The theoretical foundations for real options goes back to the mid 1980s and the development of a model that forms the basis for many current applications of real option theory. Over the last decade the theory has rapidly expanded and become enriched thanks to increasing research activity. Modern real option theory may be used for the valuation of entire companies as well as for particular investment projects in the presence of uncertainty. As such, the theory of real options can serve as a tool for more practically oriented decision-making providing management with strategies maximizing its capital market value. The book unfolds and examines a new framework for classifying real options from a management as well as a valuation perspective, giving the advantages and disadvantages of the real option approach. Impulse control theory and the theory of optimal stopping combined with methods of mathematical finance are used to construct arbitrarily complex real option models which can be solved numerically and yield optimal capital market strategies and values. Various examples are given demonstrating the potential of the proposed framework.
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On his hugely popular Web site Undergroundtrader.com, Jea Yu tells traders how to stand firm, trust their instincts and knowledge, and grab the day trading profits they deserve. Traders trust Yu's hard core, just-the-facts perspective to cut through the fluff, hype, and misinformation, and deliver effective trading tips and strategies on techniques, order routing, technical analysis, market maker activity, and more. Here, Yu dynamically transfers his methods for making daily, real-time recommendations to the printed page. Traders will derive instant benefit from Yu's straightforward, Web site-driven analyses including: *Vital and detailed information on the different stock markets *Techniques to profit from IPOs and Internet stocks *A day in the life of a successful electronic trader
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Praise for Stock Index Futures & Options "Everything you wanted to know about global stock indexes in one place." —Tom Basso CEO, Trendstat Capital Management "With twenty years of professional experience behind her, Susan Abbott Gidel is the perfect person to present this intricate overview of today’s futures and options markets. Included is everything a beginner needs to know to understand the world of derivatives." —Robert R. Prechter Jr. President, Elliott Wave International
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Discover how option Volatility indicates market tops/bottoms, how it tells you the best strategy to use, how it indicates whether options should be bought or sold & how it can be used to take advantage of premium "disparity" between option stock prices. Learn expert ways to exploit opition market inefficiences, how to use "neutral strategies" to trade like a "bookie" and methods that take advantage of seasonal factors in volatility. A special section explains how "gurus" like Natenbert, Najarian, Trester and others use volatility to their beneift. "Comprehensive discussions of the most important variable in option pricing-volatility- is certain to benefit both profesional and novice traders" according to Larry McMillan, Author of "Options as a Strategic Investment." This edition has all new, fully updated charts.
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Strategies to help electronic futures traders let intellect and instinct - not emotion and adrenaline - rule their trading Hot on the hells of electronic stock trading, electronic futures trading promises to be the next big wave. The Art of Electronic Futures Trading is the first comprehensive examination of the unique psychological aspects needed to successfully trade electronic futures - complete with real world feedback and pointers from actual traders! A multi-step personality test illustrates the four categories of trading style, pointing traders to the right style for their personalities. It then helps them build high-profit, personalized systems using elements that include: *A 5-step plan for successful electronic futures trading *Technical indicators to spot trending and sideways markets *How using pattern recognition can lead to more profitable, disciplined trading
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In this book, Joe Krutsinger, author of the Trading Systems Toolkit, and Larry Williams along with 13 other well-known professional traders answer direct questions about the systems they developed to beat the markets. Not mysterious "black box" systems that generate uncheckable buy and sell signals, these actual, coded systemsNwith sample resultsNare included in this book for you to try. Ready to be entered in TradeStation, these programsNand the seminar-leading expertsO adviceNwould cost you many thousands of dollars if purchased separately.
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Reflecting on the agricultural future options markets as the stable road through the often times volatile world economy, this important guide provides a basic but functional treatment of futures/options in price risk management for agricultural commodities, fully supporting material with actual data analyses to demonstrate and illustrate concepts. Offers an integrated treatment of fundamental and technical analyses of the markets, and provides extensive treatment of fundamental demand/supply analysis with data-rich examples and illustrations. Presents full coverage of technical analysis, using actual charts and prices to demonstrate concepts, and discusses the bar chart as guides to management decisions. Emphasizes interest rate, stock index, and currency futures as important to the agribusiness and multinational firm, providing a detailed study of these dimensions and sources of risk. Now updates all data-driven illustrations and examples and offers extended content, coverage, and sophistication to treatment on options.
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