Dynamic Hedging : Managing Vanilla and Exotic Options

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Master derivatives risks with Dynamic Hedging.

Dynamic Hedging is a must-read for anyone looking to manage portfolios containing any nonlinear security. Written by an experienced trader with theoretical training, Nassim Taleb provides real-world methodology for managing risks, covering both on-model and off-model derivatives risks. The book contains helpful tools, anecdotes, and important definitions that distill years of market lore. It is an indispensable and definitive reference for market makers, academics, finance students, risk managers, and regulators.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

Dynamic Hedging : Managing Vanilla and Exotic Options

Regular price ₱1,677.15
Unit price
per
ISBN: 9780471152804
Publisher: Wiley
Date of Publication: 1997-01-14
Format: Hardcover
Goodreads rating: 4.04
(rated by 478 readers)

Description

Destined to become a market classic, Dynamic Hedging is the only practical reference in exotic options hedgingand arbitrage for professional traders and money managersWatch the professionals. From central banks to brokerages to multinationals, institutional investors are flocking to a new generation of exotic and complex options contracts and derivatives. But the promise of ever larger profits also creates the potential for catastrophic trading losses. Now more than ever, the key to trading derivatives lies in implementing preventive risk management techniques that plan for and avoid these appalling downturns. Unlike other books that offer risk management for corporate treasurers, Dynamic Hedging targets the real-world needs of professional traders and money managers. Written by a leading options trader and derivatives risk advisor to global banks and exchanges, this book provides a practical, real-world methodology for monitoring and managing all the risks associated with portfolio management.Nassim Nicholas Taleb is the founder of Empirica Capital LLC, a hedge fund operator, and a fellow at the Courant Institute of Mathematical Sciences of New York University. He has held a variety of senior derivative trading positions in New York and London and worked as an independent floor trader in Chicago. Dr. Taleb was inducted in February 2001 in the Derivatives Strategy Hall of Fame. He received an MBA from the Wharton School and a Ph.D. from University Paris-Dauphine.
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Master derivatives risks with Dynamic Hedging.

Dynamic Hedging is a must-read for anyone looking to manage portfolios containing any nonlinear security. Written by an experienced trader with theoretical training, Nassim Taleb provides real-world methodology for managing risks, covering both on-model and off-model derivatives risks. The book contains helpful tools, anecdotes, and important definitions that distill years of market lore. It is an indispensable and definitive reference for market makers, academics, finance students, risk managers, and regulators.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.