Fundamentals of the options market:
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Berkeley, Calif. <<[u.a.]>>
Osborne McGraw-Hill
2001
|
| Subjects: | |
| Online Access: | Publisher description Table of contents Inhaltsverzeichnis |
| Physical Description: | XXIII, 340 S. graph. Darst. |
| ISBN: | 0071363181 |
Staff View
MARC
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| 245 | 1 | 0 | |a Fundamentals of the options market |c Michael S. Williams [and Amy Hoffman] |
| 264 | 1 | |a Berkeley, Calif. <<[u.a.]>> |b Osborne McGraw-Hill |c 2001 | |
| 300 | |a XXIII, 340 S. |b graph. Darst. | ||
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| 700 | 1 | |a Hoffman, Amy |e Verfasser |0 (DE-588)133035301 |4 aut | |
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Record in the Search Index
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| adam_text | Contents
Introduction xvii
1. Introduction to Options 1
Why Stock Options? History of Options The Earliest History
The Birth and Rise of Today s Options Industry Options: A
Conceptual Overview Example: Undeveloped Land Example:
Property I Health Insurance
2. Characteristics of Stock Options 9
Introduction Underlying Security The Two Types of Stock
Options Call Option Put Option Strike Price I Exercise Price
Expiration Cycle Unit of Trade I Contract Size Option Styles
Option Styles: LEAPS and FLEX Options Option Class
Reading Options Quotes Quiz
3. Building Blocks 25
Introduction Long Stock Short Stock Long Call Short
Call Long Put Short Put Graphing an Option Position
Quiz
4. Pricing Options 37
Introduction Option Status Relative to the Underlying Stock
ITM ATM OTM Factors Affecting the Price of an Option
Extrinsic Value Pricing Models: An Overview Pricing Model
Variables Theoretical Value versus the Marketplace
Summary Quiz
5. Option Volatility 55
Introduction Measures of Volatility Factors Influencing
Implied Volatility The Importance of Implied Volatility
Volatility s Impact on the Pricing Model Pricing Models and
Price Movement Mean Standard Deviation Volatility,
Standard Deviation, and Mean Pricing Models and Option
Theoretical Value Summary Quiz
6. Introduction to Synthetics 71
Introduction Examples Pricing Synthetics The Synthetic
Triangle Conversion/Reversal Conversion/Reversal and
Free Money Conversion /Reversal Risks Interest-Rate Risk
Closing at the Strike Summary Quiz
xii Contents
7. The Greeks 85
Introduction The Greeks Delta Probability of an ITM
Finish upon Expiration Delta and Time The Trouble with
Deltas Gamma Gamma and Time Theta Rho Vega
Vega and Time Summary Quiz
8. Position Trading 107
Introduction Panic Sell-Off Expectation: The Bounce Market
Maker General Observations on Position Trading Directional
Risk Hedging Delta Neutral versus Contract Neutral
Spreading Hedging Summary
9. Option Strategies 125
Introduction Market Outlooks Spreads Legging Bullish
Strategies Bullish: Long Stock Bullish Long Stock (Margined)
Bullish Long Calls Leveraged Risk The Delta Position
Managing the Position A Moderately Bullish Bull Spread Call
Bull Spread Put Bull Spread Bullish: Ratio Bull Spread
(Long) Managing the Position Bearish Strategies Bearish:
Short Stock Bearish: Long Puts Leveraged Risk The Delta
Position Managing the Position Moderately Bearish: Bear
Spread Put Bear Spread Call Bear Spread Bearish: Ratio
Bear Spread (Long) Managing the Position Neutral Strategies
Covered Call Writing I Buy Write Long-Term Strategy Short-
Term Strategy Bull Spread Covered Write I Buy Write
Horizontal Calendar Spread Diagonal Calendar Spread
Straddle (Short) Managing the Position Strangle (Short)
Managing the Position Ratio Bull Spread (Short) Ratio Bear
Spread (Short) Volatile Strategies ( Backspread ) Straddle
(Long) Market Risks: Analyzing the Greeks Managing a Long
Straddle Market Risks: Analyzing the Greeks Managing a Long
Strangle Volatile Strategy Summary The Truth about
Butterflies Neutral Strategies Volatile Strategies Summary
Risk-Reduction Strategies Protecting Unrealized Profit
Married Puts Risk Collar /Fence Long Underlying Security
(Risk Collar/Fence) Short Underlying Security (Risk Collar)
Quiz
10. Market Making 231
Introduction Who Are Market Makers? Individual Trader
versus Market Maker Trading Styles Backspreader
Frontspreader Market Maker Trading: An Overview Market
Making As a Business A Market Maker s Complex Positioning
Profit and Hedging
Chapter Title xiii
11. The Marketplace 243
Introduction to Stocks Historical Quotes Real-Time Quotes
Reading Stock Quotes The Exchanges The Specialist System
NASDAQ and the Market-Maker System Options Exchanges
Rules of the Option Exchange The Exchange Floor Staff and
Members The Exchange Staff Stock Firms / Clerks Analyzing
the Marketplace Fundamental Analysis CBOE Volatility
Index—VIX Put-to-Call Ratio Indices Weighting Indices
Using Indices
12. Getting Started 265
Introduction Trading Stock Executing New York Stock
Exchange (NYSE) Orders Executing NASDAQ Stock Executing
NASDAQ Orders Options Execution Electronic Floor Broker
Execution Auto-Execution Trading Accounts The
Exercise /Assignment Process Trade Station The Brokers and
Brokerage Firms Questions to Ask Brokerage Firms Data
Providers
A. Order Types 285
All-or-None (AON) Order Day Order Market Order (MKT)
Stop Orders Fill-or-Kill (FOK) Order Good-Until-Canceled
(GTC) Order Limit Order Market-on-Close (MOC) Order
Market-if-Touched (MIT) Order
B. Strategy Formulas 289
Married Put Protecting Unrealized Profit Covered Call
Potential Bull Spread (Long Call Spread) Bull Spread
(Short Put Spread) Bear Spread (Long Put Spread) Bear
Spread (Short Call Spread) Ratio Bull Spread (Long) Ratio
Bull Spread (Short) Ratio Bear Spread (Long) Ratio Bear
Spread (Short) Long Straddle Short Straddle Long Strangle
Short Strangle Long Butterfly Short Butterfly Long Iron
Butterfly Short Iron Butterfly Long Condor Short Condor
Risk Collar/Fence (Risk Conversion) Risk Collar/Fence (Risk
Reversal)
C. Indices 295
Sector Indices Broad-Based Indices Foreign Market Indices
D. Expiration Cycles 299
E. Fractions to Decimal Conversion Chart 303
F. The Options Clearing Corporation (OCC) 305
Introduction Stock Options Exchanges
G. Intrinsic and Premium Formulas 307
Introduction Call Intrinsic Value Put Intrinsic Value
Call Premium Value Put Premium Value
H. The Black-Scholes Model 309
Introduction The Binomial Model
I. Quiz Answers 311
Glossary 319
Index 333
|
| adam_txt |
Contents
Introduction xvii
1. Introduction to Options 1
Why Stock Options? History of Options The Earliest History
The Birth and Rise of Today's Options Industry Options: A
Conceptual Overview Example: Undeveloped Land Example:
Property I Health Insurance
2. Characteristics of Stock Options 9
Introduction Underlying Security The Two Types of Stock
Options Call Option Put Option Strike Price I Exercise Price
Expiration Cycle Unit of Trade I Contract Size Option Styles
Option Styles: LEAPS and FLEX Options Option Class
Reading Options Quotes Quiz
3. Building Blocks 25
Introduction Long Stock Short Stock Long Call Short
Call Long Put Short Put Graphing an Option Position
Quiz
4. Pricing Options 37
Introduction Option Status Relative to the Underlying Stock
ITM ATM OTM Factors Affecting the Price of an Option
Extrinsic Value Pricing Models: An Overview Pricing Model
Variables Theoretical Value versus the Marketplace
Summary Quiz
5. Option Volatility 55
Introduction Measures of Volatility Factors Influencing
Implied Volatility The Importance of Implied Volatility
Volatility's Impact on the Pricing Model Pricing Models and
Price Movement Mean Standard Deviation Volatility,
Standard Deviation, and Mean Pricing Models and Option
Theoretical Value Summary Quiz
6. Introduction to Synthetics 71
Introduction Examples Pricing Synthetics The Synthetic
Triangle Conversion/Reversal Conversion/Reversal and
Free Money Conversion /Reversal Risks Interest-Rate Risk
Closing at the Strike Summary Quiz
xii Contents
7. The Greeks 85
Introduction The Greeks Delta Probability of an ITM
Finish upon Expiration Delta and Time The Trouble with
Deltas Gamma Gamma and Time Theta Rho Vega
Vega and Time Summary Quiz
8. Position Trading 107
Introduction Panic Sell-Off Expectation: The Bounce Market
Maker General Observations on Position Trading Directional
Risk Hedging Delta Neutral versus Contract Neutral
Spreading Hedging Summary
9. Option Strategies 125
Introduction Market Outlooks Spreads Legging Bullish
Strategies Bullish: Long Stock Bullish Long Stock (Margined)
Bullish Long Calls Leveraged Risk The Delta Position
Managing the Position A Moderately Bullish Bull Spread Call
Bull Spread Put Bull Spread Bullish: Ratio Bull Spread
(Long) Managing the Position Bearish Strategies Bearish:
Short Stock Bearish: Long Puts Leveraged Risk The Delta
Position Managing the Position Moderately Bearish: Bear
Spread Put Bear Spread Call Bear Spread Bearish: Ratio
Bear Spread (Long) Managing the Position Neutral Strategies
Covered Call Writing I Buy Write Long-Term Strategy Short-
Term Strategy Bull Spread Covered Write I Buy Write
Horizontal Calendar Spread Diagonal Calendar Spread
Straddle (Short) Managing the Position Strangle (Short)
Managing the Position Ratio Bull Spread (Short) Ratio Bear
Spread (Short) Volatile Strategies ("Backspread") Straddle
(Long) Market Risks: Analyzing the Greeks Managing a Long
Straddle Market Risks: Analyzing the Greeks Managing a Long
Strangle Volatile Strategy Summary The Truth about
Butterflies Neutral Strategies Volatile Strategies Summary
Risk-Reduction Strategies Protecting Unrealized Profit
Married Puts Risk Collar /Fence Long Underlying Security
(Risk Collar/Fence) Short Underlying Security (Risk Collar)
Quiz
10. Market Making 231
Introduction Who Are Market Makers? Individual Trader
versus Market Maker Trading Styles Backspreader
Frontspreader Market Maker Trading: An Overview Market
Making As a Business A Market Maker's Complex Positioning
Profit and Hedging
Chapter Title xiii
11. The Marketplace 243
Introduction to Stocks Historical Quotes Real-Time Quotes
Reading Stock Quotes The Exchanges The Specialist System
NASDAQ and the Market-Maker System Options Exchanges
Rules of the Option Exchange The Exchange Floor Staff and
Members The Exchange Staff Stock Firms / Clerks Analyzing
the Marketplace Fundamental Analysis CBOE Volatility
Index—VIX Put-to-Call Ratio Indices Weighting Indices
Using Indices
12. Getting Started 265
Introduction Trading Stock Executing New York Stock
Exchange (NYSE) Orders Executing NASDAQ Stock Executing
NASDAQ Orders Options Execution Electronic Floor Broker
Execution Auto-Execution Trading Accounts The
Exercise /Assignment Process Trade Station The Brokers and
Brokerage Firms Questions to Ask Brokerage Firms Data
Providers
A. Order Types 285
All-or-None (AON) Order Day Order Market Order (MKT)
Stop Orders Fill-or-Kill (FOK) Order Good-Until-Canceled
(GTC) Order Limit Order Market-on-Close (MOC) Order
Market-if-Touched (MIT) Order
B. Strategy Formulas 289
Married Put Protecting Unrealized Profit Covered Call
Potential Bull Spread (Long Call Spread) Bull Spread
(Short Put Spread) Bear Spread (Long Put Spread) Bear
Spread (Short Call Spread) Ratio Bull Spread (Long) Ratio
Bull Spread (Short) Ratio Bear Spread (Long) Ratio Bear
Spread (Short) Long Straddle Short Straddle Long Strangle
Short Strangle Long Butterfly Short Butterfly Long Iron
Butterfly Short Iron Butterfly Long Condor Short Condor
Risk Collar/Fence (Risk Conversion) Risk Collar/Fence (Risk
Reversal)
C. Indices 295
Sector Indices Broad-Based Indices Foreign Market Indices
D. Expiration Cycles 299
E. Fractions to Decimal Conversion Chart 303
F. The Options Clearing Corporation (OCC) 305
Introduction Stock Options Exchanges
G. Intrinsic and Premium Formulas 307
Introduction Call Intrinsic Value Put Intrinsic Value
Call Premium Value Put Premium Value
H. The Black-Scholes Model 309
Introduction The Binomial Model
I. Quiz Answers 311
Glossary 319
Index 333 |
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| institution | BVB |
| isbn | 0071363181 |
| language | English |
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| spelling | Williams, Michael Verfasser (DE-588)132191555 aut Fundamentals of the options market Michael S. Williams [and Amy Hoffman] Berkeley, Calif. <<[u.a.]>> Osborne McGraw-Hill 2001 XXIII, 340 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Stock options Hoffman, Amy Verfasser (DE-588)133035301 aut http://www.loc.gov/catdir/description/mh021/00062221.html Publisher description http://www.loc.gov/catdir/toc/mh021/00062221.html Table of contents HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016843044&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Williams, Michael Hoffman, Amy Fundamentals of the options market Stock options |
| title | Fundamentals of the options market |
| title_auth | Fundamentals of the options market |
| title_exact_search | Fundamentals of the options market |
| title_exact_search_txtP | Fundamentals of the options market |
| title_full | Fundamentals of the options market Michael S. Williams [and Amy Hoffman] |
| title_fullStr | Fundamentals of the options market Michael S. Williams [and Amy Hoffman] |
| title_full_unstemmed | Fundamentals of the options market Michael S. Williams [and Amy Hoffman] |
| title_short | Fundamentals of the options market |
| title_sort | fundamentals of the options market |
| topic | Stock options |
| topic_facet | Stock options |
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