Trading Volatility: Trading Volatility, Correlation, Term Structure and Skew

Amazing resource, if you have experience and a sharp mind. Definitely NOT for starters or free time traders.

If you are interested in the way active traders in, well, anything with optionality, view their world, this book is a terrific resource. It landed on my doorstep yesterday afternoon and I have already spent an enjoyable and enlightening evening paging through this work with the dog at my side. I know it will survive many further perusals. As others have pointed out, it finds a happy median between "Options for Dummies" and "Some Book By a Prof. Who Wants To Throw Equations At You." The math in this book is all of the distilled E = mc^2 variety that reveals fundamental truths. A must for hedge fund veterans who rely on options vol to finance their kid's trip to Harry Potter World, like me.

I'd say the book was relatively solid, it works well as something more advanced than the very basics of options but still rather tractable and easily read compared to some of the more verbose and technical reading one is privy to find when trying to learn more about options pricing. It's worth noting it does spend a decent bit of time considering var swaps, vol swaps, exotics, etc. which may not be of interest to everyone.

Easy to read and useful

A useful book for a practitioner view on equity options. No pricing, no maths, just a practical approach