Pope Benedict XVI, Joseph Cardinal Ratzinger

Dynamic Hedging: Managing Vanilla and Exotic Options (Wiley Finance)

• Option Volatility & Pricing: Advanced Trading Strategies and Techniques
• The Misbehavior of Markets: A Fractal View of Financial Turbulence
• Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
• The Black Swan: Second Edition: The Impact of the Highly Improbable: With a new section: "On Robustness and Fragility"
• The Volatility Surface: A Practitioner's Guide (Wiley Finance)
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• The generalized option, which encompasses all instruments with convex payoff, including a trader's potential bonus.
• The techniques for trading exotic options, including binary, barrier, multiasset, and Asian options, as well as methods to take into account the wrinkles of actual, non-bellshaped distributions.
• Market dynamics viewed from the practitioner's vantage point, including liquidity holes, portfolio insurance, squeezes, fat tails, volatility surface, GARCH, curve evolution, static option replication, correlation instability, Pareto-Levy, regime shifts, autocorrelation of price changes, and the severe flaws in the value at risk method.
• New tools to detect risks, such as higher moment analysis, topography exposure, and nonparametric techniques.
• The path dependence of all options hedged dynamically.