Option Volatility & Pricing: Advanced Trading Strategies and Techniques

This book provides introduction to mathematical models of options. On a plus side, it gives the best explanation I ever seen of option analytics. On the downside, the practical value of this book - at least for non-institutional options trader - is quite limited. If there is any advantage in arbitrage to be taken in the current environment (the book was written in 1994, before electronic options trading), it will not be available to individuals, since such arbitrage opportunities will disappear almost momentarily. It's interesting to see some of theoretical explanations but most of the time it is something that most traders already know intuitively. One more complaint - the book contains explanation/commentary/models for options of show more stocks as well as futures. This really should be covered in a separate volumes since they are quite different. show less

quantivity said dated practitioner introduction to volatility trading
"Unencumbered with theory, it portrays option trading from the vantage point of a down to earth floor trader. It provides an essential introductory text for book runners and risk managers." Nassim Taleb