Equity Derivatives Explained is a clear, concise and down-to-earth
guide to the equity derivatives business, written for traders and other
finance professionals. Designed to bridge the gap between theory and
practice by taking a risk centric approach, it focuses on the
fundamentals of why equity derivatives exist, the various strategies
deployed and the aspects that are most important to the relevant
participants.
Avoiding the typical long and complex theoretical and mathematical
approaches, in favor of a direct, simple and intuitive approach, this
introductory text offers an applied, practical and realistic approach to
understanding equity derivatives.
This book provides succinct but thorough coverage of the essentials of
equity derivatives. It starts with an introduction on stock markets'
fundamentals before opening the gate on the world of structured
products. Delta-one products and options are covered in detail,
providing readers with deep understanding of the use of equity
derivatives strategies. Equity Derivatives Explained contains most of
the traded payoffs and structures and covers all practical aspects of
pricing and hedging. For each product, payoffs are accompanied by
graphs, scenario analysis and real-life examples. The treatment of risks
is performed in a very intuitive fashion and provides the reader with a
great overview of how dealers approach such derivatives. The author also
delivers various common sensical reasons on which models to use and
when.
By discussing equity derivatives in a practical, non-mathematical and
highly intuitive setting, this book enables practitioners to fully
understand and correctly structure, price and hedge these products
effectively, and stand strong as the only book in its class to make
these equity-related concepts truly accessible.
