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The Complete Guide to Option Pricing Formulas

The Complete Guide to Option Pricing Formulas

List Price: $55.00
Your Price: $34.65
Product Info Reviews

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Rating: 2 stars
Summary: Nice idea, but MANY errors
Review: This book is the "standard" for providing straightforward code demonstrating various options pricing techniques, and perhaps deservedly so -- after all, it really doesn't have too many competitors in that niche. However, even in the course of the fairly straightforward applications I've had for this book (mostly simple equity Cox-Ross and Black-Scholes modeling), I've been shocked by the number of blatant mathematical errors (in the formulas for rho with distinct carry and risk-free rates, for instance). Clearly, the author and editors didn't bother to spend much time verifying that the formulas they cite are actually correct. (I'm actually shocked to see a fellow reviewer praise the "proofreading" -- I'm guessing he or she never actually had to use any of the formulas in this book!)

Bottom line -- if you're looking for a handy, compact reference of option pricing formulas, this is probably what you'll end up with. But be careful. It is SO frustrating to spend hours trying to figure out where you made a mistake in implementing one of these models, only to learn that you DIDN'T make a mistake -- the mistake was in your source. Consider yourself warned...

Rating: 5 stars
Summary: THE Reference Manual
Review: To Nick from Jupiter, FL USA --

I hope you didn't buy this book to get rich quick trading options! It is a guide to option pricing FORMULAS. Not options pricing GET-RICH-QUICK-SCHEMES!

The book does what it is intended; it gives (check this, it's even in the title) The Complete Guide to Option Pricing Formulas. duh.

HH

Rating: 5 stars
Summary: Not a "Day Trader's" Guide
Review: To Nick from Jupiter, FL USA --

I hope you didn't buy this book to get rich quick trading options! It is a guide to option pricing FORMULAS. Not options pricing GET-RICH-QUICK-SCHEMES!

The book does what it is intended; it gives (check this, it's even in the title) The Complete Guide to Option Pricing Formulas. duh.

HH

Rating: 1 stars
Summary: Need More Calculus in your Life ?
Review: Unless you are a Calculus buff or must have the details of the underlying formulas for personal satisfaction or software development skip this book.

This will not help you trade better, the same way that understanding the combustion engine will not help you learn to parallel park your car.

Leave this stuff to the numerous software products on the market and learn to interpret those results in order to find good trades that make money.

Rating: 5 stars
Summary: This book has it all
Review: With explicit options formulas and VBA codes, this book is a must for all of us who are involved in option pricing.

I wish there is a second volume to this book.


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