This book is written for the experienced portfolio manager & professional options traders It is a practical guide offering how to apply options math in a trading world that demands mathematical measurement Every options trader deals with an array of calculations beginners learn to identify risks & opportunities using a short list of strategies while researchers & academics turn to advanced technical manuals However almost no books exist for the experienced portfolio managers & professional options traders who fall between these extremes Michael C Thomsett addresses this glaring gap with The Mathematics of Options a practical guide with actionable tools for the practical application of options math in a world that demands quantification It serves as a valuable reference for advanced methods of evaluating issues of pricing payoff probability & risk In his characteristic approachable style Thomsett simplifies complex hot button issues-such as strategic payoffs return calculations & hedging options-that may be mentioned in introductory texts but are often underserved The result is a comprehensive book that helps traders understand the mathematic concepts of options trading so that they can improve their skills & outcomes