Option volatility & pricing
by Sheldon Natenberg · first published 1994
83% recommend17% neutral
Why HN recommends it
Thorough, practical treatment of options pricing and volatility that stays readable without drowning in math; widely given as the standard text for anyone wanting a deep grounding in options trading.
Summarised by Claude from recommending comments
Written in a clear, easy-to-understand fashion, Option Volatility & Pricing points out the key concepts essential to successful trading. Drawing on his experience as a professional trader, author Sheldon Natenberg examines both the theory and reality of option trading. He presents the foundations of option theory explaining how this theory can be used to identify and exploit trading opportunities. Option Volatility & Pricing teaches you to use a wide variety of trading strategies and shows you how to select the strategy that best fits your view of market conditions and individual risk toleranc
Affiliate links. As an Amazon Associate I earn from qualifying purchases.
Mentions per year
What Hacker News says
Related books
2008–2016Capital Ideas
Peter L. Bernstein
Recommended by 4 · mentioned by 44 recommend · 4 mention4 recommend · 44 recommend
2008–2024You can be a stock market genius
Joel Greenblatt
Recommended by 6 · mentioned by 86 recommend · 8 mention6 recommend · 86 recommend
2011–2021Options, futures, and other derivatives
Hull, John
Recommended by 10 · mentioned by 1010 recommend · 10 mention10 recommend · 1010 recommend
2008–2024Security Analysis
Benjamin Graham, David Dodd, Seth Klarman
Recommended by 12 · mentioned by 2412 recommend · 24 mention12 recommend · 2412 recommend
2007–2026One Up On Wall Street
Peter Lynch, John Rothchild
Recommended by 20 · mentioned by 2720 recommend · 27 mention20 recommend · 2720 recommend
2009–2026Options, futures, & other derivatives
John C. Hull
Recommended by 25 · mentioned by 3525 recommend · 35 mention25 recommend · 3525 recommend
2007–2026Against the gods
Peter L. Bernstein
Recommended by 28 · mentioned by 3628 recommend · 36 mention28 recommend · 3628 recommend
2007–2026A Random Walk Down Wall Street
Burton Gordon Malkiel
Recommended by 127 · mentioned by 190127 recommend · 190 mention127 recommend · 190127 recommend
Natenberg wrote the classic tome on the subject (Option Volatility and Pricing) but the burned hand teaches best. Trade some options, lose some money, and you'll learn what to do and what not to do.
on “What Is a Gamma Squeeze in the Context of Stock Trading?” ↗For all you who love playing with math check out Option Volatility & Pricing: Advanced Trading Strategies and Techniques by Sheldon Natenberg
on “Ask HN: Best books/source to learn about investing?” ↗Option Volatility and Pricing by Natenberg and Option Trading by Sinclair were the books given to me at an options trading firm if you're looking to get really acquainted.
on “Omnieq: Credit Spread Scanner” ↗“Option Volatility and Pricing” by Natenberg is the standard text on options. There are also multiple option strategy websites that explain the different single and multi-leg option strategies, if you just want a cursory overview.…
on “Mom and pop investors are on a stock buying spree, fueled by free trades” ↗Option Volatility and Pricing by Natenberg is extremely complete while managing to avoid drowning in maths, it is widely recommended and considered a classic. There are more informal books around that focus a little too much on trading/application…
on “What Is a Gamma Squeeze in the Context of Stock Trading?” ↗Good call on the Hull recommendation - How do you feel about Natenberg's Option Volatility and Pricing? What do you trade, out of curiosity? (Career software engineer and fledgling options trader here, these were recommended to me when I first started learning. Still looking to make an industry change.)
on “Ask HN: What are the must-read books about economics/finance?” ↗