(Wiley Finance) 1st Edition
by Aron Gottesman (Author)
A clear, practical guide to working effectively with derivative securities products
Derivatives Essentials
is an accessible, yet detailed guide to derivative securities. With an
emphasis on mechanisms over formulas, this book promotes a greater
understanding of the topic in a straightforward manner, using
plain-English explanations. Mathematics are included, but the focus is
on comprehension and the issues that matter most to
practitioners―including the rights and obligations, terms and
conventions, opportunities and exposures, trading, motivation,
sensitivities, pricing, and valuation of each product. Coverage includes
forwards, futures, options, swaps, and related products and trading
strategies, with practical examples that demonstrate each concept in
action. The companion website provides Excel files that illustrate
pricing, valuation, sensitivities, and strategies discussed in the book,
and practice and assessment questions for each chapter allow you to
reinforce your learning and gauge the depth of your understanding.
Derivative
securities are a complex topic with many "moving parts," but
practitioners must possess a full working knowledge of these products to
use them effectively. This book promotes a truly internalized
understanding rather than rote memorization or strict quantitation, with
clear explanations and true-to-life examples.
- Understand the concepts behind derivative securities
- Delve into the nature, pricing, and offset of sensitivities
- Learn how different products are priced and valued
- Examine trading strategies and practical examples for each product
Pricing
and valuation is important, but understanding the fundamental nature of
each product is critical―it gives you the power to wield them more
effectively, and exploit their natural behaviors to achieve both short-
and long-term market goals. Derivatives Essentials provides the clarity and practical perspective you need to master the effective use of derivative securities products.