Iqbal, Adam S.

Volatility: Practical Options Theory

Iqbal, Adam S. - Volatility: Practical Options Theory, ebook


Ebook, ePUB with Adobe DRM
ISBN: 9781119501688
DRM Restrictions

Printing62 pages with an additional page accrued every 12 hours, capped at 62 pages
Copy to clipboard5 excerpts

Gain a deep, intuitive and technical understanding of practical options theory

The main challenges in successful options trading are conceptual, not mathematical. Volatility: Practical Options Theory provides financial professionals, academics, students and others with an intuitive as well as technical understanding of both the basic and advanced ideas in options theory to a level that facilitates practical options trading. The approach taken in this book will prove particularly valuable to options traders and other practitioners tasked with making pricing and risk management decisions in an environment where time constraints mean that simplicity and intuition are of greater value than mathematical formalism.

The most important areas of options theory, namely implied volatility, delta hedging, time value and the so-called options greeks are explored based on intuitive economic arguments alone before turning to formal models such as the seminal Black-Scholes-Merton model. The reader will understand how the model free approach and mathematical models are related to each other, their underlying theoretical assumptions and their implications to level that facilitates practical implementation.

There are several excellent mathematical descriptions of options theory, but few focus on a translational approach to convert the theory into practice. This book emphasizes the translational aspect, while first building an intuitive, technical understanding that allows market makers, portfolio managers, investment managers, risk managers, and other traders to work more effectively within—and beyond—the bounds of everyday practice.

  • Gain a deeper understanding of the assumptions underlying options theory
  • Translate theoretical ideas into practice
  • Develop a more accurate intuition for better time-constrained decision making

This book allows its readers to gain more than a superficial understanding of the mechanisms at work in options markets. Volatility gives its readers the edge by providing a true bedrock foundation upon which practical knowledge becomes stronger.


options theory; options trading; options explained; options reference; options concepts; options math; options models; options modeling; Black-Scholes-Merton model; options theory assumptions; option greeks; option volatility; delta hedging; implied volatility; trader reference; investor reference; market practitioner training; trader training; options training; options intuition; practical options theory; technical options theory; options theory basics; beginner options theory 

John Wiley and Sons, Inc.
Publication year
Wiley Finance
Page amount
208 pages

Similar titles