Read more
Informationen zum Autor Peter James and Peter G. van der Veen. Assistant editor Robert M. Porter Klappentext A unified development of the subject, presenting the theory of options in each of the different forms and stressing the equivalence between each of the methodologies.* Demystifies some of the more complex topics.* Derives practical, tangible results using the theory, to help practitioners in problem solving.* Applies the results obtained to the analysis and pricing of options in the equity, currency, commodity and interest rate markets.* Gives the reader the analytical tools and technical jargon to understand the current technical literature available.* Provides a user-friendly reference on option theory for practicing investors and traders. Zusammenfassung Options are a financial instrument that allows the purchaser of the option to either buy or sell shares or commodities on a specified date in the future, but there is no obligation to do so (hence, option). The purchaser must pay a premium to the seller but should the market go against the purchaser there is no requirement to exercise the right. Inhaltsverzeichnis Preface. PART I: ELEMENTS OF OPTION THEORY. Fundamentals. Option Basics. Stock Price Distribution. Principles of Option Pricing. The Black Scholes Model. American Options. PART II: NUMERICAL METHODS. The Binomial Model. Numerical Solutions of the Black Scholes Equation. Variable Volatility. Monte Carlo. PART III: APPLICATIONS: EXOTIC OPTIONS. Simple Exotics. Two Asset Options. Currency Translated Options. Options on One Asset at Two Points in Time. Barriers: Simple European Options. Barriers: Advanced Options. Asian Options. Passport Options. PART IV: STOCHASTIC THEORY. Arbitrage. Discrete Time Models. Brownian Motion. Transition to Continuous Time. Stochastic Calculus. Equivalent Measures. Axiomatic Option Theory. Mathematical Appendix. Bibliography and References. Index. ...
List of contents
Preface.
Part 1 Elements of Option Theory.
Fundamentals.
Option Basics.
Stock Price Distribution.
Principles of Option Pricing.
The Black Scholes Method.
American Options.
Part 2 Numerical Methods.
The Binomial Model.
Numerical Solutions of the Black Scholes Equation.
Variable Volatility.
Monte Carlo.
Part 3 Applications: Exotic Options.
Simple Exotics.
Two Asset Options.
Currency Translated Optons.
Options on One Asset at Two Points in Time.
Barriers: Simple European Options.
Barriers: Advanced Options.
Asian Options.
Passport Options.
Part 4 Stochastic Theory.
Arbitrage.
Discrete Time Models.
Brownian Motion.
Transition to Continuous Time.
Stochastic Calculus.
Equivalent Measures.
Axiomatic Option Theory.
Mathematical Appendix.
Bibliography and References.
Index.
