Options and options trading: a simplified course that takes you from coin tosses to Black-Scholes 9780071432092, 0071432094

In the options market, it always comes down to you versus them. Thing is, they've been at it a lot longer than you,

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Options and options trading: a simplified course that takes you from coin tosses to Black-Scholes
 9780071432092, 0071432094

Table of contents :
Content: Preface: On Taking Risk and Blowing Up --
What a Derivative Is and What It Isn't --
Binomials and Coin Tosses --
Pascal's Triangle and the Binomial Theorem --
Distributions Are the Key --
What Are Distributions? --
Probabilities, Odds, and Payoffs --
Writing Our First Option --
Sectors, Strike Prices, and Summation Signs --
The Fair Price of an Option --
Our First Stock Option: IBM --
Statistics: The 15-Minute Cram Course --
Dow Jones versus Coin Tosses. Turning Spot Prices into Forward Prices: S x e[superscript RT] --
The Formula --
Skeleton for an Option Formula --
Getting Comfortable with the Black-Scholes Formula --
Introducing Volatility and SKIT-V --
Pros and Cons of the Black-Scholes Formula --
Trading --
A Primer on Risk and Hedging --
Option Risk: Finding It and Hedging It --
How Traders Make Money (Customers) --
How to Convert Puts and Calls: CPL.PCS --
The Best Option Strategies --
Market Insights and Edges.

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McGraw.Hill.-.Options.and.Options.Trading.-.A.Simplified.Course.that.Takes.You.from.Coin.Tosses.to.Black-Scholes.[2004]

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