Option Trading: Pricing and Volatility Strategies and Techniques (Wiley Trading)
Option Trading: Pricing and Volatility Strategies and Techniques (Wiley Trading)
- ISBN13: 9780470497104
- Condition: New
- Notes: BRAND NEW FROM PUBLISHER! BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed
An A to Z options trading guide for the new millennium and the new economy Written by professional trader and quantitative analyst Euan Sinclair, Option Trading is a comprehensive guide to this discipline covering everything from historical background, contract types, and market structure to volatility measurement, forecasting, and hedging techniques. This comprehensive guide presents the detail and practical information that professional option traders need, whether they’re using option
List Price: $ 70.00
Price: [wpramaprice asin="0470497106"]
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Option Trading: Pricing and Volatility Strategies and Techniques
An A to Z options trading guide for the new millennium and the new economy Written by professional trader and quantitative analyst Euan Sinclair, Option Trading is a comprehensive guide to this discipline covering everything from historical background, contract types, and market structure to volatility measurement, forecasting, and hedging techniques. This comprehensive guide presents the detail and practical information that professional option traders need, whether they’re using options to h
List Price: $ 70.00
Price: [wpramaprice asin="B003YJF07W"]
[wpramareviews asin="B003YJF07W"]
[wprebay kw="options+trading+books" num="0" ebcat="-1"] [wprebay kw="options+trading+books" num="1" ebcat="-1"]
Tagged with: Option • Pricing • Strategies • Techniques • Trading • Volatility • Wiley
Filed under: options basics
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Welcome to 1989,
This is a case where I would have liked to leave a blank rating: I simply don’t know enough to grade competently. My problem with this book is that, with a few exceptions (hedging bands of chapter 11; range-based vol estimation), it could have been written twenty-plus years ago, when Black, Scholes, Merton and Rubinstein had published their papers, and the volatility smile was known but not yet addressed by academics. Academics moved on – have practitioners followed?
If yes, I would penalize the book for being out-of-date and not ‘fessing up to it. I would have been quite receptive to an argument that the main ideas can be demonstrated in the oldest, fundamental model, but the more recent stuff really needs to be in the book as well.
If not, no complaints, apart from insisting on more substantial chapters 9 and 11. Once we emerge from textbook options stuff after chapter 8 – including the titular “strategies”, in chapter 6 – there are only four chapters left, and one is taken up by textbook-again discussion of market-making. Less of familiar material, more of your thoughts, please.
This is a thorough and well-written discussion of options in the Black-Scholes world. (This means European equity options – no American options or exotics, no fixed-income etc.) 85% of the material was not new to me, and seen in Hull, and CFA and FRM curricula. I would wish to check if the remaining 15% had shown up in similar books, but even in that case the author deserves credit for bringing it all together, and first-rate presentation throughout. If one is looking for a comprehensive introductory-to-intermediate book on options, this is a reliable choice.
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|One of the best books on Options trading,
There are a handful of must-read books on Options trading and this book and the author’s earlier book Volatility Trading are 2 must-reads for anyone interested in trading options. The book can be useful for anyone -from the beginner to the professional. While the author has kept the options mathematics to a minimal level, it does require some basic level of comfort with mathematical concepts. Sinclair is clear, concise and very practitioner oriented. It’s rare to see a trader write (and write well) a book for traders. I enjoyed the chapters on Pin Risk and Options Market-Making, topics not discussed in many options books.
Was this review helpful to you?
|Welcome to 1989,
This is a case where I would have liked to leave a blank rating: I simply don’t know enough to grade competently. My problem with this book is that, with a few exceptions (hedging bands of chapter 11; range-based vol estimation), it could have been written twenty-plus years ago, when Black, Scholes, Merton and Rubinstein had published their papers, and the volatility smile was known but not yet addressed by academics. Academics moved on – have practitioners followed?
If yes, I would penalize the book for being out-of-date and not ‘fessing up to it. I would have been quite receptive to an argument that the main ideas can be demonstrated in the oldest, fundamental model, but the more recent stuff really needs to be in the book as well.
If not, no complaints, apart from insisting on more substantial chapters 9 and 11. Once we emerge from textbook options stuff after chapter 8 – including the titular “strategies”, in chapter 6 – there are only four chapters left, and one is taken up by textbook-again discussion of market-making. Less of familiar material, more of your thoughts, please.
This is a thorough and well-written discussion of options in the Black-Scholes world. (This means European equity options – no American options or exotics, no fixed-income etc.) 85% of the material was not new to me, and seen in Hull, and CFA and FRM curricula. I would wish to check if the remaining 15% had shown up in similar books, but even in that case the author deserves credit for bringing it all together, and first-rate presentation throughout. If one is looking for a comprehensive introductory-to-intermediate book on options, this is a reliable choice.
Was this review helpful to you?
|One of the best books on Options trading,
There are a handful of must-read books on Options trading and this book and the author’s earlier book Volatility Trading are 2 must-reads for anyone interested in trading options. The book can be useful for anyone -from the beginner to the professional. While the author has kept the options mathematics to a minimal level, it does require some basic level of comfort with mathematical concepts. Sinclair is clear, concise and very practitioner oriented. It’s rare to see a trader write (and write well) a book for traders. I enjoyed the chapters on Pin Risk and Options Market-Making, topics not discussed in many options books.
Was this review helpful to you?
|Definitive Options Source,
Beats the learned treatise among the crowd of professional options traders, Natenberg’s ‘Options Volatility and Pricing’, and establishes a new precedent for the definitive text on professional options pricing and trading.
A must-read for all options traders, new and old.
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