Volatility : Practical Options Theory

Adam S Iqbal

ISBN 10: 111950161X / ISBN 13: 9781119501619

Editore: Wiley Okt 2018, 2018

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Neuware - Gain a deep, intuitive and technical understanding of practical options theoryThe main challenges in successful options trading are conceptual, not mathematical. Volatility: Practical Options Theory provides financial professionals, academics, students and others with an intuitive as well as technical understanding of both the basic and advanced ideas in options theory to a level that facilitates practical options trading. The approach taken in this book will prove particularly valuable to options traders and other practitioners tasked with making pricing and risk management decisions in an environment where time constraints mean that simplicity and intuition are of greater value than mathematical formalism.The most important areas of options theory, namely implied volatility, delta hedging, time value and the so-called options greeks are explored based on intuitive economic arguments alone before turning to formal models such as the seminal Black-Scholes-Merton model. The reader will understand how the model free approach and mathematical models are related to each other, their underlying theoretical assumptions and their implications to level that facilitates practical implementation.There are several excellent mathematical descriptions of options theory, but few focus on a translational approach to convert the theory into practice. This book emphasizes the translational aspect, while first building an intuitive, technical understanding that allows market makers, portfolio managers, investment managers, risk managers, and other traders to work more effectively within--and beyond--the bounds of everyday practice.\* Gain a deeper understanding of the assumptions underlying options theory\* Translate theoretical ideas into practice\* Develop a more accurate intuition for better time-constrained decision makingThis book allows its readers to gain more than a superficial understanding of the mechanisms at work in options markets. Volatility gives its readers the edge by providing a true bedrock foundation upon which practical knowledge becomes stronger.

Codice articolo 9781119501619

Dati bibliografici

• Titolo: Volatility : Practical Options Theory
• Editore: Wiley Okt 2018
• Data di pubblicazione: 2018
• Lingua: Inglese
• ISBN 10: 111950161X
• ISBN 13: 9781119501619
• Rilegatura: Buch
• Condizione: Neu
• Dimensioni: 235 L x 157 A x 16 P (millimetri) 235 millimetri di larghezza per 157 millimetri di altezza per 16 millimetri di profondità
• Peso: 461 grammi

Descrizione articolo

Riassunto

Gain a deep, intuitive and technical understanding of practical options theory

The main challenges in successful options trading are conceptual, not mathematical.  Volatility: Practical Options Theory provides financial professionals, academics, students and others with an intuitive as well as technical understanding of both the basic and advanced ideas in options theory to a level that facilitates practical options trading.  The approach taken in this book will prove particularly valuable to options traders and other practitioners tasked with making pricing and risk management decisions in an environment where time constraints mean that simplicity and intuition are of greater value than mathematical formalism.

The most important areas of options theory, namely implied volatility, delta hedging, time value and the so-called options greeks are explored based on intuitive economic arguments alone before turning to formal models such as the seminal Black-Scholes-Merton model.  The reader will understand how the model free approach and mathematical models are related to each other, their underlying theoretical assumptions and their implications to level that facilitates practical implementation.

There are several excellent mathematical descriptions of options theory, but few focus on a translational approach to convert the theory into practice. This book emphasizes the translational aspect, while first building an intuitive, technical understanding that allows market makers, portfolio managers, investment managers, risk managers, and other traders to work more effectively within—and beyond—the bounds of everyday practice.

• Gain a deeper understanding of the assumptions underlying options theory
• Translate theoretical ideas into practice
• Develop a more accurate intuition for better time-constrained decision making

This book allows its readers to gain more than a superficial understanding of the mechanisms at work in options markets. Volatility gives its readers the edge by providing a true bedrock foundation upon which practical knowledge becomes stronger.

Informazioni sull?autore

ADAM S. IQBAL is a Managing Director and Global Head of FX Exotics and Correlation at Goldman Sachs, where he has also served as EMEA Head of G10 FX Options Trading. He has worked as an FX Volatility Portfolio Manager at Pimco, and as an FX options trader at Barclays Investment Bank. He holds a PhD in financial mathematics and financial economics from Imperial College London, an MSc in applied mathematics from Oxford University and an MSci and BA in theoretical physics from Cambridge University.