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-overl...
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.
超牛熊猫哥
上海交通大学出版社2013版
晴天lucky兜
上海交通大学出版社2013版
VegaGame
机械工业出版社2017版
0 有用 Amnesia 2014-05-08 11:21:43
新版的增加了一些内容，比第一版好//备忘，前一阵看人争论过volatility trading是否扯淡，貌似最后归结到practical market是否有markov性质，有机会瞅瞅
0 有用 Moja 2016-12-19 22:33:26
书里还是有几处错误的但是并不重要，此外不注重于纯理论所以有些地方没什么推导，但是讲道理这本书确实让我受益匪浅，我非常喜欢
0 有用 GPGP 2017-10-07 16:19:38
虽然有些章节公式多看不懂，还是学到了一些有用的信息。
0 有用 晴天lucky兜 2017-02-22 22:23:27
简洁，逻辑优美，真喜欢数学家写的书。
2 有用 谋道王二 2017-02-27 09:50:18
波动率交易是期权不同于其他金融工具最显著的特点之一，毛主席教导我们：研究任何过程，如果是存在着两个以上矛盾过程的话，就要用力找出它的主要矛盾，捉住了这个主要矛盾，一切问题就迎刃而解了！
0 有用 A 2021-04-11 11:53:17
treasure hunt
0 有用 GPGP 2017-10-07 16:19:38
虽然有些章节公式多看不懂，还是学到了一些有用的信息。
2 有用 谋道王二 2017-02-27 09:50:18
波动率交易是期权不同于其他金融工具最显著的特点之一，毛主席教导我们：研究任何过程，如果是存在着两个以上矛盾过程的话，就要用力找出它的主要矛盾，捉住了这个主要矛盾，一切问题就迎刃而解了！
0 有用 晴天lucky兜 2017-02-22 22:23:27
简洁，逻辑优美，真喜欢数学家写的书。
0 有用 Moja 2016-12-19 22:33:26
书里还是有几处错误的但是并不重要，此外不注重于纯理论所以有些地方没什么推导，但是讲道理这本书确实让我受益匪浅，我非常喜欢