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Summary: The Bible of options trading
Review: A Must-Read for anyone in the options industry
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Summary: B Katan
Review: Absolutly amazing work ,a must for option traders,But not for begginners .
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Summary: Vital reading for non-floor traders too!
Review: Anyone who is serious about trading options needs a firm grasp of the greeks. Natenberg is a master at taking a very complex subject and making it as clear as possible. If you aren't dedicated to actually learning options seriously, then this probably isn't for you. But if you plan on learning options strategies, this book needs to be part of your liberary!
Rating:
Summary: The Bible of Options Trading
Review: As a floor clerk for a professional options trading group, I beleive this book gives an excellent non-techincal overview of options trading.
Before you buy this book you should know;
The book is geared toward professionals and floor traders, but that doesn't mean that a non-professional wouldn't learn a ton about option trading (things that one could apply to trading from off the floor).
The book is not very technical. If you are looking for a technical book, buy "Options, Futures, and Other Derivatives" by John C. Hull.
Rating:
Summary: Clarity out of profundity.
Review: Einstein once said that if a man cannot explain a complex notion in a simple manner, then he likely has not understood the notion. As if taking this axiom to heart, Natenberg's book makes clarity out of profundity. This is a book that should, from its title and subject matter, terrify neophytes to options trading. On the contrary, it kept this neophyte rapt. An immensely rewarding book. I recommend it unreservedly
Rating:
Summary: Probably one of the best options book
Review: Either you'll love it or you won't understand it. If you're starting in options, choose other books than this one. If you already have an options background then THIS is the book you want. It is the most complete options book I've read.
Rating: 
Summary: Good for Book End
Review: Great stuff for floor traders. You can buy any software package that does automatically what the author takes 300 pages to explain. Reality is you need a basic understanding of the contents of this book that you can get better from other authors. This is not a practical book on how to get started and apply the theory. It is a floor traders impression of what they have to know. Do they use it or are they required to learn it? As a full time option trader I have been successful without worrying in depth about the mathematical values of the greeks. My software does that for me. Leaving me to trade. The book stops my other books falling over as it is heavy and looks impressive to my trader visitors who pick it up. Grunt and then put it down. They don't understand it either. We just make money trading options so what do we know. Thanks for the bookend.
Rating: 
Summary: Excellent for practioners
Review: Hull can get you as far as telling you what research is out there, while Duffie points out clearly what is going on. Natenburg is a text for the practioner --- someone assigned the project of structuring, and monitoring a spread. If you find youself in the trenches this is the text for you.
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Summary: An excellent book for the options business
Review: I am now working in Merrill Lynch Global Equity Products Group. This is an excellent book, with simple wordings to explain the complex structured notes. I read many books on options, but couldn't find one to cover that much with such a simple way. This book is not just for the traders, but for those who have experience on options. You need to have some general idea about options before you open this book, and I highly recommend people who work in the derivatives area to read it!
Rating:
Summary: Too much theory and no application
Review: I bought this book and returned it as it was far too complicated for the average person. I was after a practical application of option trading not just the theory.
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