Mastering Option Trading Volatility Strategies with Sheldon Natenberg

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Summary: A clear step by step approach to "what's behind volatility"
Review: 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 historical implied and future volatility and how these concepts are essential to trading: no mythological or religious construction to follow blindly, just a plain clear explanation.
Highly recommended for the professional trader as well as for the beginning one.