Exotic Opti*** Trading奇异期权交易 下载 pdb txt pdf 百度云 kindle umd 夸克云

Written by an experienced trader and c***ultant, Frans de Weert’s Exotic Opti*** Trading offers a risk-focused approach to the pricing of exotic opti***. By giving readers the necessary tools to understand exotic opti***, this book serves as a manual to equip the reade***ith the skills to price and risk manage the most common and the most complex exotic opti***.

De Weert begins by explaining the risks associated with trading an exotic option before dissecting these risks through a detailed ***ysis of the actual economics and Greeks rather than solely stating the mathematical formulae. The book limits the use of mathematics to explain exotic opti*** from an economic and risk perspective by means of real life examples leading to a practical interpretation of the mathematical pricing formulae.

The book covers conventional opti***, digital opti***, barrier opti***, cliquets, quanto opti***, outperformance opti*** and variance swaps, and explains difficult concepts in *** terms, with a practical approach that gives the reader a full understanding of every ***ect of each exotic option. The book also discusses structured notes with exotic opti*** embedded in them, such as reverse convertibles, callable and puttable reverse convertibles and autocallables and shows the rationale behind these structures and their associated risks.

For each exotic option, the author makes clea***hy there is an investor demand; explains where the risks lie and how this affects the actual pricing; shows how best to hedge any vega or gamma exposure embedded in the exotic option and discusses the skew exposure.

By explaining the practical implicati*** for every exotic option and how it affects the price, in addition to the necessary mathematical derivati*** and tools for pricing exotic opti***, Exotic Opti*** Trading removes the mystique surrounding exotic opti*** in order to give the reader a full understanding of every ***ect of each exotic option, creating a useable tool for dealing with exotic opti*** in practice.

“Although exotic opti*** are not a new subject in finance, the coverage traditionally afforded by many texts is either too high level or overly mathematical. De Weert's exceptional text fills this gap superbly. It is a rigorous treatment of a number of exotic structures and includes numerous examples to clearly illustrate the principles. What makes this book unique is that it manages to strike a fantastic balance between the theory and actual trading practice. Although it may be something of an overused phrase to describe this book as compulsory reading, I can assure any reader they will not be disappointed.”

Preface

Acknowledgments

1 Introduction

2 Conventional Opti***, Forwards and Greeks

3 Profit on Gamma and Relation to Theta

4 Delta Cash and Gamma Cash

5 Skew

6 Simple Option Strategies

7 Monte Carlo Processes

8 Chooser Option

9 Digital Opti***

10 Barroer Opti***

11 Forward Starting Opti***

12 Ladder Opti***

13 Lookback Opti***

14 Cliquets

15 Reverse Convertibles

16 Autocallables

17 Callable and puttable Reverse Convertibles

18 Asian Opti***

19 Quanto Opti***

20 Composite Opti***

21 Outperformance Opti***

22 Best of and Worst of Opti***

23 Variance Swaps

24 Dispersion

25 Emgomeeromg Fomamcoa; Strictires

Appendix A Variance of a Composite Option and Outperformance Option

Appendix B Replicating the Variance Swap

Bibliography

Index

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