Option Trading

Traders who are successful long-term do not rely on luck, but rather their ability to adapt, strategize, and utilize available tools and information. Modern markets are becoming increasingly accessible to the average consumer, and the emergence of retail options trading is opening a world of opportunities for the individual investor. Options are highly versatile and complex financial instruments that were exclusive to industry professionals until recently. So where should beginners start?  The Unlucky Investor's Guide to Options Trading  breaks down the science of options trading to suit interested traders from any background. Using statistics and historical options data, readers will develop an intuitive understanding of the potential risks and rewards of options contracts. From the basics of options trading to strategy construction and portfolio management,  The Unlucky Investor's Guide to Options Trading  guides readers through the world of options and teaches the crucial risk management techniques for sustainable investing.

Marcello Minenna is the Head of the Quantitative Analysis Unit at CONSOB (the Italian Securities and Exchange Commission). In charge of what Risk magazine addressed as the "quant enforcement", he analyses and develops quantitative models for surveillance and supports the enforcement units in their activities.Marcello has taught mathematical models for finance in several Italian and foreign universities and is presently teaching financial mathematics at the universities of Milano Bicocca and Bocconi. He received his PhD in applied mathematics for social sciences from the State University of Brescia and his MA in mathematics in finance from Columbia University. He is the author of several publications including the bestselling book A Guide to Quantitative Finance also published by Risk Books. Paolo Verzella is a Senior Analyst at the CONSOB Quantitative Analysis Unit. He was Assistant Professor in Mathematical Finance at Milano Bicocca University and has taught courses in mathematics and finance in Italian Universities namely Bocconi and Politecnico of Milano. Paolo received his Phd in Mathematics for Financial markets from Milano Bicocca University.His research interests focus mainly on Numerical Methods for Option Pricing, Optimisation Problems and Applied Harmonic Analysis and also includes more general areas of finance such as Structured Products

Trading Option Greeks Second Edition In option trading, there are an  infinite number of uses for the "greeks" (delta, gamma, theta, vega, and rho), which measure changes in an option's value. From finding trades to managing and adjusting them, the greeks are truly a trader's best resource?but only if you know how to properly apply them. Nobody understands option greeks better than author Dan Passarelli. And now, with the  Second Edition  of  Trading Option Greeks , this seasoned options expert provides you with the tools you'll need to effectively implement them in your everyday trading endeavors. Written from Passarelli's unique perspective, traders of all levels can benefit from this reliable guide. Page by page, it skillfully covers some of the most essential elements of this discipline, including various types of spreads, put-call parity and synthetic options, trading volatility, and advanced option trading issues. Along the way, it makes use of new charts and examples, and discusses how the proper application of the greeks can lead to more accurate pricing and trading as well as alert you to a range of other opportunities. Having a comprehensive understanding of the greeks is essential to long-term trading success. This updated edition of  Trading Option Greeks  illustrates how you can apply the concepts contained here to real-world trading scenarios and get the most out of your time in today's dynamic market.

The credit derivatives market is booming and, for the first time, expanding into the banking sector which previously has had very little exposure to quantitative modeling. This phenomenon has forced a large number of professionals to confront this issue for the first time. Credit Derivatives Pricing Models provides an extremely comprehensive overview of the most current areas in credit risk modeling as applied to the pricing of credit derivatives. As one of the first books to uniquely focus on pricing, this title is also an excellent complement to other books on the application of credit derivatives. Based on proven techniques that have been tested time and again, this comprehensive resource provides readers with the knowledge and guidance to effectively use credit derivatives pricing models. Filled with relevant examples that are applied to real–world pricing problems, Credit Derivatives Pricing Models paves a clear path for a better understanding of this complex issue. Dr. Philipp J. Schönbucher is a professor at the Swiss Federal Institute of Technology (ETH), Zurich, and has degrees in mathematics from Oxford University and a PhD in economics from Bonn University. He has taught various training courses organized by ICM and CIFT, and lectured at risk conferences for practitioners on credit derivatives pricing, credit risk modeling, and implementation.

Harness the power of real options Real options theory is based on the Nobel Prize––winning work on financial options, and has captured the interest of executives, managers, and investors who need to understand the future profitability of an asset. Originally developed to value technology initiatives and companies, the method is now being applied broadly across various businesses and industries. The Real Options Solution offers comprehensive coverage of the real options approach with a five–step framework and examples for applying the author′s unique total value model based on real options analysis. This approach will help executives and investors minimize the risk of committing to new ventures and delivers a framework flexible enough to apply to business initiatives in all types of companies.

"Outperform the Dow presents not only fascinating statistics about the performance of the Dow itself but also how to beat that performance with nearly four dozen different methods, from the basic to the sophisticated. You won?t often find strategies involving futures and options included in this type of discussion, but this practical guide shows how they can be used to boost your returns in simple, safe ways you might never have considered." –DARRELL JOBMAN, CoAuthor of The Complete Guide to Electronic Futures Trading The Dow Jones Industrial Average is the most widely followed equity index in the world, and the benchmark against which most U.S. investors measure their investment returns. Outperform the Dow outlines strategies and techniques that many investors have used to consistently beat this benchmark–and pump up their portfolio values. Outperform the Dow goes beyond simply discussing these strategies to provide solid, statistical evidence of their consistent superiority in up, down, and sideways markets. Learn here how you can profit from Dow–beating strategies that include: ? Last Year?s Winners n Smooth Risers ? Tuesday Opportunity ? Triple–Witching Days n Fool?s Forecast ? Semi–Monthly Analysis ? January Momentum ? Covered Call Writing ? October/June Straddles ? Exotic Options The objective of investing is to supply companies with capital and for the investor to gain profits. History shows that over time, certain techniques and strategies have consistently allowed savvy investors to gain exceptional profits. Discover the secrets of successful investors, climb down off the "buy–and–hold" bandwagon, and learn how to really make your money work for you with Outperform the Dow. Please visit our Web site at www.wileyfinance.com