June 2012
Intermediate to advanced
272 pages
4h 37m
English
book
Profiting with Synthetic Annuities: Option Strategies to Increase Yield and Control Portfolio Risk
by Michael Lovelady
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10. Synthetic Annuities for the Volatility Market
This chapter looks at how a synthetic annuity framework can be applied to the volatility market. Being able to structure volatility positions as long-term components of a portfolio adds a powerful tool in fund management. A number of strategists have even argued that volatility—specifically, selling volatility—should be considered an asset class on its own merits, similar to equities and fixed income. But regardless of whether volatility is an actual asset class, it is interesting because it is strongly negatively correlated to equities and it is capable of producing high levels of risk-adjusted return.
These features of volatility add another dimension to risk management at the portfolio level ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.