Option Volatility Trading Strategies – Sheldon Natenberg

Option Volatility & Pricing is considered the foundational book for anyone serious about options trading. Sheldon Natenberg explains how professionals analyze volatility, price options, hedge dynamically, and manage risk in fast-moving markets. This updated edition expands on modern products, advanced models, and practical techniques that traders use on major exchanges and prop desks. It blends the science of option theory with the art of real-world decision making, giving traders a complete framework for building strong, logical, and adaptable strategies.

• Learn the fundamental concepts that drive all option pricing and volatility behavior.
• Understand how professional traders use dynamic hedging to neutralize risk.
• Study volatility, skew, and directional strategies that fit different market conditions.
• Master position management, risk control, and scenario analysis.
• Explore stock index futures, index options, and volatility-based instruments in depth.
• Apply theoretical models to design smarter, probability-based strategies tailored to your market view.