Options.
Specifications for an Option Contract. Chapter 3 Arbitrage Bounds for Option Prices. American Options Compared to European Options. Absolute Maximum and Minimum Values. Chapter 4 Pricing Models. Choice of Dependent Variables. Chapter 6 Option Strategies. Forecasting and Strategy Selection. Chapter 7 Volatility Estimation.