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In stock, usually dispatched within 24 hours
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- Product code: 239640
- ISBN: 1905641532,
ISBN13: 9781905641536,
264 pages, hardback
Published by Harriman House on 2008
, 1st Rate this book...
Rating: 4.8/5 (5 votes cast)
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Description of Binary Options |
Binary options are the latest products to hit financial markets. From 5 minute FTSE100 bets offered by online bookmakers, longer duration FTSE100 bets traded on online betting exchanges plus binary bets offered by spreadbetting companies, all are offering the same instrument as the CBOT's binary option on the Fed Funds rate. Hitherto, the largest single marketplace for binary options has been Lloyd's of London where they are known as insurance contracts, while the sports enthusiast is unwittingly buying a binary option every time he takes a price from a sportsbook or bookmaker on this horse or that soccer team.
This book takes the same fixed odds bet and illustrates how they operate in the financial marketplace."Binary Options" initially outlines regular bets and explains the rationale defining some basic winning and losing bets. A deeper analysis follows in which the author examines how the value of a bet is dependant on the passing of time, the volatility of the underlying instrument plus the price of the underlying instrument.
More advanced bets are introduced with the reader then being shown when and how to profitably use binaries in various market conditions, followed by techniques in how to hedge the position entered into. The same format for regular bets is then followed when discussing one-touch bets.
In this first in-depth analysis of binary options, Hamish Raw has ambitiously catered for both the end-user and the market-maker. Diagrams are to be found in abundance throughout this book in order to graphically illustrate the author's points.
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Contents of Binary Options |
Introduction
Section I
1. Upbets & Downbets
2. Theta & Time Decay
3. Vega & Volatility
4. Delta & the Underlying
5. Gamma & Delta
Section II
6. Rangebets
7. EachWayBets
8. Eachway Rangebets
Section III
9. Trading Binaries
10. Hedging Binaries
Section IV
11. One-Touch UpBets & DownBets
12. No-Touch Rangebets
13. Trading & Hedging 'One/No-Touch' Bets
Bibliography
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About Hamish Raw |
Hamish Raw has twenty years' experience as an options market-maker on LIFFE, the Sydney Futures Exchange, the Chicago Board of Trade and Eurex, during which time he acted in the capacity of a 'local', i.e. someone trading with their own capital. He has mathematically modelled and developed options software which was used broadly across the floor of a number of exchanges, most notably LIFFE. Raw has an MBA where he specialised in financial engineering. He can be contacted at hamish.raw@binaryoptions.com.
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Customer Reviews of Binary Options- Quite simply a 'must read' for any financial speculator
- by daniel Smyth on 18/09/2008
- Very In depth, well thought out book by someone, who without doubt, knows his subject. Probably the best book in this space which certainly taxed my poor brain cells. Anyone seriously interested in Binary Options would gain greatly from the knowledge contained within it's pages.
- by Nicko on 18/09/2008
- A book that is precise, informative and predictive, written in an easy to understand style by the guru of binary options.
- by Footsie on 25/09/2008
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