Financial Options PDF Download
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Author | : Martha Amram |
Publisher | : Oxford University Press on Demand |
Total Pages | : 246 |
Release | : 1999 |
Genre | : Business & Economics |
ISBN | : 9780875848457 |
Download Real Options Book in PDF, ePub and Kindle
Using real-world examples and clear case studies, the authors provide investors and managers with an innovative method for assessing a company's non-financial assets, allowing them to assess opportunities whose financial rewards are less than certain.
Author | : Alexandre C. Ziegler |
Publisher | : Springer Science & Business Media |
Total Pages | : 200 |
Release | : 2004-03-15 |
Genre | : Business & Economics |
ISBN | : 9783540206682 |
Download A Game Theory Analysis of Options Book in PDF, ePub and Kindle
Modern option pricing theory was developed in the late sixties and early seventies by F. Black, R. e. Merton and M. Scholes as an analytical tool for pricing and hedging option contracts and over-the-counter warrants. How ever, already in the seminal paper by Black and Scholes, the applicability of the model was regarded as much broader. In the second part of their paper, the authors demonstrated that a levered firm's equity can be regarded as an option on the value of the firm, and thus can be priced by option valuation techniques. A year later, Merton showed how the default risk structure of cor porate bonds can be determined by option pricing techniques. Option pricing models are now used to price virtually the full range of financial instruments and financial guarantees such as deposit insurance and collateral, and to quantify the associated risks. Over the years, option pricing has evolved from a set of specific models to a general analytical framework for analyzing the production process of financial contracts and their function in the financial intermediation process in a continuous time framework. However, very few attempts have been made in the literature to integrate game theory aspects, i. e. strategic financial decisions of the agents, into the continuous time framework. This is the unique contribution of the thesis of Dr. Alexandre Ziegler. Benefiting from the analytical tractability of contin uous time models and the closed form valuation models for derivatives, Dr.
Author | : Stephen Figlewski |
Publisher | : McGraw-Hill Professional Publishing |
Total Pages | : 600 |
Release | : 1990 |
Genre | : Business & Economics |
ISBN | : |
Download Financial Options Book in PDF, ePub and Kindle
Author | : Jeffrey M. Cohen |
Publisher | : McGraw Hill Professional |
Total Pages | : 344 |
Release | : 2003-08-06 |
Genre | : Business & Economics |
ISBN | : 9780071416658 |
Download Put Options Book in PDF, ePub and Kindle
This volume outlines a complete framework for using put options to the best advantage. The author argues that investors could forsake equities all together and rely solely on put options and still beat major indices.
Author | : Jack Broyles |
Publisher | : Wiley |
Total Pages | : 0 |
Release | : 2003-01-17 |
Genre | : Business & Economics |
ISBN | : 9780471899341 |
Download Financial Management and Real Options Book in PDF, ePub and Kindle
This concise but well-developed book covers financial management with an international focus. Noted corporate finance specialist Jack Broyles here assists operating managers in attaining the financial objectives of their companies and reporting financial results to owners, creditors, and employees.
Author | : Jerome Yen |
Publisher | : Routledge |
Total Pages | : 161 |
Release | : 2014-11-27 |
Genre | : Business & Economics |
ISBN | : 1317638883 |
Download Emerging Financial Derivatives Book in PDF, ePub and Kindle
Exotic options and structured products are two of the most popular financial products over the past ten years and will soon become very important to the emerging markets, especially China. This book first discusses the products' recent development in the world and provides comprehensive overview of the major products. The book also discusses the risks of issuing and buying such products as well as the techniques to price them and to assess the risks. Volatility is the most important factor in determining the return and risk. Therefore, significant part of the book's content discusses how we can measure the volatility by using local and stochastic volatility models — Heston Model and Dupire Model, the volatility surface, the term structure of volatility, variance swaps, and breakeven volatility. The book introduces a set of dimensions which can be used to describe structured products to help readers to classify them. It also describes the more commonly traded exotic options with details. The book discusses key features of each exotic option which can be used to develop structured products and covers their pricing models and when to issue such products that contain such exotic options. This book contains several case studies about how to use the models or techniques to price and hedge risks. These case analyses are illuminating.
Author | : Patrick Boyle |
Publisher | : Walter de Gruyter GmbH & Co KG |
Total Pages | : 298 |
Release | : 2018-12-17 |
Genre | : Business & Economics |
ISBN | : 1547401214 |
Download Trading and Pricing Financial Derivatives Book in PDF, ePub and Kindle
Trading and Pricing Financial Derivatives is an introduction to the world of futures, options, and swaps. Investors who are interested in deepening their knowledge of derivatives of all kinds will find this book to be an invaluable resource. The book is also useful in a very applied course on derivative trading. The authors delve into the history of options pricing; simple strategies of options trading; binomial tree valuation; Black-Scholes option valuation; option sensitivities; risk management and interest rate swaps in this immensely informative yet easy to comprehend work. Using their vast working experience in the financial markets at international investment banks and hedge funds since the late 1990s and teaching derivatives and investment courses at the Master's level, Patrick Boyle and Jesse McDougall put forth their knowledge and expertise in clearly explained concepts. This book does not presuppose advanced mathematical knowledge, though it is presented for completeness for those that may benefit from it, and is designed for a general audience, suitable for beginners through to those with intermediate knowledge of the subject.
Author | : Graeme Guthrie |
Publisher | : Oxford University Press |
Total Pages | : 432 |
Release | : 2009-07-16 |
Genre | : Business & Economics |
ISBN | : 019993908X |
Download Real Options in Theory and Practice Book in PDF, ePub and Kindle
Decision-makers in business and economics face a staggering array of problems. For example, managers of growing firms have to decide when to expand their business, governments have to decide whether to undertake large infrastructure investments, and managers of oil firms must decide how rapidly to deplete their reserves. While these problems seem quite diverse, they all share many important features. In each case, the decision-maker must choose when to take a particular action that will be potentially impossible to reverse, and the consequences of taking (or not taking) that action are uncertain. Also, the timing and nature of these actions directly affect the cash flows generated by the entities they manage. This book explains how techniques originally developed to price financial derivatives can be used to analyze real-world decisions, and provides the tools necessary to put them into practice. The real options analysis approach to decision-making is built on strong theoretical foundations, and is widely discussed in practitioner literature, but often only at a fairly intuitive level. What practitioners need-and what this book delivers-is a structured approach to systematically applying real options analysis to the wide variety of problems they will meet in business and economics. Real Options in Theory and Practice focuses on building up a general approach to solving real options problems from the ground up. Rather than aiming to build a "black box" to solve a small set of standardized real options problems, it describes the building blocks of any successful real options analysis and shows how they can be assembled in a way that is appropriate to the problem being analyzed. For both practitioners and academics, Real Options in Theory and Practice will serve as an authoritative and invaluable resource for those looking for effective and practical solutions to complex, real-life problems.
Author | : Dan Passarelli |
Publisher | : John Wiley & Sons |
Total Pages | : 375 |
Release | : 2012-10-02 |
Genre | : Business & Economics |
ISBN | : 1118133161 |
Download Trading Options Greeks Book in PDF, ePub and Kindle
A top options trader details a practical approach for pricing and trading options in any market condition The options market is always changing, and in order to keep up with it you need the greeks—delta, gamma, theta, vega, and rho—which are the best techniques for valuing options and executing trades regardless of market conditions. In the Second Edition of Trading Options Greeks, veteran options trader Dan Pasarelli puts these tools in perspective by offering fresh insights on option trading and valuation. An essential guide for both professional and aspiring traders, this book explains the greeks in a straightforward and accessible style. It skillfully shows how they can be used to facilitate trading strategies that seek to profit from volatility, time decay, or changes in interest rates. 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. Completely updated with new material Information on spreads, put-call parity and synthetic options, trading volatility, and advanced option trading is also included Explores how to exploit the dynamics of option pricing to improve your trading Having a comprehensive understanding of the greeks is essential to long-term options trading success. Trading Options Greeks, Second Edition shows you how to use the greeks to find better trades, effectively manage them, and ultimately, become more profitable.
Author | : Robert Meister |
Publisher | : University of Chicago Press |
Total Pages | : 305 |
Release | : 2021-04-19 |
Genre | : Political Science |
ISBN | : 022673451X |
Download Justice Is an Option Book in PDF, ePub and Kindle
More than ten years after the worst crisis since the Great Depression, the financial sector is thriving. But something is deeply wrong. Taxpayers bore the burden of bailing out “too big to fail” banks, but got nothing in return. Inequality has soared, and a populist backlash against elites has shaken the foundations of our political order. Meanwhile, financial capitalism seems more entrenched than ever. What is the left to do? Justice Is an Option uses those problems—and the framework of finance that created them—to reimagine historical justice. Robert Meister returns to the spirit of Marx to diagnose our current age of finance. Instead of closing our eyes to the political and economic realities of our era, we need to grapple with them head-on. Meister does just that, asking whether the very tools of finance that have created our vastly unequal world could instead be made to serve justice and equality. Meister here formulates nothing less than a democratic financial theory for the twenty-first century—one that is equally conversant in political philosophy, Marxism, and contemporary politics. Justice Is an Option is a radical, invigorating first page of a new—and sorely needed—leftist playbook.