Option Pricing Black-Scholes Made Easy A Visual Way to Understand Stock Options, Option Prices, and Stock-Market Volatility

"A joy to use. . . . [of] enormous value as a teaching tool for students, novice traders, and those who suddenly find themselves in need of a reference for option behavior."-Futures Magazine"The animation is a good one. A deep insight into the price process pops out clearly. In my next semester course BlackScholes Made Easy will be a useful tool for giving students the necessary intuitive view of the matter."-Professor Lucio Geronazzo, Mathematical Models for Financial Markets Il Dipartimento di Matematica per le Decisioni, Università degli Studi di Firenze "[S]imply the best. It makes every part of BlackScholes so understandable. I knew BlackScholes' option pricing model was important and use it every day in my trading, but never knew why or how it worked. [This] book and CDROM provided me with a clear understanding of the model, and best of all, all I needed to understand the model was a basic mathematical background and some common sense."-DongWook Kim, Futures & Options Trader Equity & Derivatives Team, Hanwha Securities Co., LtdIn 1997, the Nobel Prize in Economics was awarded for the work that led to the development of BlackScholes Options Pricing theory. BlackScholes has become the dominant way of understanding and exploiting relationships among option prices, stock forecasts, and expected stock market volatility. Now, this accessible book and CDROM tutorial provides traders, investors, and finance students with an intuitive, interactive approach to understanding and using the BlackScholes model. Integrating text and interactive computer animations and simulations that are presented in a straightforward manner, Option Pricing: BlackScholes Made Easy teaches you the fundamentals of option valuation and dramatically shortens the learning curve for mastering and applying the theory and its analytic capabilities. Here is a sophisticated way of thinking made available to those who do not have the background necessary to do Nobel Prize--winning mathematics. You will be able to understand easily and intuitively the concepts that drive the BlackScholes model. From making it easy for you to see and understand that "every financial forecast is a probability distribution" to tackling myths about options pricing, calculating options' expected returns, and providing a simple, lowrisk options strategy, Option Pricing: BlackScholes Made Easy demystifies this invaluable and profitable tool, shows you your investment odds, and teaches you how to take advantage of them.Marlow, Jerry is the author of 'Option Pricing Black-Scholes Made Easy A Visual Way to Understand Stock Options, Option Prices, and Stock-Market Volatility' with ISBN 9780471436416 and ISBN 0471436410.