* Demystifies some of the more complex topics.
* Derives practical, tangible results using the theory, to help practitioners in problem solving.
* Applies the results obtained to the analysis and pricing of options in the equity, currency, commodity and interest rate markets.
* Gives the reader the analytical tools and technical jargon to understand the current technical literature available.
* Provides a user-friendly reference on option theory for practicing investors and traders.
PART I: ELEMENTS OF OPTION THEORY.
Stock Price Distribution.
Principles of Option Pricing.
The Black Scholes Model.
PART II: NUMERICAL METHODS.
The Binomial Model.
Numerical Solutions of the Black Scholes Equation.
PART III: APPLICATIONS: EXOTIC OPTIONS.
Two Asset Options.
Currency Translated Options.
Options on One Asset at Two Points in Time.
Barriers: Simple European Options.
Barriers: Advanced Options.
PART IV: STOCHASTIC THEORY.
Discrete Time Models.
Transition to Continuous Time.
Axiomatic Option Theory.
Bibliography and References.
He was formerly head of International Investment Banking at NationsBank (now Bank of America).
He has many years experience in the derivatives markets at Merrill Lynch, DKB Financial Products and Credit Agricole Lazard Financial Products, where he is currently Head of Risk Management.