Sheldon Natenberg is one of the most sought after speakers on the topic of option trading and volatility strategies. This book takes Sheldon's non-technical, carefully crafted presentation style and applies it to a book--one that you'll study and carry around for years as your personal consultant.§Learn about the most vital concepts that define options trading, concepts you'll need to analyze and trade with confidence. In this volume, Sheldon explains the difference between historical volatility, future volatility, and implied volatility. He provides real inspiration and wisdom gleaned from years of trading experience.§Th is book captures the energy of the spoken message direct from the source.§Learn about implied volatility and how it is calculated§Gain insight into the assumptions driving an options pricing model§Master the techniques of comparing price to value§Realize the important part that probability plays in estimating§option prices This new book rendition of Sheldon's highly successful Mastering Option Trading Volatility Strategies presentation is a must-have. It outlines his personal approach for analyzing and trading options the way the pros do: using option models, estimating option prices, and using key volatility techniques.§From the basis of implied volatility and how it's calculated, to the importance of dynamic hedging through delta and neutral positions, Natenberg delivers a 5-star presentation in print that explains critical concepts simply and concisely. Here he proves once again that he's the foremost expert on volatility.§Arming yourself with this book can enhance your trading success in every type of market and allow you to reap considerable rewards żeby mastering the most eff ective volatility techniques from an absolute master of the game.