ENGLISH

Exotic Options Trading (The Wiley Finance Series)

By Frans de Weert

Book information

Publisher
Wiley
Year
2008
ISBN
0470517905, 9780470517901, 9780470756317
LCC
HG6024.A3 D437 2008
Open Library ID
OL10295963M
Language
english
Format
PDF
Filesize
2 MB (1738406 bytes)
Series
The Wiley Finance Series
Pages
204\204
Topic
Economy
Time added
2010-08-30 15:18:36
Финансово-экономические дисциплины;Финансовая мате

Description

Weert's book is an advanced foray into the use and pricing of exotic options. Where these are broadly defined to be those options whose payoffs can't be duplicated by normal options.

The main dependencies of option pricing are studied. Above all, the interest rate. Though for those knowing calculus, the text says that this is merely the partial derivative of the option price with respect to the interest rate. See how simple life gets, if you know calculus.

Option strategies like call and put spreads are explained. These may be familiar terms to you, if you have used normal options. But elaborations arise when dealing with exotics.

The text seems to deliberately minimise the complex maths involved in modelling pricing. Perhaps out of a desire to attract a broad readership?

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