Trading in Options on Futures (ISBN 0136385524)

errors, errors, errors:
This book is clearly written and thorough. I would have given it at least 4 stars, except for one thing: it has more errors than any book I've ever read (and I've read thousands). It has sentences that make no sense or that you have to interpret because words or phrases are misplaced or jumbled. It has math misprints and math errors all throughout. You would not notice many of the math errors unless you worked through the equations and examples in the book. Otherwise, this book is good enough that is should be updated and rewritten.

Trading in Options on Futures:
There are lots of books on options but this book stands out above all the rest. It is clearly written with lots of practicle examples. It also is one of the only option books which shows how market makers make markers. Also, risk managers would be interested in the portfolio analysis section. This is a great book for option traders.