Option volatility & pricing

Natenberg, a seasoned options trader, wrote this guide to help readers understand how option prices behave. He pairs the mathematical underpinnings of option theory with the practical realities of working on a trading floor and in live markets. The book shows how that theory can reveal mispriced options and profitable openings. Readers then see a range of strategies and how to choose among them based on their outlook on the market and how much risk they can bear.