A clear step by step approach to "what's behind volatility
Sehldon Natenberg, a well known volatility expert, explains in a very clear and progressive way the strengths and weaknesses of using options models.
Contrary to what the title implies, this is not an how to DVD: it tells us without any fuzzy mathematics what's behind mathematical models like the Black and Scholes model.
This is one of the corner stones to set our fundamental concepts right. It covers why volatility is essential to options trading, what is exactly the differrence between...
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