Download Book ´ Dynamic Hedging Managing Vanilla and Exotic Options Wiley Finance ↠ 528 pages

Epub Dynamic Hedging Managing Vanilla and Exotic Options Wiley Finance

Download Book ´ Dynamic Hedging Managing Vanilla and Exotic Options Wiley Finance ↠ 528 pages ¼ ➮ [Read] ➪ Dynamic Hedging Managing Vanilla and Exotic Options Wiley Finance By Nassim Nicholas Taleb ➺ – Eyltransferservices.co.uk Destined to become aDestined to become a market classic Dynamic Hedging is the only practical reference in exotic options hedgingand arbitrage for professional traders and money managers Watch the professionals From central banks to brokerages to multinationals institutional investors are flocking to a new generation of exotic and complex options contracts and derivatives But the promise of ever larger profits also creates the potential for catastrophic trading losses Now than ever the key to trading d 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 I really enjoyed which are hugely important in practice that you don't learn in any classroom soft American options discrete delta vs continuous delta fungibility Just a warning that you might have to read over sections multiple times before you digest ideas For example for american options you can tend to think of the early exercise having some sensitivity to interest rates as rates go higher it becomes optimal to exercise puts and less optimal to exercise calls so in some circumstances the early exercise provision of american option is actually an option on rates Also every mathematician teaches delta as a continuous derivative doption valuedspot but really what's important is to the know the delta at discrete intervals since no one hedges continuously and also since in a real options book the greek sensitivities might flip or go through extreme changes over discrete intervals Just some great material which makes you think hardThe structure of the book jumps over the place but mainly Taleb is focused on options volatility and exotics So not exactly a good book on vanilla rates or commodities for exampleThis text is certainly one I keep as a reference guide on my desk As a sign of its value everytime I read it I do learn something new I rated it highly based solely on the excellent and juicy material but the writing style is really horrible Not for beginners but a great read for anyone interested in the deep details of trading derivatives

Nassim Nicholas Taleb é Dynamic Hedging Managing Vanilla and Exotic Options Wiley Finance Epub

Erivatives lies in implementing preventive risk management techniues that plan for and avoid these appalling downturns Unlike other books that offer risk management for corporate treasurers Dynamic Hedging targets the real world needs of professional traders and money managers 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 po Nassim in action one can't go wrong

Ebook ñ Dynamic Hedging Managing Vanilla and Exotic Options Wiley Finance é Nassim Nicholas Taleb

Dynamic Hedging Managing Vanilla and Exotic Options Wiley FinanceRtfolio management 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 He has held a variety of senior derivative trading positions in New York and London and worked as an independent floor trader in Chicago Dr Taleb was inducted in February 2001 in the Derivatives Strategy Hall of Fame He received an MBA from the Wharton School and a PhD from University Paris Dauphin A bit challenging for a newbie yet a must read to understand options