This book is written for the experienced portfolio manager and
professional options traders. It is a practical guide offering how to
apply options math in a trading world that demands mathematical
measurement.
Every options trader deals with an array of calculations: beginners
learn to identify risks and opportunities using a short list of
strategies, while researchers and academics turn to advanced technical
manuals. However, almost no books exist for the experienced portfolio
managers and professional options traders who fall between these
extremes.
Michael C. Thomsett addresses this glaring gap with The Mathematics of
Options, a practical guide with actionable tools for the practical
application of options math in a world that demands quantification. It
serves as a valuable reference for advanced methods of evaluating issues
of pricing, payoff, probability, and risk. In his characteristic
approachable style, Thomsett simplifies complex hot button issues-such
as strategic payoffs, return calculations, and hedging options-that may
be mentioned in introductory texts but are often underserved. The result
is a comprehensive book that helps traders understand the mathematic
concepts of options trading so that they can improve their skills and
outcomes.