Dynamic Hedging by Nassim Taleb

Dynamic Hedging by Nassim Taleb

Dynamic hedging is the ultimate source of derivative risk. It provides a real-world methodology for managing portfolios that contain any non-linear security. It presents risks from the point of view of the option market maker and the arbitrage operator. The only book on derivatives risk written by an experienced trader with theoretical training, reshapes the theory of options to suit the professional environment. As a greater part of the market exposure cannot be adequately captured by mathematical models, the appointed options arbitrator Nassim Taleb uniquely covers both the risks derived from models inside and outside models.

The author discusses, in plain English, vital issues, including:

The generalized option, which covers all instruments with convex payment, including the potential bonus of an operator.
Exotic options trading techniques, including Asian, Barrier, Multiasset and Binary options, as well as methods to account for wrinkles in actual bellless distributions.
Market dynamics seen from the professional point of view, including liquidity holes, portfolio insurance, reductions, thick tails, volatility surface, GARCH, curve evolution, replication of static options, correlation instability, Pareto-Levy, regime changes, autocorrelation of price changes, and serious flaws in the value-at-risk method.
New tools to detect risks, such as higher moment analysis, exposure to topography and non-parametric techniques.
The path dependency of all dynamically covered options.

Dynamic Hedging is packed with useful tools, market anecdotes, risk management rules at a glance that distill years of market knowledge and important definitions. The book contains modules that introduce the fundamental mathematics of derivatives, such as Brownian motion, Ito’s lemma, the numeral paradox, Girsanov’s change of measure, and the Feynman-Kac solution in the intuitive language of the professional.

Dynamic Hedging is an indispensable and definitive reference for market makers, academics, finance students, risk managers and regulators.

The definitive book on options trading and risk management.

“If price is a science and coverage is an art, Taleb is a virtuoso.” –Bruno Dupire, Head of Swaps and Options Research, Paribas Capital Markets

“This is not simply the best book on how options trade, it is the only book.” –Stan Jonas, Managing Director, FIMAT – GARCH Society

“Dynamic Hedging closes the gap between what the best operators know and what the best academics can prove.” –William Margrabe, President, The William Margrabe Group, Inc.

“The most complete, insightful and intuitive work on the subject. It is instrumental for both novice and experienced operators alike. ”

“A tour de force. That rare find, a book of great practical and theoretical value. Taleb successfully closes the gap between academia and the real world. Interesting, provocative, well written. Each chapter is worth a fortune to any current or future derivatives operator. ”- Victor Niederhoffer, President, Niederhoffer Investments

Forex Trading – Foreign Exchange Course

You want to learn about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.

Preview Information: 

Original Page

Archive Page

Dynamic Hedging by Nassim Taleb Available now at Vincourse.com

Dynamic Hedging by Nassim Taleb Download, Dynamic Hedging by Nassim Taleb Available Now, Dynamic Hedging by Nassim Taleb Order, Dynamic Hedging by Nassim Taleb Reviews, Dynamic Hedging by Nassim Taleb Torrent, Dynamic Hedging by Nassim Taleb Course Download, Dynamic Hedging by Nassim Taleb ClubBuy, Dynamic Hedging by Nassim Taleb Groupbuy