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基本説明
A guide to the intricacies of progessional options market making and its role in options trading, speculation and risk management.
Full Description
Approaches trading from the viewpoint of market makers and the part they play in pricing, valuing and placing positions. Covers option volatility and pricing, risk analysis, spreads, strategies and tactics for the options trader, focusing on how to work successfully with market makers. Features a special section on synthetic options and the role of synthetic options market making (a role of increasing importance on the trading floor). Contains numerous graphs, charts and tables.
Contents
Economics of Option Market Making.
Options.
Option Risks.
Position Risk Profiles.
Synthetic Option Market Making.
Calendar Spread Risk.
On Strategy.
Market-Making Tactics.
Observations from the Floor.
Appendix.
References and Suggested Reading.
Index.