A Trader’s Guide to Options:
Volume 1 –
Products, Pricing, & Structuring
Available at the
pages, much software)
This is Volume 1 of the TG2 Options Set (see
other volumes here).
This book focuses primarily on vanilla options/markets and provides real world and P&L oriented descriptions and
explanations of who uses which instruments/structures, and why/how they
use them. This paves the way for detailed discussion on how
sell, trade, and structure these products.
Volume 1 covers all important elements for
pricing, trading, selling, structuring, and risk management geared
toward market professionals on trading floors and treasuries alike.
The book contains considerable material also on position keeping,
with comprehensive position keeping/trading is provided in Volume 2, and the
other volumes in the "options set" such as ,
[8a], ... up to
[10b] (see here for EntireList
This book is a prerequisite for Volume 2, and for the related
contingent, structured, and hybrid products.
See Reviews HERE
This book closely supports
the ARTSchool Seminars: seminar delegates receive complementary copies
(contact us for details).
The TG2 Options Volume
1 is the "pricing/using" component of the 2-volume set (ToC is available
Key elements and objectives are:
To provide a clear understanding of the business
of trading, participants, and the business objectives of each
To provide, both a qualitative, and quantitative description of important
vanilla options and structures/combo's both from an economic need/end
user perspective, and also from a trading, position keeping perspective.
To provide "market professional" lever valuation machinery, and the
related risk measurement and rebalancing methodologies, with the usual
special attention to real world mattes (including liquidity,
transactions costs, etc.). It is not enough to know that the
Greek's exist, or how to calculate any one of them, a professional must
know how those valuations/choices impact risk and P&L, and how "reality
impact" may introduce unexpected/unwanted effects into the P&L.
To provide an extensive treatment of volatility in its many forms and how
those interact with each other, options valuation, and position keeping.
Most important, to provide detailed step-by-step analysis of entire
holding period trading strategies, show how one may assess the
costs/benefits of one strategy over another, and to do so using a
holding period risk-adjusted P&L optimal strategy (via PaR
forward/backward analysis). These analysis illustrate much insight
into rebalancing strategies, and also compare results predicted by
theory vs. those based in reality, with many important conclusions.
To include substantial software, calculators, and "analytics packages",
such as an options position valuation package, and Version 2 of ART's
Pr/rOXL (r) Lite Educational PaR analytics package permitting
holding period optimal P&L strategy selection.
Special copies available see
HERE, or contact
Don't forget, some
are included with ARTWare
software, and ARTSchool Seminars,
so be sure to contact us for specials, bundles, etc.
Please Note: This book is
closely connected with the TG2RM1st book,
which is required to understand the (correct)
business management issues and context. There are discounts for registered owners,
and especially for "bundled" purchases. The TG2QM books are one of the
few books in the TG2 Series that do not require the TG2RM1st as a
prerequisite, but is very strongly suggested.
Corporate Editions: ART also produces specialized
one-off books and monographs for customized client applications whether it
be for internal training purposes, to assist with marketing efforts, or with any
If you need advanced copies or have
other special requirements, write to
Available at the
pages, much software)
See the entire
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Some discounts may not be taken in conjunction with other discounts