The Volatility Course
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The Volatility Course
Author: George A. Fontanills
language: en
Publisher: John Wiley & Sons
Release Date: 2002-10-11
"The Volatility Course" ist ein praktischer Wegweiser durch das Labyrinth der heutigen instabilen Märkte. In extrem schwankungsanfälligen Märkten geht es schnell mal eben in einer Woche oder an einem Tag 10% rauf oder runter. Um hier erfolgreich zu handeln, ist ein spezielles Know-How erforderlich. Dieses Buch vermittelt Aktien- und Optionshändlern genau dieses Know-How. Zunächst geben die Autoren eine fundierte Einführung in das Thema Marktvolatilität einschließlich ihrer Ursachen. Sie entwickeln eine umfassende Übersicht, aus der genau hervorgeht, wie man Schwankungen erkennt. Darüber hinaus vermitteln sie bewährte Strategien und Tools, mit deren Hilfe man die Schwankungsbreite messen und Pläne erstellen kann, die auf verschiedenste Marktbedingungen zugeschnitten sind. Das begleitende Arbeitsbuch "The Volatility Course Workbook" enthält eine Fülle von Übungsaufgaben, die den Leser Schritt für Schritt mit den erläuterten Strategien vertraut machen, bevor er sie in den Märkten praktisch umsetzt.
The Volatility Course Workbook
Author: George A. Fontanills
language: en
Publisher: John Wiley & Sons
Release Date: 2003-02-25
In The Volatility Course, renowned trader George Fontanills and his partner Tom Gentile provided stock and options traders with all the information they need to trade volatility-by arming them with an arsenal of different tools to use in any market condition. But to become a successful volatility trader, you have to know how to effectively apply this knowledge and when to utilize these tools in real-world trading situations. In The Volatility Course Workbook, Fontanills and Gentile offer a wealth of practical exercises that will help further your understanding of volatility, as well as test and apply what you've learned before you take one step into the real markets-where time and money is a luxury you cannot afford to lose. This hands-on companion to The Volatility Course includes a complete answer key and covers such essentials as implied and historical volatility, VIX and other sentiment indicators, high- and low-volatility trading strategies, volatility skews, and much more.
Volatility Trading
In Volatility Trading, Sinclair offers you a quantitative model for measuring volatility in order to gain an edge in your everyday option trading endeavors. With an accessible, straightforward approach. He guides traders through the basics of option pricing, volatility measurement, hedging, money management, and trade evaluation. In addition, Sinclair explains the often-overlooked psychological aspects of trading, revealing both how behavioral psychology can create market conditions traders can take advantage of-and how it can lead them astray. Psychological biases, he asserts, are probably the drivers behind most sources of edge available to a volatility trader. Your goal, Sinclair explains, must be clearly defined and easily expressed-if you cannot explain it in one sentence, you probably aren't completely clear about what it is. The same applies to your statistical edge. If you do not know exactly what your edge is, you shouldn't trade. He shows how, in addition to the numerical evaluation of a potential trade, you should be able to identify and evaluate the reason why implied volatility is priced where it is, that is, why an edge exists. This means it is also necessary to be on top of recent news stories, sector trends, and behavioral psychology. Finally, Sinclair underscores why trades need to be sized correctly, which means that each trade is evaluated according to its projected return and risk in the overall context of your goals. As the author concludes, while we also need to pay attention to seemingly mundane things like having good execution software, a comfortable office, and getting enough sleep, it is knowledge that is the ultimate source of edge. So, all else being equal, the trader with the greater knowledge will be the more successful. This book, and its companion CD-ROM, will provide that knowledge. The CD-ROM includes spreadsheets designed to help you forecast volatility and evaluate trades together with simulation engines.