Options and Options Trading

A Course that Takes You from Coin Toss to Black-Scholes

Robert W. Ward

414 pages, parution le 11/05/2004

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Résumé

An introduction to the complex world of options that every investor can use

Too many books on options trading make the mistake of assuming that readers can already tell a delta from a sigma summation. Options and Options Trading breaks the code that envelops the often-foreign language of options, providing an accessible introduction into how the options market works as it explains the rules that traders must understand if they hope to take part in this high-leverage, high-profit game. Author Robert Ward's goal is simple to demystify the tangled world of options trading without leaving readers too confused and frustrated to continue. The book to read before continuing on to the more detailed, and much higher-level, existing library of options trading guides, Options and Options Trading features:

End-of-chapter material including "Things to Think About" and "Key Concepts"
Simplified explanations of complex mathematical equations
Step-by-step rationales to help readers move from basic to complex

L'auteur - Robert W. Ward

Robert W. Ward (Jersey City, NJ) is a prominent trainer and consultant to top financial firms such as Prudential and Salomon Smith Barney. Ward rose from pit trader to manager of traders at Merrill Lynch and has also taught a course on options at New York University.

Sommaire

The Basics
- What a derivative is and what it isn't
- Binomial and coin tosses
- Pascal's triangle and the binomial theorem
- …
The formula
- Skeleton for an option formula
- Getting comfortable with the Black-Scholes formula
- Introducing volatility and SKIT-V
- …
Trading
- A primer on risk an hedging
- Option Risk: Finding it and hedging it
- How traders make money
- …

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Mc Graw Hill
Auteur(s)	Robert W. Ward
Parution	11/05/2004
Nb. de pages	414
Format	15,5 x 23,5
Couverture	Relié
Poids	745g
Intérieur	Noir et Blanc
EAN13	9780071432092
ISBN13	978-0-07-143209-2