Throughout the last decade interest in derivative instruments which manage and modify financial market risk has mushroomed. The traded options markets, because of their remarkable flexibility and conformity to natural patterns of exposure, have been one of the chief beneficiaries of this trend. This handbook is intended to bridge the gap between the novice and the professional option trader by covering each element of the option contract in detail, from the simplest definitional aspects to the more complex theory and practice of pricing.
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