Option Volatility and Pricing

Nhà cung cấp McGraw-Hill
Tác giả Sheldon Natenberg
document.converter McGraw-Hill
Người dịch McGraw-Hill
NXB 588
Ngôn ngữ English
Năm xuất bản 2015

Giới thiệu về sách

Much has changed in option markets over the last 20 years. Most markets are now fully electronic, and the days of floor trading are clearly numbered. Only in the United States do option-trading floors still exist, and even those are inevitably giving way to electronic trading. Twenty years ago, organized option markets existed only in the major industrialized nations.

But as the importance of derivatives as both an investment vehicle and a risk-management tool has become widely recognized, new option markets have opened in countries around the world. Options are now traded not only on traditional products—stocks, interest rates, commodities, and foreign currencies—but also on a bewildering array of new products—real estate, pollution, weather, inflation, and insurance. Many exchanges have also added variations on traditional products—short-term and midcurve options, flex options, options on spreads, and implied and realized volatility contracts.