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Optimum Investment Strategy in the Power Industry
by Ryszard Bartnik Berenika Bartnik Anna Hnydiuk-StefanThis book presents an innovative methodology for identifying optimum investment strategies in the power industry. To do so, it examines results including, among others, the impact of oxy-fuel technology on CO2 emissions prices, and the specific cost of electricity production. The technical and economic analysis presented here extend the available knowledge in the field of investment optimization in energy engineering, while also enabling investors to make decisions involving its application. Individual chapters explore the potential impacts of different factors like environmental charges on costs connected with investments in the power sector, as well as discussing the available technologies for heat and power generation. The book offers a valuable resource for researchers, market analysts, decision makers, power engineers and students alike.
The Optimum Quantity of Money: A Comprehensive Presentation Of The Body Of Monetary Thought Of One Of The World's Leading Monetary Economists
by Nicholas EberstadtThis classic set of essays by Nobel Laureate and leading monetary theorist Milton Friedman presents a coherent view of the role of money, focusing on specific topics related to the empirical analysis of monetary phenomena and policy. The early chapters cover factors determining the real quantity of money held in a community and the welfare implications of policies that affect the quantity held. The following chapters formally restate why quantity analysis has become central to the science of economics. Friedman's presidential address to the American Economic Association, included here, provides a general summary of his views on the role of monetary policy, with an emphasis on its limitations and its possibilities. This theoretical framework is used in examining a number of empirical problems: the demand for money, the explanation of price changes in wartime periods, and the role of money in business cycles. These essays summarize some of the most important results of Friedman's extensive research over the course of his lifetime. The chapters on policy that follow survey the positions of earlier economists and deal with the importance of lags and the implications of destabilizing speculation in foreign markets. Taken as a whole, The Optimum Quantity of Money provides a comprehensive view of the body of monetary theory developed in leading centers of monetary analysis. This work is essential reading for economists and graduate students in the field. The volume will be no less important for practicing business and banking personnel as well. The new statement by Michael Bordo, a student of Friedman's and an expert in the field, provides a sense of where the field now stands in the economy and academy.
Optimum Size of Government Intervention: Emerging Economies and Their Challenges
by Ramesh Chandra DasThis book critically examines the optimum range and duration of government interventions in the economic activities of a modern state based on theoretical and empirical frameworks, and assesses their role and extent in various economies. With a special focus on emerging economies across the globe, it discusses themes such as income growth; social sector development; good governance and economic progress; threshold limits; optimum budget policy and economic growth; sustainable distributional managements in public projects; food for work programs; agricultural infrastructure development; technological progress and economic growth; and distributional equities. The policy suggestions provided here offer helpful blueprints for developmental projects. Rich in data and figures, the book addresses sector-specific case studies like healthcare; irrigation and agriculture; infrastructure; taxation and economic growth; and public sector enterprises. It will be an excellent read for scholars and researchers of economics, Indian economics, macroeconomics, political economy, public policy, political science and management, development studies, development economy and governance. It will also be useful to policymakers, administrative officials, and government and corporate bodies.
Opting Back In: What Really Happens When Mothers Go Back to Work
by Pamela Stone Meg LovejoyTaking a career break is a conflicted and risky decision for high-achieving professional women. Yet many do so, usually planning, even as they quit, to return to work eventually. But can they? And if so, how? In Opting Back In, Pamela Stone and Meg Lovejoy revisit women first interviewed a decade earlier in Stone’s book Opting Out? Why Women Really Quit Careers and Head Home to answer these questions. In frank and intimate accounts, women lay bare the dilemmas they face upon reentry. Most succeed but not by returning to their former high-paying, still family-inhospitable jobs. Instead, women strike out in new directions, finding personally gratifying but lower-paid jobs in the gig economy or predominantly female nonprofit sector. Opting Back In uncovers a paradox of privilege by which the very women best positioned to achieve leadership and close gender gaps use strategies to resume their careers that inadvertently reinforce gender inequality. The authors advocate gender equitable policies that will allow women—and all parents—to combine the intense demands of work and family life in the twenty-first century.
Opting Out: Losing the Potential of America's Young Black Elite
by Maya A. BeasleyWhy has the large income gap between blacks and whites persisted for decades after the passage of civil rights legislation? More specifically, why do African Americans remain substantially underrepresented in the highest-paying professions, such as science, engineering, information technology, and finance? A sophisticated study of racial disparity, Opting Out examines why some talented black undergraduates pursue lower-paying, lower-status careers despite being amply qualified for more prosperous ones. To explore these issues, Maya A. Beasley conducted in-depth interviews with black and white juniors at two of the nation’s most elite universities, one public and one private. Beasley identifies a set of complex factors behind these students’ career aspirations, including the anticipation of discrimination in particular fields; the racial composition of classes, student groups, and teaching staff; student values; and the availability of opportunities to network. Ironically, Beasley also discovers, campus policies designed to enhance the academic and career potential of black students often reduce the diversity of their choices. Shedding new light on the root causes of racial inequality, Opting Out will be essential reading for parents, educators, students, scholars, and policymakers.
Opting Out of the European Union
by Rebecca Adler-NissenEuropean integration continues to deepen despite major crises and attempts to take back sovereignty. A growing number of member states are reacting to a more constraining EU by negotiating opt-outs. This book provides the first in-depth account of how opt-outs work in practice. It examines the most controversial cases of differentiated integration: the British and Danish opt-outs from Economic and Monetary Union and European policies on borders, asylum, migration, internal security and justice. Drawing on over one hundred interviews with national representatives and EU officials, the author demonstrates how representatives manage the stigma of opting out, allowing them to influence even politically sensitive areas covered by their opt-outs. Developing a political sociology of European integration, the book shows how everyday negotiations transform national interests into European ideals. It is usually assumed that states opt out to preserve sovereignty, but Adler-Nissen argues that national opt-outs may actually reinforce the integration process.
Option B: Facing Adversity, Building Resilience, and Finding Joy
by Sheryl Sandberg Adam Grant<P>From Facebook’s COO and Wharton’s top-rated professor, the #1 New York Times best-selling authors of Lean In and Originals: a powerful, inspiring, and practical book about building resilience and moving forward after life’s inevitable setbacks. <P>After the sudden death of her husband, Sheryl Sandberg felt certain that she and her children would never feel pure joy again. “I was in ‘the void,’” she writes, “a vast emptiness that fills your heart and lungs and restricts your ability to think or even breathe.” Her friend Adam Grant, a psychologist at Wharton, told her there are concrete steps people can take to recover and rebound from life-shattering experiences. We are not born with a fixed amount of resilience. It is a muscle that everyone can build. <P>Option B combines Sheryl’s personal insights with Adam’s eye-opening research on finding strength in the face of adversity. Beginning with the gut-wrenching moment when she finds her husband, Dave Goldberg, collapsed on a gym floor, Sheryl opens up her heart—and her journal—to describe the acute grief and isolation she felt in the wake of his death. <P>But Option B goes beyond Sheryl’s loss to explore how a broad range of people have overcome hardships including illness, job loss, sexual assault, natural disasters, and the violence of war. Their stories reveal the capacity of the human spirit to persevere . . . and to rediscover joy. Resilience comes from deep within us and from support outside us. <P>Even after the most devastating events, it is possible to grow by finding deeper meaning and gaining greater appreciation in our lives. Option B illuminates how to help others in crisis, develop compassion for ourselves, raise strong children, and create resilient families, communities, and workplaces. <P>Many of these lessons can be applied to everyday struggles, allowing us to brave whatever lies ahead. Two weeks after losing her husband, Sheryl was preparing for a father-child activity. “I want Dave,” she cried. Her friend replied, “Option A is not available,” and then promised to help her make the most of Option B. We all live some form of Option B. This book will help us all make the most of it. <P><b>A New York Times Bestseller</b>
The Option of an Oil Tax to Fund Transportation and Infrastructure
by Martin Wachs Keith Crane Nicholas BurgerFederal spending on surface-transportation infrastructure outpaces federal taxes on gasoline and diesel fuel. Increasing fuel efficiency means that fuel-purchase expenditures have dropped, so real revenue generated from these taxes has declined. A percentage tax on crude oil and imported refined-petroleum products consumed in the United States could fund U.S. transportation infrastructure.
Option Pricing and Estimation of Financial Models with R
by Stefano M. IacusPresents inference and simulation of stochastic process in the field of model calibration for financial times series modelled by continuous time processes and numerical option pricing. Introduces the bases of probability theory and goes on to explain how to model financial times series with continuous models, how to calibrate them from discrete data and further covers option pricing with one or more underlying assets based on these models.Analysis and implementation of models goes beyond the standard Black and Scholes framework and includes Markov switching models, Lévy models and other models with jumps (e.g. the telegraph process); Topics other than option pricing include: volatility and covariation estimation, change point analysis, asymptotic expansion and classification of financial time series from a statistical viewpoint.The book features problems with solutions and examples. All the examples and R code are available as an additional R package, therefore all the examples can be reproduced.
Option Pricing Models and Volatility Using Excel-VBA
by Fabrice D. Rouah Gregory VainbergPraise for Option Pricing Models & Volatility Using Excel-VBA"Excel is already a great pedagogical tool for teaching option valuation and risk management. But the VBA routines in this book elevate Excel to an industrial-strength financial engineering toolbox. I have no doubt that it will become hugely successful as a reference for option traders and risk managers."--Peter Christoffersen, Associate Professor of Finance, Desautels Faculty of Management, McGill University"This book is filled with methodology and techniques on how to implement option pricing and volatility models in VBA. The book takes an in-depth look into how to implement the Heston and Heston and Nandi models and includes an entire chapter on parameter estimation, but this is just the tip of the iceberg. Everyone interested in derivatives should have this book in their personal library."--Espen Gaarder Haug, option trader, philosopher, and author of Derivatives Models on Models"I am impressed. This is an important book because it is the first book to cover the modern generation of option models, including stochastic volatility and GARCH."--Steven L. Heston, Assistant Professor of Finance, R.H. Smith School of Business, University of Maryland
Option Spread Strategies: Trading Up, Down, and Sideways Markets (Bloomberg Financial #63)
by Anthony J. SalibaSpread trading—trading complex, multi-leg structures--is the new frontier for the individual options trader. This book covers spread strategies, both of the limited-risk and unlimited-risk varieties, and how and when to use them. All eight of the multi-leg strategies are here: the covered-write, verticals, collars and reverse-collars, straddles and strangles, butterflies, calendar spreads, ratio spreads, and backspreads. Vocabulary, exercises and quizzes are included throughout the book to reinforce lessons. Saliba, Corona, and Johnson are the authors of Option Strategies for Directionless Markets.
Option Spread Trading
by Russell RhoadsA practical guide to unlocking the power of option spreads When dealing with option spreads your looking to purchase one option in conjunction with the sale of another option. If managed properly, these spreads can provide experienced investors with the potential for large returns without undertaking a great deal of risk. Option Spread Trading provides a comprehensive, yet easy-to-understand explanation of option spreads, and shows you how to select the best spread strategy for any given market outlook. Along the way, author Russell Rhoads discusses spread strategies that can be used to profit from a strong up or down directional move in a stock, a stagnant market, or a highly volatile market. He also details how you can harness the leverage of options to create a low-risk position that provides the potential for a big profit. All manner of spreads are covered, from calendar and horizontal spreads to vertical and diagonal spreads Highlights how you can monitor and adjust an existing spread position and provides tips on how to exit a spread trade Includes exercises and examples to test and reinforce your knowledge of the concepts presented Option spread trading has become increasingly popular with active traders and investors. Gain a better understanding of this powerful approach with Option Spread Trading as your guide.
Option Theory and Trading
by Ron IanieriPraise for Options Theory and Trading"I've had the pleasure of teaching with Ron Ianieri at numerous live seminars for traders and investors, and one thing is for sure-Ron knows options! Now Ron has created a thorough, easy-to-read guide that you can benefit from in many ways, whether you are experienced in options trading or just starting out. I believe you will find Options Theory and Trading like Ron himself . . . full of knowledge, entertaining, fast-paced, and a joy to be around."--Price Headley, CFA, CMT, founder of BigTrends.com"I've had the pleasure of knowing and working with Ron for many years now. When managing funds in our asset management company, Ron has always been our 'go-to guy' on anything options-related. I've also taught a number of seminars side by side with Ron over the years where I've always come home knowing more about options than when I left! The man is truly the 'pitbull' of derivatives."--Peter Reznicek, Chief Equity Strategist, www.ShadowTrader.net"What a pleasure to read Ron Ianieri's new book, Options Theory and Trading. As a market technician for the last thirty-three years I am always looking for technical moves in stocks, and I rely on Ron's expertise for the optimum options strategy needed for each specific move I perceive happening in the markets. Ron's 'in the pits' experience serves to correct the misinformation in much of the published material and classes currently available to the unsuspecting options trader."--David Steelsmith Elliott, Wallstreetteachers.com, World's #1 Market Timer, USIC"Ron's expertise in options is as high as there is and his experience is unparalleled. Ron not only knows the answer but can explain it in a '101' fashion that is simple enough for even a novice to understand. His book is written in the same fashion. Ron not only explains the 'how to's' but also the 'how and why' which other books just don't seem to do. As a day trader/swing trader by nature, I also appreciate Ron incorporating real chart examples for us directional traders. For these reasons, I would highly recommend Ron's book to anyone interested in using options."--Chris Rowe, The Trend Rider, www.tycoonresearch.com
The Option Trader Handbook: Strategies and Trade Adjustments (Wiley Trading #440)
by George Jabbour Philip H. BudwickStrategies, tools, and solutions for minimizing risk and volatility in option trading An intermediate level trading book, The Option Trader Handbook, Second Edition provides serious traders with strategies for managing and adjusting their market positions. This Second Edition features new material on implied volatility; Delta and Theta, and how these measures can be used to make better trading decisions. The book presents the art of making trade adjustments in a logical sequence, starting with long and short stock positions; moving on to basic put and call positions; and finally discussing option spreads and combinations. Covers different types of underlying positions and discusses all the possible adjustments that can be made to that position Offers important insights into more complex option spreads and combinations A timely book for today's volatile markets Intended for both stock and option traders, this book will help you improve your overall trading skills and performance.
Option Trading
by Wendy Kirkland Virginia McculloughThis book, geared specifically toward women, describes how to be a successful option trader, even if you hold down a full-time job or are a full-time stay-at-home mom. While option trading is definitely not a risk-free method of investment, for women who have a few hundred extra dollars that they want to use to break into investing, option trading can be a lucrative way to make money. This book explains what everything means and how to be an option trader in easy-to-understand, step-by-step ways that makes it great for the beginner or the more advanced investor. It is primarily focused on trading online and tells you what you need to know to better your chances of being successful.
Option Trading
by Euan SinclairAn A to Z options trading guide for the new millennium and the new economyWritten 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 TradingAddresses the various concerns of the professional options traderOption 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.
Option Trading Tactics
by Oliver L. VelezAs CEO of Velez Capital Management, and cofounder of Pristine.com, Oliver Velez has dedicated his life to spreading the message that you, too, can make a living as a trader.Traders often attend his educational seminars multiple times in order to take-in the vast amount of information this legendary trader discloses.We've found that the combination of written word and visual presentation is the best way for you to master a subject. That's why this unique DVD/Course Book package is the perfect way to maximize your trading skills. It includes a full-length DVD of Velez's famed Options Trading Seminar, as well as a Course Book, where every ounce of information from the lecture has been translated into an easy-to-read, classic textbook form. You also get access to online self tests to make sure you absorb every bit of valuable information.Master the exciting, profitable niche of options trading. With this course, you'll learn:Option Trading Tactics: See how Velez uses various strategies to maximize returns, minimize risk, hedge, and speculate.Predict Price Movement Accurately: Know what stocks may do in the upcoming days and weeks. This is they only way you will make money in options.Market Analysis Strategies: Velez will show you why technical analysis is the key to options success and how to use this knowledge to take advantage of marketplace imperfections.A New Approach to Trading Psychology and Discipline: Discover the Pristine Method of "core trading" and Velez's ground breaking explanation of how the stock market works today.Develop Your Own Strategy: Create then follow a strict trading plan-one that will allow you to play the market without burning through cash!Use Option Trading Tactics Course Book, and, within no time, you'll be a more confident and profitable options trader than you ever thought possible.
Option Volatility Trading Strategies
by Sheldon NatenbergSheldon Natenberg is one of the most sought after speakers on the topic of option trading and volatility strategies. This book takes Sheldon's non-technical, carefully crafted presentation style and applies it to a book--one that you'll study and carry around for years as your personal consultant.Learn about the most vital concepts that define options trading, concepts you'll need to analyze and trade with confidence. In this volume, Sheldon explains the difference between historical volatility, future volatility, and implied volatility. He provides real inspiration and wisdom gleaned from years of trading experience.Th is book captures the energy of the spoken message direct from the source.Learn about implied volatility and how it is calculatedGain insight into the assumptions driving an options pricing modelMaster the techniques of comparing price to valueRealize the important part that probability plays in estimatingoption prices
Optional Processes: Theory and Applications (Chapman and Hall/CRC Financial Mathematics Series)
by Mohamed Abdelghani Alexander MelnikovIt is well-known that modern stochastic calculus has been exhaustively developed under usual conditions. Despite such a well-developed theory, there is evidence to suggest that these very convenient technical conditions cannot necessarily be fulfilled in real-world applications. Optional Processes: Theory and Applications seeks to delve into the existing theory, new developments and applications of optional processes on "unusual" probability spaces. The development of stochastic calculus of optional processes marks the beginning of a new and more general form of stochastic analysis. This book aims to provide an accessible, comprehensive and up-to-date exposition of optional processes and their numerous properties. Furthermore, the book presents not only current theory of optional processes, but it also contains a spectrum of applications to stochastic differential equations, filtering theory and mathematical finance. Features Suitable for graduate students and researchers in mathematical finance, actuarial science, applied mathematics and related areas Compiles almost all essential results on the calculus of optional processes in unusual probability spaces Contains many advanced analytical results for stochastic differential equations and statistics pertaining to the calculus of optional processes Develops new methods in finance based on optional processes such as a new portfolio theory, defaultable claim pricing mechanism, etc.
Optionen in der Energiewirtschaft (essentials)
by Stephan SchnorrOptionen sind seit jeher fester Bestandteil der Finanzmärkte, finden jedoch gleichwohl zunehmend Einsatz in der Energiewirtschaft. Das vorliegende essential verschafft einen Überblick über dieses Instrument und dessen Einsatz. Dazu wird das Instrument der Option unter anderem über die resultierenden Zahlungsströme sowie darauf aufbauend Einsatzmöglichkeiten von Optionen in der Energiewirtschaft beschrieben. Den Abschluss bildet ein Ausblick auf die Bewertung dieser Instrumente. Ein theoretischer Ansatz zur Bewertung wird kurz umrissen. Aus dem theoretischen Vorgehen lassen sich einige Ansätze ableiten, die in der Praxis weit verbreitet sind und hier ebenfalls kurz vorgestellt werden.
Options: The Secret Life of Fake Steve Jobs
by Daniel LyonsWelcome to the mind—to the world—of Fake Steve Jobs. Fake Steve the counterintuitive management guru: “Obviously we can’t literally put our employees’ lives at risk. But we have to make them feel that way.” Fake Steve the celebrity hobnobber: “I like Bono. He’s the only person I know who’s more self-absorbed than I am.”
Options and Derivatives Programming in C++20: Algorithms and Programming Techniques for the Financial Industry
by Carlos OliveiraMaster the features of C++ that are frequently used to write financial software for options and derivatives, including the STL, templates, functional programming, and numerical libraries. This book also covers new features introduced in C++20 and other recent standard releases: modules, concepts, spaceship operators, and smart pointers. You will explore how-to examples covering all the major tools and concepts used to build working solutions for quantitative finance. These include advanced C++ concepts as well as the basic building libraries used by modern C++ developers, such as the STL and Boost, while also leveraging knowledge of object-oriented and template-based programming. Options and Derivatives Programming in C++ provides a great value for readers who are trying to use their current programming knowledge in order to become proficient in the style of programming used in large banks, hedge funds, and other investment institutions. The topics covered in the book are introduced in a logical and structured way and even novice programmers will be able to absorb the most important topics and competencies. This book is written with the goal of reaching readers who need a concise, algorithms-based book, providing basic information through well-targeted examples and ready-to-use solutions. You will be able to directly apply the concepts and sample code to some of the most common problems faced in the analysis of options and derivative contracts. What You Will Learn Discover how C++ is used in the development of solutions for options and derivatives trading in the financial industry Grasp the fundamental problems in options and derivatives trading Converse intelligently about credit default swaps, Forex derivatives, and more Implement valuation models and trading strategies Build pricing algorithms around the Black-Sholes model, and also using the binomial and differential equations methods Run quantitative finance algorithms using linear algebra techniques Recognize and apply the most common design patterns used in options trading Who This Book Is For Professional developers who have some experience with the C++ language and would like to leverage that knowledge into financial software development.
Options and Derivatives Programming in C++23: Algorithms and Programming Techniques for the Financial Industry
by Carlos OliveiraThis book is a hands-on guide for programmers who want to learn how C++ is used to develop solutions for options and derivatives trading in the financial industry. It explores the main algorithms and programming techniques used in implementing systems and solutions for trading options and derivatives. This updated edition will bring forward new advances in C++ software language and libraries, with a particular focus on the new C++23 standard. The book starts by covering C++ language features that are frequently used to write financial software for options and derivatives. These features include the STL (standard template library), generic templates, functional programming, and support for numerical code. Examples include additional support for lambda functions with simplified syntax, improvements in automatic type detection for templates, custom literals, modules, constant expressions, and improved initialization strategies for C++ objects. This book also provides how-to examples that cover all the major tools and concepts used to build working solutions for quantitative finance. It discusses how to create bug-free and efficient applications, leveraging the knowledge of object-oriented and template-based programming. It has two new chapters covering backtesting option strategies and processing financial data.. It introduces the topics covered in the book in a logical and structured way, with lots of examples that will bring them to life. Options and Derivatives Programming in C++23 has been written with the goal of reaching readers who are looking for a concise, algorithms-based book that provides basic information through well-targeted examples and ready to use solutions. What You Will Learn Gain insight into the fundamental challenges of the options and derivatives marketMaster the features of the C++ language used in quantitative financial programmingUnderstand quantitative finance algorithms for options and derivativesBuild pricing algorithms around the Black-Scholes model, and use binomial and differential equations methods Who This Book Is For Professional developers who have some experience with the C++ language and would like to leverage that knowledge into financial software development.