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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Taleb’s book, Fooled by Randomness, was translated into 23 languages. Nassim in action — one can’t go wrong.

Selected pages Title Page. The techniques for trading exotic options, including binary, barrier, multiasset, and Asian options, as well as methods to take into account the wrinkles of actual, non-bellshaped distributions. Fills a big gap in investment literature — the only book to share complex options trading strategies and advanced risk management methods with Written by a leading options trader and optionss 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.

I read this book when I was still studying. Each chapter worth a fortune to any current or prospective derivatives trader. Dynamic Hedging is an indispensable optins definitive reference formarket makers, academics, finance students, risk managers, andregulators.

Dynamic Hedging: Managing Vanilla and Exotic Options by Nassim Nicholas Taleb

Market dynamics viewed from the practitioner’s vantage point, including liquidity holes, portfolio insurance, squeezes, fat tails, volatility surface, GARCH, curve evolution, static option replication, correlation instability, Pareto-Levy, regime shifts, autocorrelation of price changes, and the severe flaws in the value at risk method.


View all 3 comments. The definitive book on options trading and risk management “If pricing is a science and hedging is an art, Taleb is a virtuoso. 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.

The only book about derivatives risk written by an experiencedtrader with theoretical training, it remolds option theory to fitthe practitioner’s environment. No eBook available Wiley. Nassim TalebTaleb.

The author discusses, in plain English, vital issues,including: Otto Folin rated it really liked it Jun 12, This text is certainly one I keep as a reference guide on my desk. Some Wrinkles of Option Markets. Honestly, the best way to read the book is probably to read the grey boxes and nothing else. Feb 25, Dmitri rated it it was ok Recommends it for: Managing Vanilla and Exotic Options. Compound, Choosers, and Higher Order Options.

[PDF] Dynamic Hedging: Managing Vanilla and Exotic Options (Wiley Finance) [Read] Online

In many ways, his is worse. With critically acclaimed books by leading thinkers on value investing, risk management, asset allocation, and many other critical subjects, the Wiley Finance series provides the financial community with information they vanjlla. Please read our Privacy Policy. That liquid splashing your ear is not rain, my friend. Wilmott plays his own insidious dtnamic of this game.

Dynamic Hedging is replete with helpful tools, market anecdotes, ajd risk management rules distilling years of market lore, and important definitions. The only book about derivatives risk written by an experienced trader with theoretical training, it remolds option theory to fit the practitioner’s environment. They need you to believe that all quants follow models blindly and without question kanaging order for you to be impressed by the fact that they themselves do not.


It is an entertaining combination of intuitive explanations, mathematical derivations, and war stories from the trading floor. This book will be of zero interest to anyone not involved in the securities trading industry and of small interest still to those not involved with derivatives.

A Graphical Case Study.

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

Other books are probably better introductions. Introduction to the Instruments.

I rated it highly based solely on the excellent cinance juicy material but the writing style is really horrible. 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.

Learn more about WileyTrading. Though I assure you: Geoff rated it it was amazing Mar 28, The only thing that is clear is that he believes himself to be above all of them. His current focus is on the properties of systems that can handle disorder “antifragile”.

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