The only complete resource addressing derivative risk With the fully updated and expanded Dynamic Hedging, Revised Edition, readers will learn the proven methodologies for monitoring and managing all the risks associated with managing portfolios containing any nonlinear security. Presenting risk from the vantage point of the option market maker and arbitrage operator, this book remolds options theory to fit the practitioner's environment. Replete with helpful tools, market anecdotes, and at--a--glance risk management rules, Dynamic Hedging, Revised Edition is a comprehensive reference to the complexities of the options market that provides clear explanations of all the various forms of risk. Nassim Nicholas Taleb (Greenwich, CT) is the founder of Empirica Capital LLC, a hedge fund operator, and a fellow at the Courant Institute of Mathematical Sciences of New York University. Dr. Taleb was inducted in February 2001 into the Derivatives Strategy Hall of Fame. He received an MBA from the Wharton School and a PhD from University Paris--Dauphine.
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