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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Contents Introduction Dynamic Hedging.
Arbitrage and the Arbitrageurs. Taleb, despite his claims of hour marathon mathematical musings cannot seem to make up his mind if he is a mathematician, a trader, or both. Each chapter worth a fortune to any current or prospective derivatives trader.
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.
To those remaining, this is rightly regarded as essential reading.
Just some great material which makes you think hard. Market dynamics viewed from the practitioner’s vantage point, including liquidity holes, portfolio insurance, squeezes, fat tails, volatility surface, GARCH, curve evolution, static option replication, correlation instability, Pareto-Levy, regime shifts, autocorrelation of price changes, and the severe flaws in the value at risk method.
In addition to his trader life, Taleb has also written, as a backup of the Incerto, more than 50 scholarly papers in statistical physics, statistics, philosophy, ethics, economics, international affairs, and quantitative finance, all around the notion of risk and probability.
Then I began to write this book. But alas, Dynamic Hedging is a strong advanced text which goes through many nuanced topics.
[PDF] Dynamic Hedging: Managing Vanilla and Exotic Options (Wiley Finance) [Read] Online
Note that the ” at a Ph. Not for the beginner but an excellent book.
Sinclair, specifically, gives 2 chapters to hedging, discussing different approaches to formulating an optimal hedging strategy. But once you read those, this one should definitely be next on your list. Fungibility, Convergence, and Stacking. New tools to detect risks, such as higher moment analysis,topography exposure, and nonparametric techniques.
Taleb successfully bridges the gap between theacademic and the real world.
Dynamic Hedging: Managing Vanilla and Exotic Options – Nassim Taleb, Taleb – Google Books
Some Wrinkles of Option Markets. A little technical in parts. Account Options Sign in. The definitive book on options trading and risk management “If pricing is a science and hedging is an art, Taleb is avirtuoso. Kunal Khaitan rated it it was amazing Aug 31, There was an apparently straight-faced claim that we should care about the seventh derivatives of our options positions, which seems more than a bit ludicrous.
Hull’s book, it is hard to jump out already in the simplest things “.
It dynxmic risks from thevantage point of the option market maker and arbitrage operator. The book contains modules in which the fundamental mathematics of derivatives, such as the Brownian motion, Annd lemma, the numeraire paradox, the Girsanov change of measure, and the Feynman-Kac solution are presented in intuitive practitioner’s language. Trivia About Dynamic Hedging: The book contains modules in which the fundamental mathematics of derivatives, such as the Brownian motion, Ito’s lemma, the numeraire paradox, the Girsanov change of measure, and the Feynman-Kac solution are presented in intuitive practitioner’s language.
WileyTrading: Dynamic Hedging: Managing Vanilla and Exotic Options – Nassim Nicholas Taleb
His current focus is on the properties of systems that can handle disorder “antifragile”. This book will be of zero interest to anyone not involved in the managjng trading industry and of small interest still to those not involved with derivatives.
All this was interspersed with asides in grey boxes that completely disrupted the flow of the text. Read, highlight, and take notes, across web, tablet, and phone. To see what your friends thought of this book, please sign up. Nassim TalebTaleb.