A detailed, one-stop guide for experienced options traders Positional Option Trading: An Advanced Guide is a rigorous, professional-level guide on sophisticated techniques from professional trader and quantitative analyst Euan Sinclair. The author has over two decades of high-level option trading experience. He has written this book specifically for professional options traders who have outgrown more basic trading techniques and are searching for in-depth information suitable for advanced trading. Custom-tailored to respond to the volatile option trading environment, this expert guide stresses the importance of finding a valid edge in situations where risk is usually overwhelmed by uncertainty and unknowability. Using examples of edges such as the volatility premium, term-structure premia and earnings effects, the author shows how to find valid trading ideas and details the decision process for choosing an option structure that best exploits the advantage. Advanced topics include a quantitative approach for directionally trading options, the robustness of the Black Scholes Merton model, trade sizing for option portfolios, robust risk management and more. This book: Provides advanced trading techniques for experienced professional traders Addresses the need for in-depth, quantitative information that more general, intro-level options trading books do not provide Helps readers to master their craft and improve their performance Includes advanced risk management methods in option trading No matter the market conditions, Positional Option Trading: An Advanced Guide is an important resource for any professional or advanced options trader.

The role of poetry in the transmission and shaping of knowledge in late medieval France. Covering the period from the late thirteenth to the early sixteenth century, Poetry, Knowledge, and Community examines the role of poetry in French culture in transmitting and shaping knowledge. The volume reveals the interplay between poet, text, and audience, and explores the key dynamics of later medieval French poetry and of the communities in which it was produced. Essays in both English and French are organised into three inter-related sections, "Learned Poetry/ Poetry and Learning", "Poetry or Prose?", and "Poetic Communities", and address both canonical and less well-known French and Occitan verse literature, together with a wide range of complementary subjectareas. The international cast of contributors to the volume includes many of the best-known scholars in the field: the introductory essay is by Jacqueline Cerquiglini-Toulet (Universite de Paris IV, Sorbonne), and keynote essays are provided by David F. Hult (University of California, Berkeley), Michel Zink (College de France), and Nancy Freeman Regalado (New York University). Edited by REBECCA DIXON (University of Manchester) and FINN E. SINCLAIR (University of Cambridge), with Adrian Armstrong (University of Manchester), Sylvia Huot (University of Cambridge), and Sarah Kay (University of Princeton). CONTRIBUTORS: Suzanne Conklin Akbari, Mishtooni Bose, Jacqueline Cerquiglini-Toulet, Rebecca Dixon, Thelma Fenster, Denis Hue, David Hult, Stephanie Kamath, Deborah McGrady, Amandine Mussou, Nancy Freeman Regalado, Jennifer Saltzstein, Finn E. Sinclair, Lori J. Walters, David Wrisley, Michel Zink

An A to Z options trading guide for the new millennium "and" the new economy

Written by professional trader and quantitative analyst Euan Sinclair, "Option Trading" is a comprehensive guide to this discipline covering everything from historical background, contract types, and market structure to volatility measurement, forecasting, and hedging techniques.

This comprehensive guide presents the detail and practical information that professional option traders need, whether they're using options to hedge, manage money, arbitrage, or engage in structured finance deals. It contains information essential to anyone in this field, including option pricing and price forecasting, the Greeks, implied volatility, volatility measurement and forecasting, and specific option strategies.Explains how to break down a typical position, and repair positionsOther titles by Sinclair: "Volatility Trading"Addresses the various concerns of the profes"sional options tra"der

Option trading will continue to be an important part of the financial landscape. This book will show you how to make the most of these profitable products, no matter what the market does.

Praise for VOLATILITY TRADING

"Written by s mathematically literate trader, this concise guide is full of valuable insights -not just for volatility traders but for quantitative traders too. From Zakamouline's optimal delta-hedging approximation to Browne's optimal trade-sizing policy, there is much interesting technical material that is put to work to provide a framework for thinking clearly about practical problems such as: When should we hedge? Should we double up or cut or position? How much capital should we allocate to a trade in the first place? This book raises the discussion of quantitative trading to a new level and I strongly recommend it."--Jim Gatheral, author of "The Volatility Surface: A Practitioner's Guide"

"Euan Sinclair's "Volatility Trading" fills a neglected gap in financial literature on trading volatility with options and updates and expands on basic works with contemporary strategies, insights, and technical detail. "Volatility Trading" is uncommonly clear, examples are well chosen, and explanations are thorough without being tedious. Not since Allan J. Baird's "Option Market Making" has there been a work on volatility strategies as well written and practical. Sinclair's modern treatment is a tremendous resource for options market makers and clients alike as they inescapably take a view on volatility with each position. "Volatility Trading" is destined to become a classic and is highly recommended for students and practitioners alike."--James N. Ward, Head of High-Yield Investments, AXA Investment Managers Paris, and Professor of Finance, The American University of Paris

"I wish this book had been available when I started. I had to discover itscontents the hard way. It nicely illustrates what successful plain vanilla option trading is all about: a sound quantitative approach coupled with a few robust principles. It also should help to dispel the myth surrounding volatility trading: that is an obscure and highly complex field of phynancial voodoo that only a gifted few have the ability to understand and master.--FDAXHunter, founding member of nuclearphynance.com

"Euan Sinclair provides a unique and valuable insight into the art and science of option trading. With clarity and purpose, he demonstrates how the successful option trader judiciously selects the appropriate quantitative tools for the job-neither too rudimentary nor too complex but just right for each stage of the trading process. I strongly recommend this book to volatility traders and all options who wish to see 'behind the curtain' of option pricing."--Carl Mason, Chief U.S. Equity Derivatives Strategist, Morgan Stanley

Popular guide to options pricing and position sizing for quant traders

In this second edition of this bestselling book, Sinclair offers a quantitative model for measuring volatility in order to gain an edge in 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. This new edition includes new chapters on the dynamics of realized and implied volatilities, trading the variance premium and using options to trade special situations in equity markets.Filled with volatility models including brand new option trades for quant tradersOptions trader Euan Sinclair specializes in the design and implementation of quantitative trading strategies

"Volatility Trading, Second Edition + Website" outlines strategies for defining a true edge in the market using options to trade volatility profitably.

This is a powerful and positive story about a quest for a change in life and the extraordinary possibilities of the human spirit. "Before I wrote this book, I was diagnosed as MORBIDLY OBESE by my primary-care physician following a yearly visit. The only problem with this diagnosis was that we never discussed this issue. I knew that I was overweight, but it wasn't until I witched doctors and picked up my medical records that I saw this in writing. I saw myself in front of the mirror every day, so I knew things were bad, but it wasn't until I read those words, MORBIDLY OBESE, that the gravity of the situation sunk in." -LAURA SINCLAIR At 55, Laura Sinclair was grossly overweight; the future looked dim and dangerous. Carrying extra weight was setting her up for the possibility of developing a chronic illness--heart disease, stroke, or worse. She decided to take ownership of her life and pave a new road to optimum health and happiness. -Learn how Laura lost over 40% of her body weight and kept it off. -How she reached a level of fitness and athleticism that she thought not possible in her 50s and beyond.

This wide-ranging and provocative study focuses on the importance of the mother in the genealogical and social frameworks of the Old French and Occitan chanson de geste. The masculine dominance of these narratives of warfare and conflict is questioned, reassessed, and redefined, as the complexity and significance of the maternal character is revealed through the study of a contrasting range of epic texts, with Raoul de Cambrai providing a key focus. The study draws upon medieval theological and scientific doctrine and modern psychoanalytic and feminist theory, especially the works of Luce Irigaray, Julia Kristeva, and Jaques Lacan, to illuminate the tensions and ambiguities consistently inherent in the perception of the mother and the maternal body. Authority, continuation, violence, and death are key topics, revealing the problematic nature of gender roles and their relation to the structures of power that shape both medieval society and epic narrative.