The most professional and industry relatable text currently available for linear interest rate derivatives.
Written by a practicing derivatives portfolio manager with almost twenty years of fixed income trading experience, this book focuses on core trading concepts; pricing, curve building (single and multi-currency), risk, credit and CSAs, regulations, VaR and PCA, volatility, cross-gamma, trade strategy analysis and market moving influences.
The book's focus is interest rate swaps and cross-currency swaps, updated for a risk free rate (RFR, such as SOFR and ESTR) framework as opposed to LIBOR. Topics are presented from that perspective, outlining the importance of regulations in an IRD capacity, with volatility and swaptions taught from a practical point of view rather than an overly cumbersome academic one.
This third edition (2022) markedly expands the second (2017), by not only providing extensive analysis but also building up a modern codebase, step-by-step, in Python. It constructs and solves interest rate curves and goes on to implement risk and cross-gamma calculations, demonstrating the implementation of automatic differentiation for superior efficiency. Read more at https: //github.com/attack68/book_irds3.The treatment of risk is expansive and deep. Formal analysis of market-maker techniques to accurately predict PnL, and implement multiple models to view all details of risks.
Almost everything included here is compulsory knowledge for a modern, successful, swaps trader or interest rate risk portfolio manager. Certainly this book sets the benchmark for the level of expertise that swaps traders should strive for, and the style is aimed at the novice and professional alike.
Table of Contents 1) Mathematical Review: calculus, linear algebra, statistics and optimisation.Do changes in:
jeopardize your bottom line?
Finally, it's here: a practical, straightforward book on how to manage those uncertainties. It contains clear illustrations of how futures, options, and swaps work to curb risk. Written for a businessperson by a businessperson, this handbook explains:
Hedging Demystified is an essential guide to any business that deals with commodities, debt, international trade, or weather. This primer on hedging brings clarity and direction to make your business more sustainable.
The first swap was executed over thirty years ago. Since then, the interest rate swaps and other derivative markets have grown and diversified in phenomenal directions. Derivatives are used today by a myriad of institutional investors for the purposes of risk management, expressing a view on the market, and pursuing market opportunities that are otherwise unavailable using more traditional financial instruments. In this volume, Howard Corb explores the concepts behind interest rate swaps and the many derivatives that evolved from them.
Corb's book uniquely marries academic rigor and real-world trading experience in a compelling, readable style. While it is filled with sophisticated formulas and analysis, the volume is geared toward a wide range of readers searching for an in-depth understanding of these markets. It serves as both a textbook for students and a must-have reference book for practitioners. Corb helps readers develop an intuitive feel for these products and their use in the market, providing a detailed introduction to more complicated trades and structures. Through examples of financial structuring, readers will come away with an understanding of how derivatives products are created and how they can be deconstructed and analyzed effectively.If you're worried about current market instability... then the Wheel Strategy is here to amplify your returns.
This triple income strategy has been dubbed buy and hold investing on steroids
It's so effective because you receive an immediate cash injection directly into your brokerage account.
With cash secured puts, you get paid to buy stocks you want to own.
Then with covered calls, you get paid to own them.
Finally, you can sell your shares for a profit.
So you get paid not once. Not twice. But three times!
And if you feel uncomfortable when you hear the word options - don't worry.
Because inside this book... we explain exactly how to use options the way Billionaire investors like Warren Buffett and Bill Ackman do.
If you don't have much starting capital, you can get started with just $3,000 in your account.
Even if you stated investing later in life.
There are people who started in their 50s, 60s and 70s successfully trading the wheel for extra income on the side.Whether you want to earn an extra $500, $1,000 or even $3,000+ every single month. The Wheel Strategy makes it possible
Here is just a fraction of what you'll discover inside this book
- Why George Lucas (yes, that George Lucas) is the greatest options trader of all time - Page 15
- The only method to track your returns accurately. Many people are making less money than they believe - Page 122
- The 6 criteria you should use to select stocks for The Wheel - Page 69
- The 5 best stocks for the wheel strategy in 2021 - Page 54
- The minimum amount of premium you should be collecting. Most new traders get this wrong and lose their shirt in the process - Page 107
- Which IV your stocks should be at for optimum risk/reward rate. Many people new to the Wheel Strategy get this wrong and end up losing money as a result - Page 70
- The VIX Trap - you should never write options if the VIX is above this level - Page 97
- The perfect delta level for your covered calls so you get the right balance of premium without risking your stock being called away - Page 108
- 4 real examples of potential wheel candidates - Page 81
...Plus free video tutorials for key parts of this strategy... plus 8 extra bonuses on Page 6
Even if you get stuck, you can always send us an email or reach out in our private investing community on social media - we're always happy to help with any questions you might have.
And remember... bank CD's will only pay you between 0% and 1% a year... and the dividend yield on the S&P 500 is around 2%.
But if you use what's inside this book, you have the opportunity to get much more than that.
For instance... if you put together a portfolio of three of the best Wheel Strategy stocks... you could see an average yield of 15-20% per year... just from your options income.
That's 2 to 3 times more than you'll see anywhere else!
All this from your regular brokerage account... just as easily as you buy stock.
Because if you know how to buy stocks, you can run the wheel strategy. It's that simple.
And when you receive just a single premium from one of these trades (which is paid into your account instantly) it will cover the cost of this book 10x over.
To get your copy right now, just scroll up and click add to cart
Antony nos ayuda a entender claramente los mecanismos de bitcoins y blockchains. -Rob Findlay, fundador de Next Money
El autor máaacute;s vendido en inversióoacute;n de derivados financieros, industria extractiva de recursos naturales, futuros, bancos y bancas, energÃiacute;a y minas, y polÃtica monetaria.
Hay mucha información sobre criptomonedas y blockchains, pero para un principiante, esto puede ser indescifrable. Conceptos básicos sobre bitcoins y blockchains ofrece una guÃa clara sobre carteras digitales, esta nueva moneda y la tecnologÃa revolucionaria que la impulsa.
Bitcoin, Ethereum, Altcoin, criptografÃa y otras criptomonedas. Gana entendimiento de temas relacionados a Bitcoin, precio Bitcoin, moneda Bitcoin, minerÃa Bitcoin, invertir en Bitcoin y los Bitcoins blockchains. Aprende cómo se realizan los pagos y cómo establecer el valor de las criptomonedas y de los tokens digitales.
Aprende quéeacute; es blockchain. Cómo funciona? Y por qué es importante? Conceptos básicos sobre bitcoins y blockchains da respuestas a estas preguntas y más.
Aprende sobre minerÃa de criptomonedas y criptomonedas. Conceptos básicos sobre bitcoin y blockchains ofrece una perspectiva confiable de cómo
invertir en Bitcoin y otras criptomonedas. Descubre los riesgos y las estrategias de mitigación, aprende cómo comprar Bitcoins, identificar estafas, y entender el cambio de criptomonedas, billeteras digitales, y regulaciones.
Aprende sobre:
Si has leÃdo Descubre Blockchain, Blockchain Bubble or Revolution, Bitcoin Clarity, The Bitcoin Book, y Bitcoin and Cryptocurrency Trading for Beginners, entonces vas a aprender mucho con Conceptos básicos sobre bitcoins y blockchains.
This book outlines the basic concepts of investing in oil and natural gas through financial derivative products called ETCs. In particular, the following topics are covered:
classification of financial products and general properties such as liquidity, availability, volatility, risk, derivative products, leverage
calculation of simple interest, compound interest and percentage mathematics
costs of financial products, taxes and profits
characteristics, types, risks and costs of ETCs
uses and markets of oil and natural gas
parameters affecting oil and natural gas prices such as production, consumption, stocks, geopolitical factors, speculation, correlations
portfolio management strategies
examples of investing in oil and natural gas through ETCs
Each topic is covered from a practical and operational point of view, going on to explicate significant numerical examples.
If you're looking to dive into the exciting world of algorithmic trading, then learning PineScript is an absolute must. PineScript is a powerful coding language that has been specifically designed for the popular trading platform, TradingView. With PineScript, you can create your own custom technical indicators, trading strategies, and backtesting algorithms to help you make more informed and profitable trades. Whether you're a seasoned trader or a complete beginner, mastering PineScript is an essential skill that can take your trading to the next level.
This book on PineScript can be incredibly beneficial for traders in several ways. Firstly, it can help traders to develop a deeper understanding of technical analysis, the foundation of most trading strategies. By learning PineScript, traders can create their own custom indicators and backtesting algorithms, allowing them to analyze market trends and make more informed trading decisions. Additionally, PineScript allows creating custom trading bots that can automatically generate trade alerts based on specific conditions. Moreover, PineScript is a widely used language in the trading community. By mastering PineScript, traders can join online communities, share their code with others, and learn from other traders' strategies, ultimately leading to a better understanding of the markets and potentially more profitable trades. This book on PineScript has many features that can help new coders like you. It provides a step-by-step guide to learning the language, starting with the basics and progressing to more advanced concepts. The book is written in a clear and concise manner, making it easy for readers to follow along and understand the concepts being taught. In addition, the book includes practical examples and exercises that allow readers to apply their knowledge and test their skills. These exercises are designed to reinforce the concepts covered in the book and provide readers with hands-on experience in coding with PineScript. Furthermore, the book covers a wide range of topics, including technical analysis, indicators, and trading strategies, making it a comprehensive resource for traders of all levels. It also includes tips and tricks from experienced trader, providing valuable insights. Tips to handle common errors in pinescript. While documentation for a programming language provides a detailed reference guide, books provide a more comprehensive and detailed exploration of the language, its features, and its best practices. Examples: This book provides detailed and practical examples of how to use the language in real-world scenarios, which can be helpful for programmers who want to learn by doing. Learning paths: The book provides a clear learning path for programmers, helping readers progress from beginner to advanced levels. Authoritative source: This book is written by an expert in the field and therefore provides an authoritative source of information on the language, which may be more reliable and trustworthy than online resources. Learning from experienced programmers: The book is written by experienced programmer and provides valuable insights into how to use the language effectively and efficiently. Learning from mistakes: This book highlights common mistakes and pitfalls that programmers may encounter when working with the language, helping them avoid making the same mistakes. Self-paced learning: This book allows for self-paced learning, which can be helpful for programmers who prefer to learn at their own pace or who have a busy schedule and can only dedicate limited time to learning. Reference material: This book can serve as a reference guide that programmers can refer back to when they need to refresh their memory or look up specific details.Introduction to Financial Derivatives with Python is an ideal textbook for an undergraduate course on derivatives, whether on a finance, economics, or financial mathematics programme. As well as covering all of the essential topics one would expect to be covered, the book also includes the basis of the numerical techniques most used in the financial industry, and their implementation in Python.
Features
With the internationalization of Renminbi (RMB), the gradual liberalization of China's capital account and the recent reform of the RMB pricing mechanism, the RMB exchange rate has been volatile. This book examines how we can forecast exchange rate reliably. It explains how we can do so through a new methodology for exchange rate forecasting. The book also analyzes the dynamic relationship between exchange rate and the exchange rate data decomposition and integration, the domestic economic situation, the international economic situation and the public's expectations and how these interactions would affect the exchange rate.
The book also explains why this comprehensive integrated approach is the best model for optimizing accuracy in exchange rate forecasting.
This book is written for anyone who wants to learn about options trading, regardless of their previous knowledge or experience. Whether you are a complete beginner or have dabbled in options trading before, this book will give you the tools and strategies you need to make informed decisions and achieve your financial goals.
At its core, options trading is about making educated predictions about the future direction of the stock market. By buying and selling options contracts, you can profit from market movements without having to invest large sums of money. But options trading is not a get-rich-quick scheme. It's going to take time, discipline and willingness to learn.
In The Perfect Trade, you will learn about the different types of options contracts, how to read and interpret options charts, and how to develop a trading plan that suits your individual needs and goals. You will also learn about the risks and rewards of options trading, and how to manage your trades to minimize losses and maximize profits.
The derivatives market is enormous - standing at over $500 trillion globally. Warren Buffett called them financial weapons of mass destruction. They nearly brought about the collapse of the Western financial system in 2008. They are opaque and often misunderstood.
They are also immensely powerful and useful tools in the hands of responsible investors - and key to defending money from volatility and the unexpected. In this accessible and entertaining book, veteran fund manager Stewart Cowley explains with his trademark wit and clarity: - what derivatives are