W FINANCIAL ENGINEERING. DINAMIC. HEDGING. MANAGING. VANILLA AND . EXOTIC OPTIONS. Nassim Taleh. Page 2. Page 3. Page 4. Page 5. Page 6. Dynamic Hedging: Managing Vanilla and Exotic Options John Wiley & Sons, Jan 14, – Business & Economics – pages . Wiley finance editions. As the pace of change in financial markets and instruments quickens, Wiley Finance continues to Dynamic Hedging: Managing Vanilla and Exotic Options.
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This is a good book on the subject.
Dynamic Hedging: Managing Vanilla and Exotic Options by Nassim Nicholas Taleb
Market Making and Market Using. Table of Contents Partial table of contents: The generalized option, which encompasses all instruments with convex payoff, including a trader’s potential bonus.
It is an entertaining combination of intuitive explanations, mathematical derivations, and war stories from the trading floor. Just a moment while we sign you in to your Goodreads account. The techniques for trading exotic options, including binary, barrier, multiasset, and Asian options, as well as methods to take into account the wrinkles of actual, non-bellshaped distributions. I suspect it originates from the lack of other books on the subject at the time of its publication.
Essential Methods for Investing Success. He has held a variety of senior derivative trading positions in New York and London and worked exoric an independent floor trader in Chicago. Account Options Sign in.
See Wikipedia for more details. He has held a variety of senior derivative trading positions in New York and London and worked as an independent floor trader in Chicago. But there comes a time where you have to overcome difficulties if you really want to learn. Published January 14th by Wiley first published December 31st So not exactly a good book on vanilla rates or commodities for example. The book contains modules in which thefundamental mathematics of derivatives, such as the Brownianmotion, Ito’s lemma, the numeraire paradox, the Girsanov change ofmeasure, and the Feynman-Kac solution are presented in intuitivepractitioner’s language.
If this sounds familiar, it’s because it is the plot of many a teen movie.
Wendy Yu rated it it was amazing Nov 23, It presents risks from thevantage point of the option market maker and arbitrage operator. My library Help Advanced Book Search. Honestly, the best way to read the book is probably to read the grey boxes and nothing else. The definitive book on options trading and risk management “If pricing is a science and hedging is an art, Taleb is a virtuoso. Wiley- Hedging Finance – pages.
It shows you the actual mechanics of successful trading strategies and systems. Wkley provides a real-world methodology for managing portfolios containing any nonlinear security.
Wilmott plays his own insidious version of this game. X To apply for permission please send your request to permissions wiley. I mean Judas I totally get, and these guys are distasteful and all, but the inner circle? Taleb is the author of a multivolume essay, the Incerto The Black Swan, Fooled by Randomness, Antifragile, and Skin in the Game an investigation of opacity, luck, uncertainty, probability, human error Nassim Nicholas Taleb spent 21 years as a risk taker quantitative trader before becoming a flaneur and researcher in philosophical, mathematical dyhamic mostly practical problems with probability.
Dynamic Hedging is an dynamc and definitive reference for market makers, academics, finance students, risk managers, and regulators. The Volatility Course, Workbook: Nassim Nicholas Taleb spent 21 years as a risk taker quantitative trader before becoming a flaneur and researcher in philosophical, mathematical and mostly practical problems with probability.
Shiv Mady rated it really liked it Aug 12, To see what your friends thought of this book, please sign up. Though I assure you: Trading and Anv Exotic Options. Taleb’s book is one of the best at teaching derivatives concepts by heuristics rather than pedagogy; while the latter is important, the former is This book will be of zero interest to anyone not involved in the securities trading industry and of small interest still to those not involved with derivatives.
In particular the paragraph about the risk manager enquiring about an infinite delta close to the expiration of a bina I read this book when I was still studying. Arbitrage and the Arbitrageurs. Nassim in action — one can’t go wrong. Allow additional time for delivery. The anv thing that is clear is that he believes himself to be above all of them.
From Statistical Physics to Sep 29, Franco Arda rated it it was amazing. Victor rated it really liked it Feb 22, Just a warning Taleb is one arrogant dude who loves flooding his books with archaic words which were last employed in the English Language by Geoffrey Chauncer. This text is certainly one I keep as a reference guide on my desk.
Written to provide professionals and individuals with the most current thinking from the best minds in the industry, it is no wonder that the Wiley Finance series is the first and last stop for financial professionals looking to increase their financial expertise. Fungibility, Convergence, and Stacking.
Feb 25, Dmitri rated it it was ok Recommends wilfy for: His approaches seem sound.
The author discusses, in plain English, vital issues, including: Compound, Choosers, and Higher Order Options.