LEADER 04757nam 2200673 450 001 996197522403316 005 20211022232450.0 010 $a1-118-52404-7 010 $a1-118-41663-5 010 $a1-283-86930-6 010 $a1-118-42021-7 035 $a(CKB)2550000000709524 035 $a(EBL)1093953 035 $a(SSID)ssj0000785240 035 $a(PQKBManifestationID)11443172 035 $a(PQKBTitleCode)TC0000785240 035 $a(PQKBWorkID)10793918 035 $a(MiAaPQ)EBC1093953 035 $a(DLC) 2012039392 035 $a(CaSebORM)9781118416631 035 $a(OCoLC)811427144 035 $a(EXLCZ)992550000000709524 100 $a20140128h20132013 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aTrading options in turbulent markets $emaster uncertainty through active volatility management /$fLarry Shover ; cover design by C. Wallace 205 $a2nd ed. 210 1$aHoboken, New Jersey :$cBloomberg Press,$d2013. 210 4$dİ2013 215 $a1 online resource (302 p.) 225 0 $aBloomberg financial series 300 $aIncludes index. 311 $a1-118-34354-9 327 $aTrading Options in Turbulent Markets: Master Uncertainty through Active Volatility Management; Copyright; Contents; Preface; Acknowledgments; Introduction; Part I: Understanding the Relationship between Market Turbulence and Option Volatility; Chapter 1: Managing Risk and Uncertainty with Options; What Is Risk?; What Is Uncertainty?; Seven Lessons Learned from Market Volatility; Lesson One; Lesson Two; Lesson Three; Lesson Four; Lesson Five; Lesson Six; Lesson Seven; Lessons Summary; Understanding Derivatives; Options Defined; Futures Defined; Understanding Options 327 $aThe Six Benefits of OptionsBenefit One: The Ability to Leverage; Benefit Two: Creating Market Efficiency; Benefit Three: Cost Efficiency; Benefit Four: 24/7 Protection; Benefit Five: Flexibility; Benefit Six: Trading Additional Dimensions; Chapter 2: Making Sense of Volatility in Options Trading; Volatility as an Asset Class; How Does Volatility Work?; Analyzing Volatility with Implied Volatility; What Does Implied Volatility Reveal?; Making Trading Decisions Based on the Disparity between Historical and Implied Volatility; Appreciating Volatility for All It Is Worth 327 $aHow Volatility Really Works on the Trading FloorVolatility and Uncertainty: Lessons for the Irrational Option Trader; Varieties of Option Volatility Trading; Chapter 3: Working with Volatility to Make Investment Decisions; On Predicting the Future; Starting with Historical Volatility; Calculating Historical Volatility; Implied Volatility; Calculating Implied Volatility; Why Do Volatilities Increase as Equities Fall?; Implied versus Historical Volatility; Justification for the Disparity between Historical and Implied Volatility; Chapter 4: Volatility Skew: Smile or Smirk? 327 $aConsidering Some ExamplesA Primer on Random Walk and Normal Distribution; Dealing with the Higher Moments of the Normal Distribution; Skew Is High, Skew Is Low. So What?; Does a ""Flat"" or ""Steep"" Skew Predict the Future?; A Fair Warning about Thinking about Skew too Much; Chapter 5: Fixated on Volatility and the VIX: What Is Volatility, Anyhow?; What We (Think) We Know; Definitions of VIX; Grasping the VIX Index; VIX-A (Very) Brief History; VIX: Calculation and Interpretation with a Simple Calculator; Important Insights on the VIX Index; What Does the VIX Tell Us? 327 $aDelta, Position Delta, Volatility, and the Professional Trader 330 $aTop options expert Larry Shover returns to discuss how to interpret, and profit from, market volatility Trading Options in Turbulent Markets, Second Edition skillfully explains the intricacies of options volatility and shows you how to use options to cope, and profit from, market turbulence. Throughout this new edition, options expert Larry Shover reveals how to use historical volatility to predict future volatility for a security and addresses how you can utilize that knowledge to make better trading decisions. Along the way, he also defines the so-called Greeks-delta, vega, 410 0$aBloomberg Financial 606 $aOptions (Finance) 606 $aRisk management 615 0$aOptions (Finance) 615 0$aRisk management. 676 $a332.64/53 676 $a332.642 676 $a332.6453 700 $aShover$b Larry$0886530 701 $aWallace$b C$0861520 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a996197522403316 996 $aTrading options in turbulent markets$92215755 997 $aUNISA