Option Market Making: Trading and Risk Analysis for the Financial and Commodity Option Markets

ISBN-13: 9780471578321 / Angielski / Twarda / 1992 / 224 str.

Allen Jan Baird;Baird

Opis

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.

Spis treści

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.

O autorze

Allen Jan Baird, PhD, is a director of equity trading responsible for training and managing proprietary traders as well as trading firm capital. He was a member of the New York Board of Trade where he was an options market maker for thirteen years. He has taught at the New York Institute of Finance and is the author of Option Market Making: Trading and Risk Analysis for the Financial and Commodity Option Markets (Wiley). He is a graduate of the University of California at Berkeley and holds a PhD from the University of Pennsylvania. He can be reached at allenjanbaird@hotmail.com.