After his academic career he started working as trader forBarclays Capital in London. In this role he gained experience intrading many different weert products . An Introduction to Options Trading by Frans De Weert, , available at Book Depository with free delivery worldwide. Read “An Introduction to Options Trading” by Frans de Weert with Rakuten Kobo. Explaining the theory and practice of options from scratch, this book focuses on.
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The simplicity of the language and exposition make itaccessible to optios wide spectrum of interested readers, especially tooption traders. Although no rigorous mathematics is discussed inthis book, the formulas used are well motivated andexplained. An Introduction to Options Trading is one of the firstbooks to explain where the profit of option traders really comesfrom.
Although people usually assume that this profit relates tobid-offer spreads, this book actually shows that there is a muchmore sophisticated way of making money when trading options. This book shows why investors use option structures to satisfytheir needs, and what practical implications these optionstructures have on the trader.
Throughout the book real-life examples willbe used to explain the practicalities of options bringing thetheory behind options to life. The book frwns give the reader anunderstanding of the incredible potential of making money throughoptions and will equip him with the necessary tools to deal withoptions in practice. Frans de Weert is mathematician by training who is currentlyworking as an equity derivatives trader at Barclays Capital, NewYork.
After obtaining his masters in Mathematics, specializing inprobability theory introductiln financial mathematics at the University ofUtrecht, he went on to do a research degree, M. Phil, in probabilitytheory at the University of Manchester. After his academic career he pptions working as trader forBarclays Capital in London. In this role he gained experience intrading many different derivative products on European and Americanequities.
Inteoduction de Weert lives in New York city. Would you like to tell us about a lower price? If you are a seller for this product, would you like to suggest updates through seller support? Explaining the theory and weerrt of options from scratch, this book focuses on the practical side of options trading, and deals with hedging of options and how options traders earn money by doing so.
Common terms in option theory are explained and readers are shown how they relate to profit. The book gives the necessary tools to deal with options in practice and it includes mathematical formulae to lift explanations from a superficial level.
Throughout the book real-life examples will illustrate why inrtoduction use option structures to satisfy their needs. Read more Read less.
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Page 1 of 1 Start inntroduction Page 1 of 1. Pricing and Volatility Strategies and Techniques. Exotic Options and Hybrids: A Guide to Structuring, Pricing and Trading. Wiley; 1 edition August 21, Language: Don’t have a Kindle? Try the Kindle inroduction and experience these great reading features: Share your thoughts with other customers.
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An Introduction to Options Trading
Top Reviews Most recent Top Reviews. There was a problem filtering reviews right now. Please try again later. Given the other reviews of this book, I was very much looking forward to receiving this book. My disappointment was enormous. This book reads like a hastily thrown together Master’s thesis that, with its multiple uses of examples directly from Hull adds little to the literature of options theory.
Although it has some basic mathematical material high school calculus level expositionintrodution sections are sloppily written and often fail to define terms.
For example, in Chapter 2 on the Black-Scholes formula, N x is stated as “the standard normal distribution” without defining the function. Now the normal distribution is well enough optiona, but there are different normalizations so how do I know which particular one he is using? Only later in Eqn. But here there is a massive typo in the formula so it’s not really a compensation.
But what’s worse is that in spite of its title, the book has little practical knowledge to impart on how options are actually traded and how they actually perform under real market conditions. A very useful book would have presented real trading scenarios and tracked them through the gyrations of price and volatility to their maturity to show how REAL options perform in a REAL market. Instead, this book has examples with 0. Chapter 10, “Several options strategies”, reads like a sparse Chinese menu of options plays, each with a pathetically simple example that anyone can find in the most basic Wikipedia articles.
There is no discussion of the actual situations that these strategies are used in, nor of the possible outcomes of each optlons with variable market conditions. But my favorite “example” is on page where De Weert poses the scenario “Consider an investor who knows that TomTom is due to come out with a statement that will be a real market mover.
Again, this example is useless to the real individual investor who can’t possibly “know” such things. I guess if you’re an insider trading criminal, this is the book for you! I’m not an insider trading criminal.
I’m a professional physicist. And if a student of mine submitted this as a thesis project I would feel generous in giving it a B- grade, based on the shoddy mathematical treatments and ab almost laughable simplicity of the illustrations and plots used in the book. To be fair, other “introductory” options book out there are even more simple minded and useless to the technical investor.
This book will introductioh help you AT ALL to learn how best to use these extremely dangerous financial power tools in the real world. It will show you the most basic elements of the Black-Scholes formula and has some worthwhile examples discussing the greeks and hedging, but for the most part I kept thinking this book was a rather light effort by an average mathematics student who was never allowed on the trading floor. Very easy to read and well written.
It’s a good book. Its not mathematical intensive so its suitable for beginners.
Advance learners and practitioners can gain some insights from this book as well as Frans seeks to explain things intuitively rather than mathematically. Good book to have on the shelf for refresher. However this book is very expensive and rather short.
One person found this helpful. Inyroduction a professional equity derivatives trader I have recommend this book to many of my associates and trainees. This book is the most powerful book on options as it makes the dynamics of introductlon intuitive by focussing on its economics while at the same time providing the mathematics behind it.
All this is achieved by using real life investment strategies as examples. The culmination of this book is that it shows the relation between all the Greeks and the profit of a delta hedged option. The book can easily be used as a manual for traders as it gives guidelines as to when to early exercise options and the correlation exposure of composite or quanto option to name just two tradding.
Any trader or sales man in investment banking should use this as a manual. This book is a truly excellent options introduction. I have used it as a complement to both Hull’s text and Wilmott’s text, and it has really solidified my understanding. I introductioon, highly recommend this book. See all 5 reviews.
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An Introduction to Options Trading (eBook, PDF)
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AN INTRODUCTION TO OPTIONS TRADING. Frans de Weert – PDF
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