Pricing, Hedging, And Trading Exotic Options: Understand The Intricacies Of Exotic Options And How To Use Them To Maximum Advantage (Irwin Library Of Investment & Finance)

Pricing, Hedging, and Trading Exotic Options: Understand the Intricacies of Exotic Options and How to Use Them to Maximum Advantage (Irwin Library of Investment & Finance)

From the Back Cover Discover the Mechanics Behindand the Uses ofToday's Most Versatile and Profitable Tools.For both risk hedging or capital appreciation, exotic options have become the ideal investment for many different classes of investors, including: Traders fighting for maximum return potential with lowered risk; Corporate executives looking to hedge risk in their foreign currency exposure; Derivatives dealers seeking dynamic new products to offer their clients; Investors who wish to take positions on the equity markets. But what are the different types of exotic options, which types work best for different situations, and exactly how is each one traded? Pricing, Hedging, and Trading Exotic Options cuts straight to the point, clearly explaining the theory and application of virtually every type of exotic option. In this long-awaited, remarkably comprehensive reference, leading exotic options authority Israel Nelken provides detailed explanations and step-by-step trading scenarios for over 20 types of exotic options, including: Barrier Options; Quanto Options; Basket Options; Spread Options; Chooser Options; Compound Options; Asian Options; Bermudan Options; Binary Options; Ladder Options; One Touch Options; Shout Options; Forward Start Options; Contingent Premium Options, Caps, and Floors; Ratchet Options; Double Barrier Options; Lookback Options; Interest Rate Options; Outperformance Options; Correlation and Rainbow Options. Discover which types of exotic options are designed for your specific market requirementsand how to put them to work for you todaywith Israel Nelken's Pricing, Hedging, and Trading Exotic Options. Exotic options have become indispensable to financial professionals. This book explains: the theory and application of virtually every type of exotic option. Benefits and potential risks inherent in each type. Proven, effective hedging and trading strategies.