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 by mastering the most eff ective volatility techniques from an absolute master of the game.