Sergey Izraylevich, Ph.D., chairman of High Technology Invest Inc., has traded options for over 10 yrs, and now creates automated systems for algorithmic options trading. Formerly a lecturer at Hebrew Univ. of Jerusalem, he received the Golda Meir Prize for academic excellence. Vadim Tsudikman, president of High Technology Invest Inc., specializes in derivatives valuation, hedging, and capital allocation in extreme markets. He develops complex trading systems based on multi-criteria analysis and genetic optimization algorithms. The authors recently co-wrote several articles for Futures Magazine on options pricing, volatility, and risk.