Sheldon Natenberg began his trading career in 1982 as an independent market maker in equity options at the Chicago Board Options Exchange. From 1985 to 2000 he traded commodity options, also as an independent floor trader, at the Chicago Board of Trade.
While continuing to trade, Mr. Natenberg has also become active as an educator. In this capacity he has conducted seminars for option traders at major exchanges and professional trading firms around the world. Since 2000 Mr. Natenberg has been in charge of the education program at Chicago Trading Company, a proprietary derivatives trading firm.
Mr. Natenberg is the author of Option Volatility and Pricing: Advanced Trading Strategies and Techniques. The book addresses many of the special problems of the professional trader, with particular emphasis on the practical aspects of option evaluation and risk management.
Book by Sheldon Natenberg:
Option Volatility & Pricing
Advanced Trading Strategies and Techniques (Hardcover)
The new edition of Option Volatility and Pricing is completely updated to reflect the most current developments and trends in option markets, both in terms of products and trading strategies. The book covers all aspects of options, including pricing models, volatility considerations, basic and advanced trading strategies and risk management techniques. Written in a clear, easy-to-understand fashion, the book provides a down-to-earth explanation of the key concepts essential to successful trading.
New sections include:
- Expanded coverage of stock options
- Strategies for stock indexed futures and options
- A broader, more in-depth discussion of volatility
- Analysis of volatility skews
- Intermarket spreading with options