Dynamic Hedging: Managing Vanilla and Exotic Options
| Author | : | |
| Rating | : | 4.69 (613 Votes) |
| Asin | : | 0471152803 |
| Format Type | : | paperback |
| Number of Pages | : | 528 Pages |
| Publish Date | : | 2015-02-18 |
| Language | : | English |
DESCRIPTION:
From the Publisher Written by a leading options trader and derivatives risk advisor to global banks and exchanges, this book provides a practical, real-world methodology for monitoring and managing all the risks associated with portfolio management. Fills a big gap in investment literature--the only book to share complex options trading strategies and advanced risk management methods with trading professionals.
It is instrumental for both beginning and experienced traders."-"A tour de force. Interesting, provocative, well written. That rare find, a book of great practical and theoretical value. Dynamic Hedging is the definitive source on derivatives risk. Each chapter worth a fortune to any current or prospective derivatives trader."-Victor Niederhoffer, Chairman, Niederhoffer Investments. It presents risks from the vantage point of the option market maker and arbitrage operator. As a larger share of market exposure cannot be properly captured by mathematical models, noted option arbitrageur Nassim Taleb uniquely covers both on-model and off-model derivatives risks. Taleb successfully bridges the gap between the academic and the real world. The author discusses, in plain English, vital issues, including:The generalized option, which encompasses all instruments with convex payoff, including a trader's potential bonus.The techniques for trading exotic options, including b
He has held a variety of senior derivative trading positions in New York and London and worked as an independent floor trader in Chicago. He received an MBA from the Wharton School and a Ph.D. from University Paris-Dauphine. . Nassim Nicholas Taleb is the founder of Empirica Capital LLC, a hedge fund operator, and a fellow at the Courant Institute of Mathematical Sciences of New York University. Taleb was inducted in February 2001 in the Derivati
bailey_nyc said Advanced Text on Derivatives Trading. Taleb is one arrogant dude who loves flooding his books with archaic words which were last employed in the English Language by Geoffrey Chauncer. But alas, Dynamic Hedging is a strong advanced text which goes through many nuanced topics. For example, he makes some good points on managing option greeks. Some chapters. Filled with gems for those who are willing to work to find them Charles O Grigsby Not a page turner. This is one of those books that requires the reader to work hard for the gems hidden within, but it is Taleb who has done the really hard work of organizing information in a way that makes the gems accessible to the reader in the first place. This book is more about exploring and explaining effect. great book even with some errors DealHunter Most practical option book in the market. Not on single position, but on managing large trading books.