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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. ...
