Trading and Hedging with Agricultural Futures and Options

James B. Bittman

• 15 februari 2008
• 9781592803293

Samenvatting:

Diagrams of basic hedging and trading strategies ... Discussions of volatility and advanced option pricing topics ... The role of delta, gamma, theta, and vega on price movement ... Strategies and scenarios to profit from both rising and falling markets ... Trading and Hedging with Agricultural Futures and Options will help traders and hedgers understand how agricultural options work, how they can be used to pursue specific hedging and trading goals, and what are the pros and cons of using individual techniques. Clear, concise, and practical, it explains every nuance of these unique and historically profitable instruments-and is today"s most comprehensive, easy-to-understand resource for all traders, regardless of their goals and objectives. Markets in commodity futures and options first arose-and continue to exist-as tools for commodity producers and commodity processors to manage risk. Along the way, traders and speculators discovered their value as instruments for producing consistently superior gains. For both groups, however, authoritative and understandable information has been difficult, if not impossible, to find. Trading and Hedging with Agricultural Futures and Options provides the information you need to get the most benefit from your trading program. Written by James Bittman, one of today"s leading teachers and strategists on the effective use of futures and options, this long awaited book is divided into three sections: The Basics of Futures and Options—The vocabulary, mechanics, value components, and price behavior of these dynamic instruments Hedging Strategies—A five-step process illustrating fundamental strategies for both long and short hedgers, with a chapter devoted to advanced hedging strategies Trading Strategies—Explanations of how to develop realistic expectations and analyze trading alternatives, including use of the OP-EVALF computer program