No trivia or quizzes yet. Goodreads helps you keep track of books you want to read. Want to Read saving…. Want to Read Currently Reading Read. Refresh and try again.
Open Preview See a Problem? Thanks for telling us about the problem. Return to Book Page. Advanced Trading Strategies and Techniques 4.
It covers pricing models, volatility considerations, basic and advanced trading strategies, and 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 and reality of option trading. He presents the foundations of option theory, and shows how this theory can be used to identify and exploit trading opportunities. He explains a wide variety of trading strategies and shows how to select the strategy that best fits each trader's view of market conditions and individual risk tolerance.
Expanded coverage of stock option; Strategies for stock index futures and options; A broader, more in-depth discussion volatility; Analysis of volatility skews; Intermarket spreading with options. Hardcover , pages. Published August 1st by McGraw-Hill first published Advanced Trading Strategies and Techniques. To see what your friends thought of this book, please sign up.
Lists with This Book. Sep 05, Austin rated it really liked it Shelves: I have found that people in finance are prone to referring to books solely by their author which would be a problem if anyone had yet managed to write two decent books in their career.
Natenberg has very much become the industry standard starting point for t I have found that people in finance are prone to referring to books solely by their author which would be a problem if anyone had yet managed to write two decent books in their career. Natenberg has very much become the industry standard starting point for teaching intuition for the behavior of options. Its strength and weakness are both wrapped up in the fact that it is exceptionally qualitative and easy to read.
That is, it is accessible because it doesn't delve into some of the necessarily complex details of managing nonlinear risks on a full portfolio of options, but this is not its aim. What it does very well is to convey the intuition for how to think about the "Greeks" -- the mathematical derivatives of the option value with respect to various market factors. While written as an introduction to the subject, its target audience is the budding professional trader who will actually be trading volatility more often than market direction.
I would recommend this as an excellent starting point to anyone who wants to understand options at a fairly sophisticated level. More detailed material will fall nicely into place with Natenberg as a background. Feb 05, Emily rated it liked it. This is a really hard book to read and understand. It covers a huge amount of fundamental options knowledge, but it does so quickly. I find it difficult to understand because very complex concepts are covered in a single sentence or two and then the author assumes you understand.
It requires a lot of rereading and focus, but is worth the work if you're looking for a through understanding of options theory. Feb 06, Cord Stafford rated it it was amazing.
Mar 06, Tianyi rated it it was amazing. An awesome book about option trading. In-depth explanation and full of details. Mr Natenberg is an awesome man, his book is considered as the The bible of option trading. Mar 11, Jeffrey rated it it was amazing Shelves: Although slightly dated, this book is a classic and should be read by almost anyone interested in trading options or otherwise. Don't start reading this book with the intention of mastering option trading - the market has evolved significantly and the book does not cover newer concepts such as risk reversals, fly and their respective sensitivities such as rega, sega, etc.
What it does well is teach you how to think of trades, rather than just taking a punt Natenberg teaches well the concept of Although slightly dated, this book is a classic and should be read by almost anyone interested in trading options or otherwise.
What it does well is teach you how to think of trades, rather than just taking a punt Natenberg teaches well the concept of risk-return of a trade - don't go for the home run every trade, otherwise you might go broke before getting it right, at the same time picking up pennies in front of a bulldozer will probably blow you up as well.
What the book will teach you is finding the best way to express a trade idea and also trading styles - for examples, butterflies, boxes, etc. It also teaches how to analyse your trade and positions and identify its weaknesses. It won't make you a good trader, but the book will teach you the tools to learn to become one. Jan 17, Dmitri rated it liked it Shelves: Shelly's book is the 'Kindergarten book of Options'. It is very entry-level, discusses only simplistic options strategies, and doesn't have any heavy math.
Consequently, my advice is to maybe read it once if you're a newbie, or better yet just read PWIQF or some such and give this book a miss altogether. Also, this book doesn't really deserve to have 'Volatility' in its name - if you are interested in volatility, read Sinclair's Volatility Trading , don't bother with this one, it's far too primit Shelly's book is the 'Kindergarten book of Options'.
Also, this book doesn't really deserve to have 'Volatility' in its name - if you are interested in volatility, read Sinclair's Volatility Trading , don't bother with this one, it's far too primitive and doesn't really describe any volatility-related math.
Jan 09, Nick Black rated it it was amazing Recommended to Nick by: Fantastic introduction to pricing and volatility theory. Everything I could have asked for. Aug 16, Carl Yang rated it it was amazing. The bible on options trading. Mandatory reading for most proprietary firms and derivatives training programs.
Uses very little exotic math and illustrates logically many important concepts. Still keep this as a reference and by far the best book on options trading. Jan 04, Matt Stirling rated it it was amazing. Very well written book. Anyone that that wants to read Hull should read this first. Jun 05, Bill Graham added it. The most complete work on option theory and practice.
Dec 25, Thomas rated it really liked it. If you trade options, read this book. Literally anyone who's worked as a market maker has read this book. Jun 26, Michael Bond rated it really liked it.
Very technical and through. Dated, but still applies. Dec 02, Shantanu Sharma rated it it was amazing Shelves: Fantastic book on options pricing theory and trading strategies. Sheldon Natenberg is among the most renowned authors on options pricing.
Aug 20, Deepak Bhawsinka rated it it was amazing. Beto rated it it was amazing Aug 20, Tadas Talaikis rated it really liked it Apr 02, Dylan Hoon rated it really liked it Oct 06, Junyang Ren rated it it was amazing Dec 14, Cole Fun rated it really liked it Sep 03, Ryan Reagan rated it it was amazing Dec 11, Artur Marcinkowski rated it it was amazing Apr 24, Joel rated it really liked it Apr 07, Cagdasy80 rated it it was amazing Aug 21, Jamie Gamble rated it it was amazing May 15, Mario rated it it was amazing Apr 16, Dave rated it really liked it Aug 09, Norman Nunley rated it it was ok Jul 19, Thaplar Thaplar rated it it was amazing Sep 01, There are no discussion topics on this book yet.
If you like books and love to build cool products, we may be looking for you. Books by Sheldon Natenberg. Trivia About Option Volatility Just a moment while we sign you in to your Goodreads account.More...