Beagles Equity and Index Options Explained

1. Auflage 2009
ISBN: 978-0-470-74819-0
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 272 Seiten, E-Book

Reihe: Wiley Trading Series

In 2007 over 400 million equity option contracts weretraded but it is a volatile market, prices are ever changingwith supply and demand - the only certainty is that they willchange. With little knowledge or experience, an uninformeddecision can quickly drain capital. This book explains equityoptions from absolute basics, assuming no prior knowledge of thesubject. It shows traders starting out and already using theexchanges how to enhance their equity portfolio by using the wholerange of investment opportunities and tools available. Thiswill help investors to reduce their costs, enhance returns andmanage price risk with certainty and precision.
* Equity Options Explained is a practical guide to trading equityoptions, supported by Liffe (part of the NYSE Euronext exchangegroup).
* Written by Bill Beagles, a well known, highly experiencedtrader and trainer, creating a unique combination in thisarea. Bill is still highly active in the markets, whichbrings a practical perspective to his training and the books.

Autoren/Hrsg.

Beagles, W. A.

Inhaltsverzeichnis

Foreword.
Preface: Trading Language and Products.
1 Option Basics.
2 Option Specifications.
3 Exercise and Assignment.
4 Option Uses.
5 Option Price and Value.
6 "Moneyness".
7 Pricing Options.
8 Skew.
9 Option Pricing Revisited: the "Greeks".
10 Basic Option Strategy.
11 Option Spreads.
12 The Collar (Fence).
13 Long Call Spreads (Bull Call Spreads).
14 Long Put Spreads (Bear Put Spreads).
15 Short Call Spreads (Bear Call Spreads).
16 Short Put Spreads (Bull Put Spreads).
17 Selling Naked Puts versus Selling Put Spreads.
18 Long Verticals versus Short Verticals.
19 Long Straddles.
20 Long Strangles.
21 Short Straddles.
22 The Iron Butterfly.
23 Short Strangles.
24 The Iron Condor.
25 Calendar Spreads.
26 Long Call Calendars.
27 Short Call Calendar Spreads.
28 Long Put Calendar Spreads.
29 Short Put Calendar Spreads.
30 Diagonal Spreads.
31 Yield Enhancement.
32 Gamma Trading.
33 Resources.
34 Summary.
Glossary.
Index.

Über Autor(innen)

W.A. Beagles graduated in economics in 1984, before startinghis City career with Lloyds Bank as an FX trader and going on tohelp establish the bank's presence on the LIFFE tradingfloor. In 1986, Bill joined AOT, a specialist option trading firm,for whom he traded a range of option products on LIFFE and LTOM inLondon, the MATIF in Paris, the EOE in Amsterdam and the electronicDTB (fore-runner of Eurex) in Germany. Following in the footstepsof many successful traders before him, Bill "wentlocal" in 1994, making markets in the FTSE 100 Index optionon LIFFE. When the open outcry trading floor closed in 2000, Billhad the honour of ringing the closing bell for the final time.
Joining up with Simon Hart and Andy Swaine, two long termfriends and fellow traders, Bill then set up K2 London, a tradingcompany that combines day-to-day derivatives trading with fundmanagement, education and consultancy. Since 2000, Bill hasprovided specialised education and consulting services to a widerange of institutions including LIFFE and the LSE in London and toa range of government agencies and major companies across theglobe.
Bill's combination of current market knowledge andeducational experience allows him to present the complex subject ofoptions in a clear and intuitive fashion.