Options: Trading Strategy and Risk Management (Wiley Finance) - Hardcover

Vine, Simon

Hardcover

ISBN 10: 0471691283 ISBN 13: 9780471691280

Publisher: John Wiley & Sons, 2005

Synopsis

The key concepts and essential strategies behind the successful use of options Written by Simon Vine, a seasoned trader who has over ten years of experience on Wall Street under his belt, Options is the definitive book on options for traders, investors, and risk professionals. Options provides a step–by–step approach to trading, hedging, and investing using options, and shares the key concepts essential to successful options use. Options also explores how to use a wide variety of options strategies and shows readers how to select the strategy that best fits their own psychological risk profile. Filled with real–world examples and proven strategies, this invaluable resource will be of interest to all professionals–and newcomers–who′d like to exploit options for strategic advantage, risk management, or profit. Simon Vine (Moscow, Russia) is deputy head of the investment banking division at Alfa Bank, the largest private financial institution in Russia. He holds an MBA from Columbia Business School and a BA from the Institute for Finance and Economics in Moscow.

About this title

About the Author

Simon Vine is deputy head of the investment banking division at Alfa Bank, the largest private financial institution in Russia. Prior to Alfa, he spent ten years in New York, where he was senior director in charge of derivatives at American Express Bank, ran the Foreign Exchange and Precious Metals Options Group for Union Bank of Switzerland (UBS), and traded foreign exchange options for Société Générale. Vine has published articles in Technical Analysis of Stocks and Commodities, FOW, Emerging Markets Investor, and has contributed to Capital Markets Risk, a Euromoney book publication. He holds an MBA from Columbia Business School and a BA from the Institute for Finance and Economics in Moscow.

From the Back Cover

Options "This is a clear and pedagogical book written with the cut–to–the–chase mindset of the practitioner and devoid of the academic complications. Vine sees derivatives from the standpoint of the trader, which is rare and refreshing." Nassim Nicholas Taleb author of Fooled by Randomness "Simon Vine′s new work, Options: Trading Strategy and Risk Management, combines a first rate introduction to options with an in–depth review of the complexities of the subject. An extremely helpful book that should be of great benefit both to the uninitiated and to the many ′professionals′ who think they understand derivatives." Aleksandr M. Knaster, CEO, Alfa Bank Written by Simon Vine, a seasoned trader with over ten years of experience on Wall Street, Options: Trading Strategy and Risk Management offers a step–by–step approach to trading, hedging, and investing with options, and shares the key concepts and essential theories behind the successful use of options in today′s markets. Comprised of short, to–the–point chapters that include challenging Q&A sections, this invaluable resource will show you how to avoid expensive mistakes and secure your success in this arena.

From the Inside Flap

By their very nature as financial instruments with nonlinear payoff patterns options require both a theoretical understanding of pricing and a razor–sharp intuition about risk and reward, in order to deploy them successfully. It doesn′t matter whether you′re looking to use options for strategic advantage, risk management, or profit if you′re uninformed, you′re guaranteed to underperform. Written by Simon Vine, a seasoned trader with over ten years of experience on Wall Street, Options: Trading Strategy and Risk Management will introduce you to the most interesting and diverse applications of options and other plain vanilla and exotic derivatives. This comprehensive resource offers a step–by–step approach to trading, hedging, and investing with options, and shares the key concepts and essential theories behind the successful use of options in today′s markets. Options takes you from a basic clarification of terminology to straightforward explanations of complex options strategies. Along the way, you′ll become familiar with a wide variety of topics that will enhance your options skills, including: Options Strategies straddles, strangles, calendar (horizontal) spreads, diagonal spreads, butterfly spreads, and ratio spreads The Risk Parameters of Options volatility and the "Greeks," the impact of interest rates on options pricing and strategies, and exotic options Market Support the process of market–making on option markets Hedging with Options dynamic hedging and other complex hedging strategies Credit Risk of options strategies and deals The Psychology of Trading self–control of psychological factors when investing and problems with standard methods of risk minimization This practical guide will challenge you every step of the way whether you′re a risk manager, hedger, investor, or trader and the valuable question–and–answer section at the end of each chapter offers you the rare chance to test your options knowledge before putting it to work in the real world. The book also includes caveats not covered by other option experts, which will help even seasoned practitioners avoid common mistakes. Options offer an extensive array of profit and risk management strategies that can be deployed within the context of your own risk exposure or traditional investment portfolio but to take advantage of these opportunities, you must be prepared. Filled with real–world examples and proven strategies, this invaluable resource will not only help you make the most of options, it will secure your success.

Edition details

• Publisher: John Wiley & Sons
• Publication date: 2005
• Language: English
• ISBN 10: 0471691283
• ISBN 13: 9780471691280
• Binding: Hardcover
• Number of pages: 400