This book is about: 1. What is an option, and how do options work? 2. Valuing options with the black--scholes-morton option-pricing model 3. Trading volatility 4. Are option fairly priced? 5. Fundamental option strategies 6. Portfolio hedging producing enhanced returns 7. Option strategies for special situations 8. Extracting information from options prices 9. Synthetics 10. Home runs…