One of the most widely read books among active option traders around the world Option Volatility & Pricing" has been completely updated to reflect the most current developments & trends in option products & trading strategies. It covers pricing models volatility considerations basic & advanced trading strategies & risk management techniques. Written in clear easy-to-understand fashion the book points out the key concepts essential to successful trading. Drawing on his experience as a professional trader author Sheldon Natenberg examines both the theory & reality of option trading. He presents the foundations of option theory & shows how this theory can be used to identify & exploit trading opportunities. He explains a wide variety of trading strategies & shows how to select the strategy that best fits each trader's view of market conditions & individual risk tolerance. The new sections include: expanded coverage of stock option; strategies for stock index futures & options; a broader more in-depth discussion volatility; analysis of volatility skews; & intermarket spreading with options."