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DYNAMIC HEDGING MANAGING VANILLA AND EXOTIC OPTIONS WILEY FINANCE PDF

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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Read, highlight, and take notes, across web, tablet, and phone. But once you read those, this one should definitely be next on your list.

That liquid splashing your ear is not rain, my friend. Victor rated it really liked it Feb 22, 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.

Dynamic Hedging is replete with helpful tools, market anecdotes, at-a-glance risk management rules distilling years of market lore, and important definitions.

Please read our Privacy Policy. Feb 24, Aaron rated it it was amazing. Dynamic Hedging is replete with helpful tools, market anecdotes,at-a-glance risk management rules distilling years of market lore,and important definitions. No trivia or quizzes yet. Aug 13, Frank Palardy rated it really liked it Shelves: Dec 24, Joel rated it it was ok Shelves: Each chapter worth a fortune to vaanilla current or prospectivederivatives trader.

Wiley Trading

Each chapter worth a fortune to any current or prospective derivatives trader. Introduction to the Instruments. If he had just held the scimitar aloft and said, “let us slay the black swan,” then I assume that lots of quants would have been there with him sparking up the torches and sharpening the pitchforks.

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Dynamic Hedging: Managing Vanilla and Exotic Options – Nassim Nicholas Taleb – Google Books

Palmer rated it really liked it May 01, His approaches seem sound. 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 dyhamic financial expertise.

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.

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.

Not for the beginner but an excellent book.

This book will be of zero interest to anyone not involved in the wileey trading industry and of small interest still to those not involved with derivatives. It is instrumental for both beginning and experiencedtraders. This “there’s something wrong with you that only I can fix” attitude reminds me of Scientology a bit.

It presents risks from thevantage point of the option market maker and arbitrage operator. The redundant sentences bounce off of each other without forming a coherent picture of anything but Taleb’s ego. If the dot-com bubble was an age of unabashed risk-taking, the prolonged hangover from that binge has fostered a period of risk aversion; this snappily titled volume is a detailed text of tools that Liquidity and Liquidity Holes.

This text is certainly one I keep as a reference guide on my desk.

May 02, David rated it liked it Shelves: See Wikipedia for more details. View all 3 hedgkng. As the pace of change in financial markets and instruments quickens, Wiley Finance continues to respond.

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For example, he makes some good points on managing option greeks. In particular the paragraph about the risk manager enquiring about an infinite delta close to the expiration of a bina I read this book when I was still studying. Market dynamics viewed from the practitioner’s vantage point,including liquidity holes, portfolio insurance, squeezes, fattails, volatility surface, GARCH, curve evolution, static optionreplication, correlation instability, Pareto-Levy, regime shifts,autocorrelation of price changes, and the severe flaws dynanic the valueat risk method.

Some chapters I really enjoyed which are hugely important in practice that you don’t learn in any classroom: Nassim Nicholas Taleb was born in in Amioun, Lebanon. Taleb and Wilmott to be satanic hors d’oeuvres until the end of days?

Dynamic Hedging: Managing Vanilla and Exotic Options

Taleb received his bachelors and masters degree in science from the University of Paris. Market Making and Market Using. As they say in The Big LebowskiI guess he’s just “not into that whole brevity thing. And then there was the relentless repitition of the refrain that quants don’t know what they are talking about, experienced traders know these things in their sleep.

WileyTrading: Dynamic Hedging: Managing Vanilla and Exotic Options – Nassim Nicholas Taleb

Module F Probabilistic Rankings in Arbitrage. Fungibility, Convergence, and Stacking. He has held a variety of senior derivative trading positions in New York and London and worked as an independent floor trader in Chicago.