Exotic Options Trading

Exotic Options Trading PDF
Author: Frans de Weert
Publisher: John Wiley & Sons
ISBN: 9781119995180
Size: 73.20 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 212
View: 349

Get Book

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

Pricing Hedging And Trading Exotic Options

Pricing  Hedging  and Trading Exotic Options PDF
Author: Israel Nelken
Publisher: Irwin Professional Publishing
ISBN:
Size: 65.55 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 310
View: 6728

Get Book

"In describing the major types of exotic options Pricing, Hedging, and Trading Exotic Options also reveals their key applications.

Exotic Options

Exotic Options PDF
Author: Peter G. Zhang
Publisher: World Scientific Publishing Company Incorporated
ISBN: 9789810234829
Size: 48.63 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 692
View: 2344

Get Book

This is the first systematic and extensive book on exotic options. The book covers essentially all popular exotic options currently trading in the Over-the-Counter (OTC) market, from digitals, quantos, spread options, lookback options, Asian options, vanilla barrier options, to various types of exotic barrier options and other options. Each type of exotic options is largely written in a separate chapter, beginning with the basic concepts of the products and then moving on to how to price them in closed-form solutions. Many pricing formulae and analyses which have not previously appeared in the literature are included and illustrated with detailed examples. It will be of great interest to traders, marketers, analysts, risk managers, professors, graduate students, and anyone who is interested in what is going on in the rapidly changing financial market.

Exotic Options And Hybrids

Exotic Options and Hybrids PDF
Author: Mohamed Bouzoubaa
Publisher: John Wiley & Sons
ISBN: 9780470710081
Size: 53.84 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 392
View: 6039

Get Book

The recent financial crisis brought to light many of the misunderstandings and misuses of exotic derivatives. With market participants on both the buy and sell-side having been found guilty of not understanding the products they were dealing with, never before has there been a greater need for clarification and explanation. Exotic Options and Hybrids is a practical guide to structuring, pricing and hedging complex exotic options and hybrid derivatives that will serve readers through the recent crisis, the road to recovery, the next bull market and beyond. Written by experienced practitioners, it focuses on the three main parts of a derivative’s life: the structuring of a product, its pricing and its hedging. Divided into four parts, the book covers a multitude of structures, encompassing many of the most up-to-date and promising products from exotic equity derivatives and structured notes to hybrid derivatives and dynamic strategies. Based on a realistic setting from the heart of the business, inside a derivatives operation, the practical and intuitive discussions of these aspects make these exotic concepts truly accessible. Adoptions of real trades are examined in detail, and all of the numerous examples are carefully selected so as to highlight interesting and significant aspects of the business. The introduction of payoff structures is accompanied by scenario analysis, diagrams and lifelike sample term sheets. Readers learn how to spot where the risks lie to pave the way for sound valuation and hedging of such products. There are also questions and accompanying discussions dispersed in the text, each exploited to illustrate one or more concepts from the context in which they are set. The applications, the strengths and the limitations of various models are highlighted, in relevance to the products and their risks, rather than the model implementations. Models are de-mystified in separately dedicated sections, but their implications are alluded to throughout the book in an intuitive and non-mathematical manner. By discussing exotic options and hybrids in a practical, non-mathematical and highly intuitive setting, this book will blast through the misunderstanding of exotic derivatives, enabling practitioners to fully understand and correctly structure, price and hedge theses products effectively, and stand strong as the only book in its class to make these “exotic” concepts truly accessible.

Exotic Options

Exotic Options PDF
Author: Peter G Zhang
Publisher: World Scientific
ISBN: 9814496146
Size: 75.76 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 724
View: 3166

Get Book

This is the first systematic and extensive book on exotic options. The book covers essentially all popular exotic options currently trading in the Over-the-Counter (OTC) market, from digitals, quantos, spread options, lookback options, Asian options, vanilla barrier options, to various types of exotic barrier options and other options. Each type of exotic options is largely written in a separate chapter, beginning with the basic concepts of the products and then moving on to how to price them in closed-form solutions. Many pricing formulae and analyses which have not previously appeared in the literature are included and illustrated with detailed examples. It will be of great interest to traders, marketers, analysts, risk managers, professors, graduate students, and anyone who is interested in what is going on in the rapidly changing financial market. Contents:From Vanilla Options to Exotic OptionsOption Pricing MethodologyVanilla OptionsAmerican OptionsAsian OptionsApproximating Arithmetic Asian Options with Corresponding Geometric Asian OptionsFlexible Arithmetic Asian OptionsForward-Start OptionsOne-Clique OptionsVanilla Barrier OptionsExotic Barrier OptionsLookback OptionsExchange OptionsOptions Paying the Best/Worst and CashStandard Digital Options and Correlation Digital OptionsQuotient OptionsProduct Options and Foreign Domestic OptionsForeign Equity OptionsEquity-Linked Foreign Exchange OptionsQuanto OptionsRainbow OptionsSpread OptionsSpread Over the RainbowsDual-Strike OptionsOut-Performance OptionsAlternative OptionsBasket OptionsPricing Correlation Options with Uncertain Correlation CoefficientsPackage or Hybrid OptionsNonlinear Payoff OptionsCompound OptionsChooser OptionsContingent Premium OptionsOther Exotic OptionsHedging Exotic OptionsFurther DevelopmentPayoff Functions for Various OptionsTable of Cumulative Function Values of the Standard Normal Distribution Readership: Professionals in the financial industry, interested general readers, and academics. Keywords:Reviews: “He has put together a comprehensive book on exotic option pricing, showing this to be possible without the measure theory twaddle. It takes the reader through the entire spectrum of products in an organized way and provides most necessary formulas as well as the intuition of their derivation … There is no other place where one can find all the pricing tools gathered together, which allows one to price an option without sneezing from the dust of stacks of journal articles … The author does a good job when he limits his role to providing a complete pricing encyclopedia … This is the most complete conventional option pricing book currently available.” Nassim Taleb Derivatives Strategy

Do Exotic Options Offer Any Specific Advantages In Forex Trading

Do Exotic Options Offer Any Specific Advantages in Forex Trading  PDF
Author: Rajveer Rawlin
Publisher: GRIN Verlag
ISBN: 3656067732
Size: 19.65 MB
Format: PDF, Docs
Category :
Languages : en
Pages : 60
View: 2758

Get Book

Master's Thesis from the year 2005 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: -, University Of Wales Institute, Cardiff, language: English, abstract: The foreign exchange market is the worlds largest market with daily turnover exceeding trillions. With non-stop trading opportunities from Monday to Friday one can take advantage of several profitable set ups within the week. This can be done either by analyzing the fundamentals or technicals of underlying currency pairs. Options present one with the added advantage that one's risk is limited to the amount invested. This study looks at the advantages of exotic options as a tool in Forex trading. By taking the buy-sell decision out of the equation these options offer some key advantages over their regular counterparts.

The Handbook Of Exotic Options

The Handbook of Exotic Options PDF
Author: Israel Nelken
Publisher: McGraw Hill Professional
ISBN: 9781557389046
Size: 70.24 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 362
View: 5101

Get Book

The Handbook of Exotic Options is the first book to explain the theoretical foundations, structures, and applications of these exciting new instruments. Edited by Israel Nelken, one of the foremost experts in the field, this handbook 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. Readers will find valuable discussions of: Options theory, volatility, and pricing; The Brownian Motion and the Black Scholes Model; Risk management applications of exotic options.

Einf Hrung In Die Statistik Der Finanzm Rkte

Einf  hrung in die Statistik der Finanzm  rkte PDF
Author: Jürgen Franke
Publisher: Springer-Verlag
ISBN: 3642170498
Size: 20.62 MB
Format: PDF
Category : Business & Economics
Languages : de
Pages : 428
View: 6245

Get Book

Das Buch vermittelt die nötigen mathematischen und statistischen Grundlagen für eine Tätigkeit im Financial Engineering und gibt eine Einführung in die wichtigsten Ideen aus den verschiedensten Bereichen der Finanzmathematik und Finanzstatistik. Die klassische Theorie der Bewertung von Derivaten, die Grundlagen der Finanzzeitreihenanalyse wie auch statistische Aspekte beim Einsatz finanzmathematischer Verfahren, d.h. die Auswahl geeigneter Modelle, werden vorgestellt und ihre Anpassung und Validierung anhand von Daten gegeben. Die 2. Auflage wurde durch folgende Kapitel erweitert: Copulas und Value at Risk, Multivariate GARCH Modelle, Statistik extremer Ereignisse. Die elektronische Version unter http://www.xplore-stat.de/ebooks/ebooks.html bietet die Möglichkeit, alle Tabellen und Grafiken interaktiv zu bearbeiten.

Derivate Und Interne Modelle

Derivate und Interne Modelle PDF
Author: Hans-Peter Deutsch
Publisher: Schäffer-Poeschel
ISBN: 3799267476
Size: 39.41 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : de
Pages : 715
View: 1744

Get Book

Der Klassiker bringt alle modernen Methoden des Risikomanagements und der Preisberechnung von Finanzinstrumenten auf den Punkt - detailliert und mathematisch präzise erläutert. In der Neuauflage: Vollständig neu gestaltetes Layout Aktuelle Themen wie: Mehrkurvenbewertung, Bewertung und Hedging von Kreditrisiken in Derivaten Besonders hilfreich sind die zahlreichen Berechnungsbeispiele, die als Basis für eigene Bewertungs- und Risikomanagementsysteme verwendet werden können.

Options Trading

Options Trading PDF
Author: Warren Richmond
Publisher: E.C. Publishing via PublishDrive
ISBN:
Size: 44.14 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 102
View: 2550

Get Book

Learn Options Trading today to start reaching your Options Trading goals! Do you want to learn the basics of Options trading so that you can achieve success in trading? Do you want to earn some money as an Options trader? Have you ever wondered where you could start from? All the information that is available can seem quite overwhelming, and this might have discouraged you in the past. In this book "Options Trading: Options Trading Strategies" you will learn everything that you need to learn about Options trading and the topics covered are: - Option Trading Strategies explained - Developing a strategic trading plan - Different types of Option Trading strategies - Common mistakes and how to avoid them ... And much, much more! Other Benefits of owning this book: - Actionable steps on applying the different Options Trading Strategies - Different resources to learn from for more information on Options Trading strategies for success PLUS: Bonus Chapter on making better decisions and avoiding mistakes to improve your chances of success in Options Trading This book will change the way you view and practice options trading. If you have been looking for a book to walk you through the fundamental strategies and tools for successful options trading in a clear, concise, and captivating manner, then grab a copy of this book today! Take action today to reach your Options Trading goals. Scroll to the top of the page and select the "Buy now" button.

Magier Der M Rkte

Magier der M  rkte PDF
Author: Jack D. Schwager
Publisher: FinanzBuch Verlag
ISBN: 3862484505
Size: 43.20 MB
Format: PDF
Category : Business & Economics
Languages : de
Pages : 513
View: 6541

Get Book

Jack D. Schwager ist einer der ganz Großen in der internationalen Finanzszene, seine "Magier der Märkte"-Buchreihe gehört weltweit seit Jahren zu den Standardwerken. In Interviews mit den Top-Tradern unserer Zeit zeigt Schwager auf, was diese Menschen so unglaublich erfolgreich macht. Sie alle verwenden zwar unterschiedliche Methoden, aber sie haben nicht nur scheinbar einen Vorteil gegenüber den Mitstreitern. Wie machen sie das? Was ist es, das sie von anderen unterscheidet? Was kann der durchschnittliche Investor daraus lernen? In diesem einmaligen Werk legen sie ihre finanziellen Strategien offen, die sie zu ihrem Erfolg katapultiert haben, aber auch Niederlagen und Verluste werden eingestanden. Ein Muss für jeden Börsianer! Das Wichtigste in Kürze: Ein Klassiker der Investmentliteratur Pflichtlektüre für jeden Anleger Umsetzbare Tipps von Insidern Blicken Sie den Profis über die Schulter

Fx Option Performance

FX Option Performance PDF
Author: Jessica James
Publisher: John Wiley & Sons
ISBN: 1118793285
Size: 62.72 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 264
View: 528

Get Book

Get the little known – yet crucial – facts about FX options Daily turnover in FX options is an estimated U.S. $ 207 billion, but many fundamental facts about this huge and liquid market are generally unknown. FX Option Performance provides the information practitioners need to be more effective in the market, with detailed, specific guidance. This book is a unique and practical guide to option trading, with the courage to report how much these contracts have really made or lost. Breaking free from the typical focus on theories and generalities, this book gets specific – travelling back in history to show exactly how options performed in different markets and thereby helping investors and hedgers alike make more informed decisions. Not overly technical, the rigorous approach remains accessible to anyone with an interest in the area, showing investors where to look for value and helping corporations hedge their FX exposures. FX Option Performance begins with a quick and practical introduction to the FX option market, then provides specific advice toward structures, performance, rate fluctuation, and trading strategies. Examine the historical payoffs to the most popular and liquidly traded options Learn which options are overvalued and which are undervalued Discover surprising, generally unpublished facts about emerging markets Examine systemic option trading strategies to find what works and what doesn't On average, do options result in profit, loss, or breaking even? How can corporations more cost-effectively hedge their exposure to emerging markets? Are cheap out-of-the-money options worth it?

Optionen Futures Und Andere Derivate

Optionen  Futures und andere Derivate PDF
Author: John Hull
Publisher: Pearson Deutschland GmbH
ISBN: 9783827372819
Size: 11.18 MB
Format: PDF, Mobi
Category :
Languages : de
Pages : 990
View: 2652

Get Book

In beeindruckender Weise verbindet der Autor auch in der 7. Auflage seines Lehrbuchs wieder den theoretischen Anspruch des Akademikers mit den praktischen Anforderungen der Bank- und Börsenprofis. Die einzigartige Herangehensweise bei der Darstellung und Bewertung von Derivaten führte dazu, das John Hulls Buch auch als die "Bibel" der Derivate und des Risikomanagements angesehen wird.

Advanced Options Trading

Advanced Options Trading PDF
Author: Robert T. Daigler
Publisher: McGraw Hill Professional
ISBN: 9781557385529
Size: 67.91 MB
Format: PDF, Mobi
Category : Business & Economics
Languages : en
Pages : 324
View: 1563

Get Book

This book thoroughly explains the options markets. Moreover, the work contains several unique features, including computer codes to calculate changes in options properties and a historic evaluation of options strategies and pricing theories. As a result, traders learn what works and what doesn't work. Specific features include: Exotic options; The factors influencing option pricing; Advanced trading strategies such as spreads and straddles; The importance of delta, gamma and theta; Risk management with options.

Options

Options PDF
Author: Simon Vine
Publisher: John Wiley & Sons
ISBN: 1118160967
Size: 62.46 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 400
View: 1823

Get Book