The Handbook of Exotic Options PDF Download
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Author: Israel Nelken
Publisher: McGraw Hill Professional
ISBN: 9781557389046
Category : Business & Economics
Languages : en
Pages : 392
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Book Description
Edited by one of the foremost experts in the field of exotic options, this handbook explains the theoretical foundations, structures, and applications of these exciting new instruments. It provides an in-depth explanation of the latest uses of exotic options by institutional investors and corporate treasurers, as well as the latest thinking on advanced topics.
Author: Israel Nelken
Publisher: McGraw Hill Professional
ISBN: 9781557389046
Category : Business & Economics
Languages : en
Pages : 392
Get Book Here
Book Description
Edited by one of the foremost experts in the field of exotic options, this handbook explains the theoretical foundations, structures, and applications of these exciting new instruments. It provides an in-depth explanation of the latest uses of exotic options by institutional investors and corporate treasurers, as well as the latest thinking on advanced topics.
Author: Frans de Weert
Publisher: John Wiley & Sons
ISBN: 1119995183
Category : Business & Economics
Languages : en
Pages : 255
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Book Description
Written by an experienced trader and consultant, Frans de Weert’s Exotic Options Trading offers a risk-focused approach to the pricing of exotic options. By giving readers the necessary tools to understand exotic options, this book serves as a manual to equip the reader with the skills to price and risk manage the most common and the most complex exotic options. De Weert begins by explaining the risks associated with trading an exotic option before dissecting these risks through a detailed analysis of the actual economics and Greeks rather than solely stating the mathematical formulae. The book limits the use of mathematics to explain exotic options from an economic and risk perspective by means of real life examples leading to a practical interpretation of the mathematical pricing formulae. The book covers conventional options, digital options, barrier options, cliquets, quanto options, outperformance options and variance swaps, and explains difficult concepts in simple terms, with a practical approach that gives the reader a full understanding of every aspect of each exotic option. The book also discusses structured notes with exotic options embedded in them, such as reverse convertibles, callable and puttable reverse convertibles and autocallables and shows the rationale behind these structures and their associated risks. For each exotic option, the author makes clear why there is an investor demand; explains where the risks lie and how this affects the actual pricing; shows how best to hedge any vega or gamma exposure embedded in the exotic option and discusses the skew exposure. By explaining the practical implications for every exotic option and how it affects the price, in addition to the necessary mathematical derivations and tools for pricing exotic options, Exotic Options Trading removes the mystique surrounding exotic options in order to give the reader a full understanding of every aspect of each exotic option, creating a useable tool for dealing with exotic options in practice. “Although exotic options are not a new subject in finance, the coverage traditionally afforded by many texts is either too high level or overly mathematical. De Weert's exceptional text fills this gap superbly. It is a rigorous treatment of a number of exotic structures and includes numerous examples to clearly illustrate the principles. What makes this book unique is that it manages to strike a fantastic balance between the theory and actual trading practice. Although it may be something of an overused phrase to describe this book as compulsory reading, I can assure any reader they will not be disappointed.” —Neil Schofield, Training Consultant and author of Commodity Derivatives: Markets and Applications “Exotic Options Trading does an excellent job in providing a succinct and exhaustive overview of exotic options. The real edge of this book is that it explains exotic options from a risk and economical perspective and provides a clear link to the actual profit and pricing formulae. In short, a must read for anyone who wants to get deep insights into exotic options and start trading them profitably.” —Arturo Bignardi
Author: Harry M. Kat
Publisher: Wiley
ISBN: 9780471486527
Category : Business & Economics
Languages : en
Pages : 390
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Book Description
Although the pricing and hedging of derivatives contracts has been the subject of a large number of books, hardly any books exist on the actual design of derivatives contracts. Structured Equity Derivatives fills this gap in a remarkable way. The book introduces an approach to the structuring and practical application of derivatives that allows the reader to create his own derivatives solutions to an endless variety of problems. The approach is extremely natural - the only limit is the reader's own creativity. Since it clearly explains the reasons why derivatives exist and why there is such a large variety, this is the book that should be read before picking up any other book on the pricing and hedging of derivatives. As the book concentrates on product design instead of pricing, there are no complex pricing formulas or numerical procedures. The emphasis is on intuition and common sense rather than complex formal results, which makes the book accessible to people from many different backgrounds.
Author: Sofien Kaabar
Publisher:
ISBN: 9781091345379
Category : Business & Economics
Languages : en
Pages : 200
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Book Description
What is this book all about?You can think of the book as a small encyclopedia of well-sorted trading strategies and ideas that are not very well-known or addressed to the public. The strategies are presented in an easy and clear way so as to make the reader curious about testing them.What am I going to gain?You will gain exposure to many new techniques, strategies, pitfalls, concepts, and conclusions of many types of analyses which will change the way you think about trading and you will find yourself busy experimenting and choosing the strategy that suits you the best. How is it organized?The order of chapters is not important, although reading the introductory chapters of each part is helpful. The book is divided into three parts; technical analysis, sentiment analysis, and machine learning. The reader, depending on her preferences may decide to begin reading at any point in the book.What is the bias of this book?This book is neutral. It does not favor any type of analysis over the others and believes in the usefulness of them all. Not only that, but we encourage using a mix of strategies to create a strong and healthy trading system.What level of knowledge do I need to follow this book?Although a basic or a good understanding of trading and the economy is considered very helpful, it is not absolutely necessary, as every part will begin by an introduction to what we will be discussing and to the basics of the field. Also, the last chapter includes an introduction to fundamental measures that will help refresh any knowledge about the economy.How is this book written?The language used is very friendly and will not feature any complex mathematical formulas. Intuition and understanding are the main focus and many chapters are not very quantitative, therefore, no troubles should be encountered while reading through the chapters. Some statistical formulas may be presented but in a straight-forward way.What about the trading results presented in some chapters?All back-testing results have been conducted on out-of-sample data exclusively. They are presented as gross returns unless instructed otherwise. The reader is encouraged to experiment with them, as the field of data and analysis is immense and countless ways of strategizing exist.What will I need to be able to replicate and use these strategies?For the technical strategies, you will only need a trading software that has the basic packages. For the sentiment strategies, you will most likely be using a spreadsheet. As for the machine learning topics, you might need to install a Python interpreter in order to enjoy the full experience.
Author: Jack Clark Francis
Publisher: John Wiley & Sons
ISBN: 9780471326038
Category : Business & Economics
Languages : en
Pages : 742
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Book Description
Aktienderivate gehören zu den populärsten Derivatprodukten, die von institutionellen Anlegern gehandelt werden. Ein Aktienderivat ist ein Future oder eine Option auf Aktien oder Aktienindices. Zu den traditionellen Aktienderivaten gehören Optionsscheine, Optionen, Futures und Aktienindexfutures. Das "Handbook of Equity" ist eine vollständige und umfassende Überarbeitung des ersten und einzigen Buches zu diesem Thema. Herausgegeben von führenden Köpfen der Branche - darunter Nobelpreisträger Fischer Black, John Braddock und Mark Rubenstein - enthält es wichtige neue Informationen zu Aktienindexfutures und -optionen und erweitert die mathematische Diskussion um das Black & Scholes-Modell. (11/99)
Author: Espen Gaarder Haug
Publisher: Professional Finance & Investment
ISBN:
Category : Business & Economics
Languages : en
Pages : 586
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Book Description
Accompanying CD-ROM contains ... "all pricing formulas, with VBA code and ready-to-use Excel spreadsheets and 3D charts for Greeks (or Option Sensitivities)."--Jacket.
Author: Sebastien Bossu
Publisher: John Wiley & Sons
ISBN: 1118750969
Category : Business & Economics
Languages : en
Pages : 180
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Book Description
In Advanced Equity Derivatives: Volatility and Correlation, Sébastien Bossu reviews and explains the advanced concepts used for pricing and hedging equity exotic derivatives. Designed for financial modelers, option traders and sophisticated investors, the content covers the most important theoretical and practical extensions of the Black-Scholes model. Each chapter includes numerous illustrations and a short selection of problems, covering key topics such as implied volatility surface models, pricing with implied distributions, local volatility models, volatility derivatives, correlation measures, correlation trading, local correlation models and stochastic correlation. The author has a dual professional and academic background, making Advanced Equity Derivatives: Volatility and Correlation the perfect reference for quantitative researchers and mathematically savvy finance professionals looking to acquire an in-depth understanding of equity exotic derivatives pricing and hedging.
Author: Les Clewlow
Publisher: Cengage Learning EMEA
ISBN: 9781861523211
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
The over-the-counter market in exotic options continues to expand both in volume and complexity. This book brings together leading international experts in an authoritative, practical and up-to-date guide to the valuation and hedging of standard exotic options. It is the first to explore each type of option in detail and will be the definitive handbook for all those who need clearer practical understanding of these sophisticated instruments. Despite this, comprehensive sources of information on exotic options are very sparse. As far as pricing is concerned, there are a few methods for some of the very simplest exotics published in the academic literature and a few more in the trade journal. In this book we present a collection of papers written by practitioners and academics working in the area which will provide a comprehensive source identifying the uses of exotic options from a risk management perspective, and how they can be practically priced and hedged.
Author: Allen Jan Baird
Publisher: John Wiley & Sons
ISBN: 9780471578321
Category : Business & Economics
Languages : en
Pages : 226
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Book Description
Approaches trading from the viewpoint of market makers and the part they play in pricing, valuing and placing positions. Covers option volatility and pricing, risk analysis, spreads, strategies and tactics for the options trader, focusing on how to work successfully with market makers. Features a special section on synthetic options and the role of synthetic options market making (a role of increasing importance on the trading floor). Contains numerous graphs, charts and tables.
Author: Andrew Keene
Publisher: John Wiley & Sons
ISBN: 1118590767
Category : Business & Economics
Languages : en
Pages : 260
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Book Description
A leading expert unveils his unique methodology for options trading Options provide a high leverage approach to trading that can significantly limit the overall risk of a trade or provide additional income. Yet, many people fail to capitalize on this potentially lucrative opportunity because they mistakenly believe that options are risky. Now options expert Andrew Keene helps aspiring investors to enter this sector by explaining the principles of the options market and showing readers how to utilize calls and puts successfully. Leading options expert Andrew Keene demystifies the basics of options trading Debunks the myth that call purchases are synonymous with being bullish and that put purchases are bearish Lays out in detail two distinct proprietary trading plans readers can follow Explains how to trade using market maker techniques and tricks from the trading floor to help with his probabilities in options trading Andrew Keene is best known for reading unusual options activity and seeing what others don't. Now he shares what he knows in a book that opens the opportunities of options trading to any investor.
