It has been widely adopted for its comprehensive coverage, exceptionally clear explanations of difficult material, and avoidance of nonessential math. The text bridges the gap between the theory and practice of derivatives and helps readers develop a working knowledge of how derivatives can be analyzed. Now completely revised and updated to encompass all the latest options trading vehicles, it supplies traders and serious investors with an abundance of new, strategic opportunities for managing their investments.
Examples make clear the power of each strategy in carefully defined market condition.
Cottle explains how to eliminate inappropriate risks, adjust positions as the underlying market changes, and optimize the potential of the option positions. As if taking this axiom to heart, Natenberg's book makes clarity out of profundity. This is a book that should, from its title and subject matter, terrify neophytes to options trading. On the contrary, it kept this neophyte rapt. An immensely rewarding book.