THE OPTIONS APPLICATIONS HANDBOOK HEDGING AND SPECULATING TECHNIQUES BANKS E. SIEGEL P. / FOR PROFESSIONAL INVESTORS / Księgarnia

The Options Applications Handbook offers a lucid, down-to-earth introduction to the fundamentals of options, explaining how options can be used for various purposes, such as options on exchange rates, interest rates, stocks, futures, and fixed-income securities.

With the help of this on-target guide, readers will be able to understand basic option types…use standard market terminology…grasp the costs, benefits, and risks of basic option positions…identify key factors that affect the price of an option…and see how pricing models have been modified for specialized options.

The Options Applications Handbook covers in detail:

Conventional Options_focuses on the mechanics of call and put options, basic option payoff profiles, and the creation of synthetic options/assets
Exotic Options_explores second generation option contracts, such as path dependent options and path independent derivatives, that build on the basic structure of conventional options
Option-Embedded Securities_demonstrates how flexible options can be embedded in securities to build customized funding/risk/investment tools
Option-Embedded Derivatives_illustrates how options can be combined with other derivatives to create customized risk/investment products, such as callable and puttable swaps
Option Strategies_describes how options can be used in combinations to create risk management and speculative views on a particular reference asset
Corporate and Investor Applications_examines how to utilize options for hedging, speculating, arbitraging, and value monetization
An Overview of Option Pricing_surveys basic pricing matters, including intrinsic and time value, moneyness, and pricing inputs
_ Option Pricing Models_outlines option pricing frameworks, such as the Black-Scholes process and the binomial model
Hedging Option Portfolios_discusses how market-makers and dealers risk-manage their portfolios in practice
Risk and Control Issues_considers option risk control, including credit and market portfolio risk management and internal financial and audit processes

Erik Banks is chief risk officer at a multi-strategy hedge fund and has been active in the banking sector for 20 years. Erik has held senior risk management position at Merrill Lynch, XL Capital, and Citibank in New York, Tokyo, London, and Hong Kong, and has written 20 books on derivatives, risk, emerging markets, and merchant banking.

Paul Siegel is Chief Executive Officer of The Globecon Group, a specialized banking and financial services professional development, conference, and publishing firm operating in the capital markets, credit, risk, corporation finance, and wealth management markets.

Table of Contents

Option Products and Applications 1
An Introduction to Options Markets 3
Conventional Options 17
Exotic Options 43
Option-Embedded Securities 61
Option-Embedded Derivatives 99
Option Strategies 115
Corporate and Investor Applications 135
Valuation Tools 169
An Overview of Option Pricing 171
Option Pricing Models 191
Hedging Option Portfolios 235
Risk and Control Issues 261
Option-Adjusted Spreads 285
Pricing Options with Correlation 295
MBS Prepayment and Valuation 319
Answers to Chapter Exercises 327
Selected References 363
Index 365

360 pages, Hradcover

Po otrzymaniu zamówienia poinformujemy,
czy wybrany tytuł polskojęzyczny lub anglojęzyczny jest aktualnie na półce księgarni.