Product Description
As the financial world grows more intricate and interlocked, exotic options are taking on greater importance as a way to tailor a financial instrument to meet specific needs. This text explains the theory and applications of virtually every type of exotic option.
From the Back Cover
Discover the Mechanics Behind'and the Uses of'Today's Most Versatile and Profitable Tools. For both risk hedging or capital appreciation, exotic options have become the ideal investment for many different classes of investors, including: Traders fighting for maximum return potential with lowered risk; Corporate executives looking to hedge risk in their foreign currency exposure; Derivatives dealers seeking dynamic new products to offer their clients; Investors who wish to take positions on the equity markets. But what are the different types of exotic options, which types work best for different situations, and exactly how is each one traded? Pricing, Hedging, and Trading Exotic Options cuts straight to the point, clearly explaining the theory and application of virtually every type of exotic option. In this long-awaited, remarkably comprehensive reference, leading exotic options authority Israel Nelken provides detailed explanations and step-by-step trading scenarios for over 20 types of exotic options, including: Barrier Options; Quanto Options; Basket Options; Spread Options; Chooser Options; Compound Options; Asian Options; Bermudan Options; Binary Options; Ladder Options; One Touch Options; Shout Options; Forward Start Options; Contingent Premium Options, Caps, and Floors; Ratchet Options; Double Barrier Options; Lookback Options; Interest Rate Options; Outperformance Options; Correlation and Rainbow Options. Discover which types of exotic options are designed for your specific market requirements'and how to put them to work for you today'with Israel Nelken's Pricing, Hedging, and Trading Exotic Options.