Options

Trading Strategy and Risk Management

Simon Vine - Collection Wiley Finance

400 pages, parution le 01/04/2005

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Résumé

The key concepts and essential strategies behind the successful use of options

Written by Simon Vine, a seasoned trader who has over ten years of experience on Wall Street under his belt, Options is the definitive book on options for traders, investors, and risk professionals. Options provides a step-by-step approach to trading, hedging, and investing using options, and shares the key concepts essential to successful options use. Options also explores how to use a wide variety of options strategies and shows readers how to select the strategy that best fits their own psychological risk profile. Filled with real-world examples and proven strategies, this invaluable resource will be of interest to all professionals-and newcomers-who'd like to exploit options for strategic advantage, risk management, or profit.

Simon Vine (Moscow, Russia) is deputy head of the investment banking division at Alfa Bank, the largest private financial institution in Russia. He holds an MBA from Columbia Business School and a BA from the Institute for Finance and Economics in Moscow.

Sommaire

Basic Knowledge
- Basic Terms
- Drawing Option Charts
- Introduction to Option Strategies
- Put/Call Parity
Option Strategies
- Basic Option Strategies
- Complex Option Strategies
- Practical Steps in Creating and Designing Strategies
- Delta
- Spreads
- Utilization of Options for Spot/Cash Trading
Risk Parameters of Options
- Introduction Volatility and the "Greeks" (Theta, Vega, and Gamma)
- Volatility
- Vega
- Theta
- Gamma
- Impact of Interest Rates on Options Pricing and Strategies
- Dynamic Option Hedging
- Summing Up
- Introduction to Exotic Options
- Advanced Exotic Options Strategies
Market Support (Market Making)
- Market Making Price Support of the Market
- Introduction to Options Portfolio Management
Hedging Market Risk Reduction for Producers and Consumers
- Hedging with Options
- Advanced Hedging Strategies
Credit Risk Analysis
- Forward and Settlement Risks in Spot, Forward, and Nondeliverable Forward Deals
- Risks of Settlement on Option Deals
- Credit Risk of Option Strategies
- Credit Risk of Exotic Options
- Credit Risk of Combined Positions Option-Spot/Forward
Market Risks Management
- Typical Mistakes of Options Risk Control
- Recommended Approach to Risk Management Methodology
Psychology of Trading
- Personal Factors in Risk Evaluation
- Self-Control of Psychological Factors when Investing
- Problems with Standard Methods of Risk Minimization
- APPENDIX A Options Mathematical Models
- APPENDIX B "Greeks"-Parameters Used in Portfolio Management
- APPENDIX C American Options Options on Futures, Currencies, Commodities, Equities, and Bonds

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Wiley
Auteur(s)	Simon Vine
Collection	Wiley Finance
Parution	01/04/2005
Nb. de pages	400
Format	16 x 24
Couverture	Relié
Poids	595g
Intérieur	Noir et Blanc
EAN13	9780471691280
ISBN13	978-0-471-69128-0