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Sheldon Natenberg: Professional Options Trader

If you ask professional traders for the title of one of the most influential books about options, more than likely Sheldon Natenberg’s book Option Volatility & Pricing (McGraw-Hill) will be mentioned. Although geared primarily to the professional trader, his insights into the importance of volatility in determining option prices were a breakthrough in the options world.

Natenberg started his career as an independent market maker in equity options at the Chicago Board Options Exchange (CBOE) before moving to the floor of the Chicago Board of Trade (CBOT). He has been the director of education in charge of training professional options traders for the Chicago Trading Company, a proprietary derivatives ...

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