The Options Edge: Winning the Volatility Game with Options on Futures

Based on the results of a major empirical investigation into the long-run expectations of both buyers and writers of options on commodity future contracts. The Options Edge shows that it is possible to develop a systematically profitable approach to the trading of options, in a way that can be understood by any trader-and employed by every trader. Unlike well-known theoretical treatises that often sink under the weight of their own mathematical presumptions, The Options Edge develops a simple, understandable, and widely applicable option pricing model without invoking any complicated mathematics whatsoever.