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Click Here for a detailed explanation of the differences between the 4th and 5th editions Part I - Options The Probability of Stock Price Movement Expected Return Elementary Definitions Factors Influencing the Price of an Option Volatility Predictions Can Be Wrong Trading the Volatility Prediction Trading the Volatility Skew Volatility Trading Summary Chapter 40 - Advanced Concepts Historical and Implied Volatility The "Greeks" Importance of Covered Call Writing Covered Writing Philosophy The Total Return Concept of Covered Writing Computing Return on Investment Execution of the Covered Write Order Selecting a Options Trading Strategies: Directional Signals Using VIX Futures Information Using and Trading the Term Structure Protecting a Stock Portfolio With Volatility Derivatives Other Macro Strategies Hedged Binary options signals 2015 Using Volatility Derivatives Ratio Spreads With VIX Options Volatility. 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