The Business of Options: Time-Tested Principles and Practices
Editorial Reviews
Book Description
The Business of Options shows how to conduct a professional options business. While it addresses the principles and practices of option trading and hedging in great detail, the book is the first to do so from a management perspective. O'Connell's extensive experience in option trading, training, and consulting enables the book to offer a unique combination of sophistication, clarity and insight. Most option books that are written for professionals focus on advanced math or on specific trades. This book goes farther, incorporating broad strategic considerations and exploring the implications of likely human behavior. It often challenges conventional wisdom of "what works" in the options business. Its intuitive approach to complex issues involving options enables readers to stretch their mathematical capabilities. Its down-to-earth explanations about the business of options reflect both the optimism and skepticism of a seasoned practitioner in the option market who has, for over 20 years, advised and trained professional dealers and users of options around the world.
From the Inside Flap
Whether your firm is a dealer, a corporate hedger, or an investor, Marty O'Connell will teach you to approach your options activities as a business that must be managed as professionally as any other business. As a former options dealer, he addresses the principles and practices of successful options trading in detail. As a senior management consultant, he discusses trading, policy, risk management, and supervisory issues from an executive's perspective.
O'Connell recognizes that not all option market participants are alike. While dealers, corporate hedgers, and investors share many common concerns, tools, temptations, and experiences, they necessarily approach the business differently. O'Connell explains the essential concepts and tools important to all of them, but also tailors his lessons to the unique applications and concerns of each group.
With remarkable clarity and confidence, O'Connell will overturn much of what you might assume about the business of options. For each group of market participants, he examines the distinct processes of position selection and position management. He raises the difficult questions and trade-offs that apply to each decision and does it with the feel of a trader and the priorities of a manager.
You will sharpen your analytical skills and learn how to:
Marty O'Connell's option courses are legendary. Now, for the first time, this seasoned veteran puts his lifetime of expertise into a book for all options professionals to read. His intuitive approach to addressing complex issues enables you to stretch your mathematical capabilities.
The Business of Options is an entertainingly written, levelheaded, step-by-step tutorial. Marty O'Connell's down-to-earth style reflects both the optimism and skepticism of a practitioner who, for over 20 years, has actively known, understood, and helped professional dealers and users of options around the world.
The Business of Options: Time-Tested Principles and Practices
The Business of Options: Time-Tested Principles and Practices,Martin P. O'Connell,Wiley,0471405574,Business & Economics,Business / Economics / Finance,Business/Economics,Entrepreneurship,Finance,Futures And Options Trading,Investments & Securities - Options,Options (Finance),Business & Economics / Finance,Investment & securities
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