April 2013
Beginner
336 pages
6h 40m
English
book
Visual Quantitative Finance: A New Look at Option Pricing, Risk Management, and Structured Securities
by Michael Lovelady
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Introduction to Chapters 14, “Tracking Performance,” and 15, “Covered Synthetic Annuities”
The final two chapters are supplemental material reprinted with permission from Pearson Education. These chapters originally appeared as Chapters 3 and 4 of Profiting with Synthetic Annuities: Options Strategies to Increase Yield and Control Portfolio Risk.
Profiting with Synthetic Annuities (PwSA) is about adding options to portfolios—not as trading instruments—but as integral components of investment positions. The goal of synthetic annuities is to create a hybrid architecture that balances the long-term investor perspective of traditional portfolios with the risk discipline of quantitative-based strategies.
Because synthetic annuities are designed and ...