Derivatives Essentials 1st Edition by Aron Gottesman, ISBN-13: 978-1119163497

• Format: PDF
• Publisher: ‎ Wiley; 1st edition (July 1, 2016)
• Language: ‎ English
• 352 pages
• ISBN-10: ‎ 1119163498
• ISBN-13: ‎ 978-1119163497

Today’s derivative securities are complex and made up of many moving parts, and in order to remain effective, practitioners must have a complete working knowledge of these products. This masterfully written book presents meaningful, in-depth coverage of derivative securities products and strategies that go beyond broad descriptions. Derivatives Essentials gets you up close to the ins and outs of several key products and strategies and the reasons behind investing in them.

No other resource provides so much preparation from one of the leading minds on the subject. Through straightforward explanations brought to life with examples of how concepts actually play out in the real world, you gain a versatile mastery of conceptual and quantitative insights. Not only will you accurately use quantitative pricing and valuation models, but you will know why the models represent price and value. You will quickly be able to discuss the importance of the sensitivity measures known as the Greeks and put them to use to analyze and characterize products and strategies. You will effectively form numerous trading strategies with an expert’s confidence of knowing why you did it. Keep this everyday resource at your fingertips to:

• Effectively put into practice protective, yield-enhancing, spread, and price and volatility trading strategies, as well as create synthetic positions
• Round out your essential skillset with advanced concepts related to moneyness, the option exercise decision, put-call parity, pricing and valuation, implied volatility, and the Greeks
• Navigate the nuances of interest rate swaps, credit default swaps, cross-currency swaps, and other swaps, including swap concepts and conventions and how to transform cash flows using swaps

Sophisticated skills are not needed in statistics, finance, or math for this completely accessible resource to enable you to communicate your understanding of derivative securities in both concepts and equations. Derivatives Essentials gives practitioners the convenient balance of conceptual explanations, quantitative detail, and practical examples they need to get the most out of these products and strategies.