Dynamic Hedging
Dynamic Hedging is a market classic and the definitive source on derivatives risk. Dynamic Hedging is the only practical reference in exotic options hedging and arbitrage for professional traders and money managers. Written by a leading options trader and derivatives risk advisor to global banks and exchanges, Nassim Nicholas Taleb provides a tactical, real-world methodology for monitoring and managing all the risks associated with portfolio management.
PRAISE FOR THE BOOK
"If pricing is a science and hedging is an art, Taleb is a virtuoso."
— Bruno Dupire, Head of Swaps and Options Research, Paribas Capital Markets
"This is not merely the best book on how options trade, it is the only book."
— Stan Jonas, Managing Director, FIMAT-Société Générale
"Dynamic Hedging bridges the gap between what the best traders know and what the best scholars can prove."
— William Margrabe, President, The William Margrabe Group, Inc.
"A tour de force. That rare find, a book of great practical and theoretical value. Taleb successfully bridges the gap between the academic and the real world. Interesting, provocative, well written. Each chapter is worth a fortune to any current or prospective derivatives trader."
— Victor Niederhoffer, Chairman, Niederhoffer Investments
ABOUT THE AUTHOR
Nassim Nicholas Taleb has over two decades of experience as a risk taker.
He has held a variety of senior derivative trading positions in New York and London and worked as an independent floor trader in Chicago.
He also spent several years as an academic researcher at New York University's School of Engineering.