Sign-In
Cart
Volatility Arbitrage (Master Option Trader Series): Exploiting Mispricings on the Volatility Surface
Paperback
Series: Eng Master Option Trader, Book 2
Please select the version of book you would like to purchase.
ISBN13: 9798251459548
Publisher: Independently Published
Published: Mar 10 2026
Pages: 198
Weight: 0.60
Height: 0.42 Width: 6.00 Depth: 9.00
Language: English
Publisher: Independently Published
Published: Mar 10 2026
Pages: 198
Weight: 0.60
Height: 0.42 Width: 6.00 Depth: 9.00
Language: English
Most traders who call themselves volatility arbitrageurs are running directional volatility positions dressed in the language of arbitrage. This book corrects that. Completely. Volatility arbitrage is not about predicting whether volatility will go up or down. It is about recognizing when one part of the volatility surface is mispriced relative to another and systematically extracting that spread before it closes. That shift from absolute to relative is the dividing line between retail options trading and institutional volatility work.
Volatility Arbitrage, Book 2 of the Master Option Trader Series, teaches you to execute that framework at an institutional level. Calendar spreads, Diagonal structures, Ratio trades, Dispersion and correlation arbitrage, multi-expiration vega risk, and the full mechanics of the VIX term structure including a forensic case study of the August 5, 2024 backwardation event, the most extreme term slope reading outside 2008 and COVID. Inside:
Theta is not the edge. The edge is the mispricing. This book teaches you to find it, size it, and extract it and to sit out when conditions make the trade dangerous. For traders who finished Book 1 and are ready to move from convexity to the surface.
- The Volatility Surface: geometry, curvature, slope, and distortion signals
- Calendars, Diagonals, and Ratio spreads built for relative-value execution
- Dispersion and Implied Correlation Arbitrage, the institutional framework
- VIX Term Structure convergence trades: entry, sizing, and exit discipline
- Eight hidden killers of multi-expiry positions, and how to recognize them before they cost you
- The Vol Arb Operating System: pre-trade workflow, shock matrix, and survival-probability sizing
- Monte Carlo Surface Simulation for path risk evaluation
Theta is not the edge. The edge is the mispricing. This book teaches you to find it, size it, and extract it and to sit out when conditions make the trade dangerous. For traders who finished Book 1 and are ready to move from convexity to the surface.
Also from
Pelz, Tony
Tail Risk Hedging (Master Option Trader Series): Portfolio Protection Without Killing Returns
Pelz, Tony
Paperback
$23.94
THETA HARVESTING (MASTER OPTION TRADER Serie): Systematische strategieën voor premieverkopen in opties
Pelz, Tony
Paperback
$27.70
Meister Der Optionenhandel: GAMMA-SCALPING: Systematisches Delta-Hedging für Volatilitätsarbitrage
Pelz, Tony
Paperback
$23.94
NEGOCIAÇÃO DO MINI DÓLAR (B3/Mini Ibovespa): WDO, COPOM e Estratégias Macroeconômicas
Pelz, Tony
Paperback
$24.00
Options Trading Jungle Guide: Guide to Options + Stock Strategies That Produce Alpha
Pelz, Tony
Paperback
$21.59
Optionshandel Dschungel-Leitfaden: Leitfaden für Options- und Aktienstrategien, die Alpha Erzeugen
Pelz, Tony
Paperback
$25.19
THETA HARVESTING (Serie MASTER OPTION TRADER): Strategie di trading di opzioni professionali
Pelz, Tony
Paperback
$27.53
Venda de Prêmio (Série Master Option Trader): Estratégias Sistemáticas de Venda de Prêmio em Opções
Pelz, Tony
Paperback
$23.94
POSIZIONAMENTO VEGA (Serie MASTER OPTION TRADER): Operare sulla direzione della volatilità implicita
Pelz, Tony
Paperback
$27.56
Posicionamento Vega (Master Option Trader Series): Negociando a Direção da Volatilidade Implícita
Pelz, Tony
Paperback
$23.94
Vega-Positionierung (Master Option Trader): Handel mit der Richtung der impliziten Volatilität
Pelz, Tony
Paperback
$27.56
The Macro Event Trader: Episode 3 - GEOPOLITICALUS: CURRENCY INTERVENTION & CRISIS
Pelz, Tony
Paperback
$39.54
Super Macro Event Trader: Episode 2 - The Central Bankster: Central Bank Pivot Trades
Pelz, Tony
Paperback
$45.54
Butterflies, Strangles and The Wings: MASTER FX OPTIONS OTC Currency Options and the Carry Trade BOOK 4
Pelz, Tony
Paperback
$23.94
Die Fx-Volatilitäts- Oberfläche: MASTER FX-OPTIONS OTC-Devisenoptionen und der Carry Trade BUCH 1
Pelz, Tony
Paperback
$27.74
La Superficie di Volatilità FX: Master Fx Options Opzioni Su Valute OTC E Carry Trade Libro 1
Pelz, Tony
Paperback
$27.74
Also in
Investing & Finance
How to Invest $50-$5,000: The Small Investor's Step-By-Step Plan for Low-Risk Investing in Today's Economy
Dunnan, Nancy
Paperback
$18.99
Planet Money: A Guide to the Economic Forces That Shape Your Life
Mayyasi, Alex
Hosts of Npr's Planet Money
Hardcover
$26.99
Money Unlocked: How to Make It, Keep It and Multiply It: The New York Times Bestseller
Lee, John
Paperback
$18.04
The Millionaire Next Door: The Surprising Secrets of America's Wealthy
Stanley, Thomas J., PH. D.
Danko, William D., PH. D.
Paperback
From $11.99
I Will Teach You to Be Rich: No Guilt. No Excuses. Just a 6-Week Program That Works (Second Edition)
Sethi, Ramit
Paperback
From $11.99
Poor Charlie's Almanack: The Essential Wit and Wisdom of Charles T. Munger
Munger, Charles T.
Hardcover
$28.50
J.K. Lasser's Your Income Tax 2026: For Preparing Your 2025 Tax Return
J K Lasser Institute
Paperback
$25.60
J.K. Lasser's Your Income Tax 2027: For Preparing Your 2026 Tax Return
J K Lasser Institute
Paperback
$25.65
How to Invest in Gold and Silver: A Complete Guide with a Focus on Mining Stocks
Durrett, Don
Paperback
$22.75
Market Wizards: The Next Generation: The World's Top Young Traders Reveal How They Beat the Market
Schwager, Jack D.
Coyle, George F.
Hardcover
$33.25
The Price of Democracy: The Revolutionary Power of Taxation in American History
Williamson, Vanessa S.
Hardcover
$30.40
The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns
Bogle, John C.
Hardcover
From $14.99
The Making of a Permabear: The Perils of Long-Term Investing in a Short-Term World
Grantham, Jeremy
Hardcover
$28.50
La Psicología del Dinero: 18 Claves Imperecederas Sobre Riqueza Y Felicidad / The Psychology of Money
Housel, Morgan
Paperback
$16.10
The Compounders: From Small Acquisitions to Giant Shareholder Returns
Dybvad, Oddbjørn
Nyland, Kjetil
Hadziefendic, Adnan
Paperback
$28.49
A Beginner's Guide to the Stock Market: Everything You Need to Start Making Money Today
Kratter, Matthew R.
Paperback
$8.39
The Intelligent Investor Third Edition: The Definitive Book on Value Investing
Zweig, Jason
Graham, Benjamin
Paperback
$24.69
How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition
O'Neil, William J.
Paperback
$22.80
Trading: Technical Analysis Masterclass: Master the financial markets
Czubatinski, Moritz
Schlotmann, Rolf
Paperback
$9.07
The Age of Surveillance Capitalism: The Fight for a Human Future at the New Frontier of Power
Zuboff, Shoshana
Paperback
$23.74
The World for Sale: Money, Power, and the Traders Who Barter the Earth's Resources
Blas, Javier
Farchy, Jack
Paperback
$17.98
The Investor's Odyssey: Resisting the Sirens and Playing the Long Game
Mayer, Christopher W.
Hardcover
$23.70
The Coffee Can Investor: A Stock-Picker's Journey to Build Generational Wealth
Khemlani, Neeraj
Hardcover
$26.55
El Inversor Inteligente: Un Libro de Asesoramiento Práctico = The Intelligent Investor
Graham, Benjamin
Paperback
$22.79
Retirement Planning Guidebook: Navigating the Important Decisions for Retirement Success
Pfau, Wade
Paperback
$23.75
The Intelligent Investor, 3rd Ed.: The Definitive Book on Value Investing
Graham, Benjamin
Zweig, Jason
Hardcover
$35.63
Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes
Wheelwright, Tom
Paperback
$23.70
The Black Swan: Second Edition: The Impact of the Highly Improbable: With a New Section: On Robustness and Fragility
Taleb, Nassim Nicholas
Paperback
From $11.99
One Up on Wall Street: How to Use What You Already Know to Make Money in the Market
Lynch, Peter
Paperback
$18.05
HBR Guide to Buying a Small Business: Think Big, Buy Small, Own Your Own Company
Ruback, Richard S.
Yudkoff, Royce
Paperback
From $10.99
A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation
Nations, Scott
Paperback
$18.04
The Rules That Make Us: How Culture Shapes the Way We Act, Think, Believe, and Buy
Sweet, Oliver
Hardcover
$27.00
Broken Money: Why Our Financial System is Failing Us and How We Can Make it Better
Alden, Lyn
Paperback
$22.79
The Customer Service Survival Kit: What to Say to Defuse Even the Worst Customer Situations
Gallagher, Richard
Paperback
$18.99
Quality Investing: Owning the Best Companies for the Long Term
Eide, Torkell T.
Hargreaves, Patrick
Cunningham, Lawrence a.
Hardcover
$65.99
Your Retirement Sketchbook: 125 Retirement Planning Lessons from Financial Experts
Treichel, Bonnie
Hopkins, Jamie P.
Paperback
$18.99
Friends That Invest: Your Guide to Financial Independence Through Shares and Stocks
Kaur, Simran
Paperback
$20.85
Understanding Living Trusts(R): How You Can Avoid Probate, Keep Control, Save Taxes, and Enjoy Peace of Mind
Schumacher, Vickie
Paperback
$28.45
Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
Michalowicz, Mike
Hardcover
$28.50
Poor Charlie's Almanack: The Essential Wit and Wisdom of Charles T. Munger
Munger, Charles T.
Paperback
$17.10
Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude
Douglas, Mark
Hardcover
$61.75
Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean
Berman, Karen
Knight, Joe
Hardcover
$33.25
The Winner's Curse: Behavioral Economics Anomalies, Then and Now
Imas, Alex
Thaler, Richard H.
Hardcover
$28.50
J.K. Lasser's 1001 Deductions and Tax Breaks 2026: Your Complete Guide to Everything Deductible
Weltman, Barbara
Paperback
$23.75
The New Money Strategy: The Modern Guide to Rational, Long-Term Investing
Van Der Kolk, Brandon
Hardcover
$26.60
The Complete Turtletrader: How 23 Novice Investors Became Overnight Millionaires
Covel, Michael W.
Paperback
$19.95
Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life
Sutherland, Rory
Paperback
$18.99
Predictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions
Ariely, Dan
Paperback
From $10.99
Hide Your Assets and Disappear: A Step-By-Step Guide to Vanishing Without a Trace
Pankau, Edmund
Paperback
$18.99
The Millionaire Next Door: The Surprising Secrets of America's Wealthy
Danko, William D.
Stanley, Thomas J.
Hardcover
$21.80
Money to Burn: The Unvarnished Truth about Leon Black, Apollo, and the Rise of a New Wall Street
Cohan, William D.
Hardcover
$38.00
Rich Family Smart Family: Raise Your Family's Financial IQ and Take Control of Your Future
Kiyosaki, Robert
Paperback
$21.80
Anti-Fascist Economics: In Defense of Affordability, Dignity, and Democracy
Weber, Isabella
Hardcover
$30.40
Small Time Operator: How to Start Your Own Business, Keep Your Books, Pay Your Taxes, and Stay Out of Trouble
Kamoroff, Bernard B.
Paperback
$22.95
Payments Systems in the U.S.: A Guide for the Payments Professional
Jones, Russ
Loftesness, Scott
Benson, Carol Coye
Paperback
$62.44
Finance Equations & Answers: A Quickstudy Laminated Reference Guide
Florida Institute of Finance
Other
$6.60
Financial Literacy for All: Disrupting Struggle, Advancing Financial Freedom, and Building a New American Middle Class
Bryant, John Hope
Paperback
$17.10
The Million-Dollar Financial Services Practice: A Proven System for Becoming a Top Producer
Mullen Jr, David J.
Paperback
$19.99
The Infographic Guide to Personal Finance: A Visual Reference for Everything You Need to Know
Cagan, Michele
Lariviere, Elisabeth
Paperback
$17.09
Wired on Wall Street: The Rise and Fall of Tipper X, One of the Fbi's Most Prolific Informants
Hardin, Tom
Hardcover
$25.65
El Dinero No Es El Problema, Tú Lo Eres - Money is Not the Problem Spanish
Heer, Dain
Douglas, Gary M.
Paperback
$14.25
The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor
Marks, Howard
Hardcover
$28.45
Investing 101: From Stocks and Bonds to Etfs and Ipos, an Essential Primer on Building a Profitable Portfolio
Cagan, Michele
Hardcover
$16.14
Our Dollar, Your Problem: An Insider's View of Seven Turbulent Decades of Global Finance, and the Road Ahead
Rogoff, Kenneth
Paperback
$19.00
SEVENTEEN TO MILLIONAIRE You're Seventeen. You're Canadian. You wanna be rich. Let's do this.
Price, Douglas
Paperback
$24.64
Stop Making Stupid Investments: 7 Rules to Avoid the Hype and Build Real Wealth
Leiter, David
Hardcover
$26.60
Sideways: Using the Power of Technical Analysis to Profit in Uncertain Times
Richards, Keith G.
Paperback
$17.09
Trade Like a Stock Market Wizard: How to Achieve Superperformance in Stocks in Any Market
Minervini, Mark
Hardcover
$30.40
Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud: The Basis for the Documentary Everyone Is Lying to You for Money
McKenzie, Ben
Silverman, Jacob
Paperback
$19.00
No Loose Ends: The Smart & Slightly Morbid Guide to Estate Planning & End-Of-Life Tasks
Zuckerman, Adam
Hardcover
$33.25
The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism
Mattei, Clara E.
Paperback
$21.38
Best Loser Wins: Why Normal Thinking Never Wins the Trading Game - Written by a High-Stake Day Trader
Hougaard, Tom
Paperback
$31.34
J.K. Lasser's Small Business Taxes 2026: Your Complete Guide to a Better Bottom Line
Weltman, Barbara
Paperback
$23.75
Como Gane $2,000,000 En La Bolsa / How I Made $2,000,000 in the Stock Market
Darvas, Nicolas
Paperback
$18.99
The Mental Game of Trading: A System for Solving Problems with Greed, Fear, Anger, Confidence, and Discipline
Tendler, Jared
Paperback
$37.95
The Tax and Legal Playbook: Game-Changing Solutions to Your Small Business Questions
Kohler, Mark
Paperback
$21.84
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
Taleb, Nassim Nicholas
Paperback
From $10.99
Fixed: Why Personal Finance Is Broken and How to Make It Work for Everyone
Campbell, John Y.
Ramadorai, Tarun
Hardcover
$28.45
The Book on Rental Property Investing: How to Create Wealth with Intelligent Buy and Hold Real Estate Investing
Turner, Brandon
Paperback
$25.64
Mastering Private Equity: Transformation Via Venture Capital, Minority Investments and Buyouts
Zeisberger, Claudia
White, Bowen
Prahl, Michael
Hardcover
$106.50
The World for Sale: Money, Power, and the Traders Who Barter the Earth's Resources
Blas, Javier
Farchy, Jack
Hardcover
$34.19
Money and Me: How to Make Your Finances Work Harder for You and Your Family
Clements, Jonathan
Paperback
$17.99
Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies
Bhatia, Nik
Paperback
$18.04
Maximize Your Retirement: The Only Book You'll Ever Need to Retire Prosperous and Worry-Free
Oh, Jae
Paperback
$18.99
Elliott Wave - Fibonacci High Probability Trading: Master The Wave Principle and Market Timing With Proven Strategies
Sanders, Jarrod
Paperback
$14.24
A Richer Retirement: Supercharging the 4% Rule to Spend More and Enjoy More
Bengen, William P.
Hardcover
$23.75
How Not to Invest: The Ideas, Numbers, and Behaviors That Destroy Wealth--And How to Avoid Them
Ritholtz, Barry
Hardcover
$31.34
Our Dollar, Your Problem: An Insider's View of Seven Turbulent Decades of Global Finance, and the Road Ahead
Rogoff, Kenneth
Hardcover
$42.00
Covered Calls for Beginners: A Risk-Free Way to Collect "Rental Income" Every Single Month on Stocks You Already Own
Publications, Freeman
Paperback
$17.05
You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits
Greenblatt, Joel
Paperback
$20.90
The Accounting Game: Basic Accounting Fresh from the Lemonade Stand
Mullis, Darrell
Orloff, Judith
Paperback
$18.95
Masters of the Universe: Winning Strategies of America's Greatest Dealmakers
Kadlec, Daniel J.
Paperback
$16.99
Your Perfect Portfolio: The Ultimate Guide to Using the World's Most Powerful Investing Strategies
Roche, Cullen
Paperback
$25.64
Beyond the Grave, Revised and Updated Edition: The Right Way and the Wrong Way of Leaving Money to Your Children (and Others)
Condon, Jeffery L.
Paperback
$21.84
The Trauma of Money: Mapping Compassionate Pathways to Healing Financial Trauma and Disempowering Financial Shame
Chapman, Chantel
Hardcover
$26.60