Positional option trading an advanced guide /

"Robust Option Trading is a professional-level guide to options trading, written by an author with over twenty years of professional option trading experience. Experienced options trader will learn about: Risk, uncertainty and ignorance, model free option characteristics, the strengths and limi...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Sinclair, Euan, 1969- (Autor)
Formato: eBook
Idioma:Inglés
Publicado: Hoboken, New Jersey : Wiley, [2020]
Colección:Wiley Trading Ser.
Temas:
Options (Finance)
Financial futures.
Options (Finances)
Marchés à terme d'instruments financiers.
Financial futures
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover
  • Title Page
  • Copyright
  • Contents
  • Introduction
  • Trading as a Process
  • Summary
  • Chapter 1 Options
  • Option Pricing Models
  • Option Trading Theory
  • Conclusion
  • Summary
  • Chapter 2 The Efficient Market Hypothesis and Its Limitations
  • The Efficient Market Hypothesis
  • Aside: Alpha Decay
  • Behavioral Finance
  • High-Level Approaches: Technical Analysis and Fundamental Analysis
  • Technical Analysis
  • Fundamental Analysis
  • Conclusion
  • Summary
  • Chapter 3 Forecasting Volatility
  • Model-Driven Forecasting and Situational Forecasting
  • The GARCH Family and Trading
  • Implied Volatility as a Predictor
  • Ensemble Predictions
  • Conclusion
  • Summary
  • Chapter 4 The Variance Premium
  • Aside: The Implied Variance Premium
  • Variance Premium in Equity Indices
  • The Implied Skewness Premium
  • The Implied Correlation Premium
  • Commodities
  • Bonds
  • The VIX
  • Currencies
  • Equities
  • Reasons for the Variance Premium
  • Insurance
  • Jump Risk
  • Trading Restrictions
  • Market-Maker Inventory Risk
  • Path Dependency of Returns
  • The Problem of the Peso Problem
  • Conclusion
  • Summary
  • Chapter 5 Finding Trades with Positive Expected Value
  • Aside: Crowding
  • Trading Strategies
  • Confidence Level Three
  • Trading Strategy
  • Options and Fundamental Factors
  • Post-Earnings Announcement Drift (PEAD)
  • Trading Strategy
  • Confidence Level Two
  • Trading Equity Options over Earnings Announcements
  • Trading Strategy
  • The Overnight Effect
  • Trading Strategy
  • FOMC and Volatility
  • Trading Strategy
  • The Weekend Effect
  • Trading Strategy
  • Volatility of Volatility Risk Premia
  • Trading Strategy
  • Confidence Level One
  • Earnings-Induced Reversals
  • Trading Strategy
  • Pre-Earnings Announcement Drift
  • Trading Strategy
  • Conclusion
  • Summary
  • Chapter 6 Volatility Positions
  • Aside: Adjustment and Position "Repair"
  • Straddles and Strangles
  • Aside: Delta-Hedged Positions
  • Butterflies and Condors
  • Aside: Broken Wing Butterflies and Condors
  • Calendar Spread
  • Including Implied Volatility Skew
  • Strike Choice
  • Choosing a Hedging Strike
  • Expiration Choice
  • Conclusion
  • Summary
  • Chapter 7 Directional Option Trading
  • Subjective Option Pricing
  • A Theory of Subjective Option Pricing
  • Distribution of Option Returns: Summary Statistics
  • Strike Choice
  • Fundamental Considerations
  • Conclusion
  • Summary
  • Chapter 8 Directional Option Strategy Selection
  • Long Stock
  • Long Call
  • Long Call Spread
  • Short Put
  • Covered Calls
  • Components of Covered Call Profits
  • Covered Calls and Fundamentals
  • Short Put Spread
  • Risk Reversal
  • Aside: The Risk Reversal as a Skew Trade
  • Ratio Spreads
  • Conclusion
  • Summary
  • Chapter 9 Trade Sizing
  • The Kelly Criterion
  • Non-normal Discrete Outcomes
  • Non-normal Continuous Outcomes
  • Uncertain Parameters
  • Kelly and Drawdown Control
  • The Effect of Stops
  • Stop Placement

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