--- product_id: 4025887 title: "Dynamic Hedging: Managing Vanilla and Exotic Options" price: "₱10739" currency: PHP in_stock: true reviews_count: 13 url: https://www.desertcart.ph/products/4025887-dynamic-hedging-managing-vanilla-and-exotic-options store_origin: PH region: Philippines --- # Dynamic Hedging: Managing Vanilla and Exotic Options **Price:** ₱10739 **Availability:** ✅ In Stock ## Quick Answers - **What is this?** Dynamic Hedging: Managing Vanilla and Exotic Options - **How much does it cost?** ₱10739 with free shipping - **Is it available?** Yes, in stock and ready to ship - **Where can I buy it?** [www.desertcart.ph](https://www.desertcart.ph/products/4025887-dynamic-hedging-managing-vanilla-and-exotic-options) ## Best For - Customers looking for quality international products ## Why This Product - Free international shipping included - Worldwide delivery with tracking - 15-day hassle-free returns ## Description Destined to become a market classic, Dynamic Hedging is the only practical reference in exotic options hedgingand arbitrage for professional traders and money managers Watch the professionals. From central banks to brokerages to multinationals, institutional investors are flocking to a new generation of exotic and complex options contracts and derivatives. But the promise of ever larger profits also creates the potential for catastrophic trading losses. Now more than ever, the key to trading derivatives lies in implementing preventive risk management techniques that plan for and avoid these appalling downturns. Unlike other books that offer risk management for corporate treasurers, Dynamic Hedging targets the real-world needs of professional traders and money managers. Written by a leading options trader and derivatives risk advisor to global banks and exchanges, this book provides a practical, real-world methodology for monitoring and managing all the risks associated with portfolio management. Nassim Nicholas Taleb is the founder of Empirica Capital LLC, a hedge fund operator, and a fellow at the Courant Institute of Mathematical Sciences of New York University. He has held a variety of senior derivative trading positions in New York and London and worked as an independent floor trader in Chicago. Dr. Taleb was inducted in February 2001 in the Derivatives Strategy Hall of Fame. He received an MBA from the Wharton School and a Ph.D. from University Paris-Dauphine. Review: Advanced Text on Derivatives Trading - Taleb is one arrogant dude who loves flooding his books with archaic words which were last employed in the English Language by Geoffrey Chauncer. But alas, Dynamic Hedging is a strong advanced text which goes through many nuanced topics. For example, he makes some good points on managing option greeks. Some chapters I really enjoyed which are hugely important in practice that you don't learn in any classroom: soft American options, discrete delta vs continuous delta, fungibility. Just a warning that you might have to read over sections multiple times before you digest ideas. For example, for american options, you can tend to think of the early exercise having some sensitivity to interest rates (as rates go higher, it becomes more optimal to exercise puts and less optimal to exercise calls), so in some circumstances, the early exercise provision of american option is actually an option on rates. Also, every mathematician teaches delta as a continuous derivative d[option value]/d[spot], but really what's important is to the know the delta at discrete intervals since no one hedges continuously and also since in a real options book the greek sensitivities might flip or go through extreme changes over discrete intervals. Just some great material which makes you think hard. The structure of the book jumps over the place, but mainly Taleb is focused on options, volatility, and exotics. So not exactly a good book on vanilla rates or commodities for example. This text is certainly one I keep as a reference guide on my desk. As a sign of its value, everytime I read it, I do learn something new. I rated it highly based solely on the excellent and juicy material but the writing style is really horrible. Not for beginners but a great read for anyone interested in the deep details of trading derivatives. Review: Taleb Is Fantastic Here! - Excellent! This book is about how to avoid the absorbing barrier of bankruptcy! Taleb does an excellent job of covering the practical and mathematical (in a practical way) properties of options trading. There are no recommendations about volatility spreads but you will learn more about how vol, the Greeks, and time impact your P/L than you thought possible. The most interesting things discussed were the practical uses and impacts of unexpected market shifts and the consequences to the trader (liquidity holes, huge change in pricing and the impact on the traders portfolio, the limitations of Black scholes and delta hedges... when and how to use them). I bet you have never thought about the 7th derivative of an option contract and how it affects you P/L. Taleb discusses how to deal with all of these issues and much more. Build an anti-fragile portfolio. Excellent guide on the properties of options and their impact on your portfolio! Thanks Nassim! ## Technical Specifications | Specification | Value | |---------------|-------| | Best Sellers Rank | #262,240 in Books ( See Top 100 in Books ) #58 in Financial Risk Management (Books) #94 in Options Trading (Books) #1,844 in Economics (Books) | | Customer Reviews | 4.4 out of 5 stars 184 Reviews | ## Images ![Dynamic Hedging: Managing Vanilla and Exotic Options - Image 1](https://m.media-amazon.com/images/I/61sNx+6im1L.jpg) ## Customer Reviews ### ⭐⭐⭐⭐⭐ Advanced Text on Derivatives Trading *by B***C on May 31, 2014* Taleb is one arrogant dude who loves flooding his books with archaic words which were last employed in the English Language by Geoffrey Chauncer. But alas, Dynamic Hedging is a strong advanced text which goes through many nuanced topics. For example, he makes some good points on managing option greeks. Some chapters I really enjoyed which are hugely important in practice that you don't learn in any classroom: soft American options, discrete delta vs continuous delta, fungibility. Just a warning that you might have to read over sections multiple times before you digest ideas. For example, for american options, you can tend to think of the early exercise having some sensitivity to interest rates (as rates go higher, it becomes more optimal to exercise puts and less optimal to exercise calls), so in some circumstances, the early exercise provision of american option is actually an option on rates. Also, every mathematician teaches delta as a continuous derivative d[option value]/d[spot], but really what's important is to the know the delta at discrete intervals since no one hedges continuously and also since in a real options book the greek sensitivities might flip or go through extreme changes over discrete intervals. Just some great material which makes you think hard. The structure of the book jumps over the place, but mainly Taleb is focused on options, volatility, and exotics. So not exactly a good book on vanilla rates or commodities for example. This text is certainly one I keep as a reference guide on my desk. As a sign of its value, everytime I read it, I do learn something new. I rated it highly based solely on the excellent and juicy material but the writing style is really horrible. Not for beginners but a great read for anyone interested in the deep details of trading derivatives. ### ⭐⭐⭐⭐⭐ Taleb Is Fantastic Here! *by B***Y on August 13, 2020* Excellent! This book is about how to avoid the absorbing barrier of bankruptcy! Taleb does an excellent job of covering the practical and mathematical (in a practical way) properties of options trading. There are no recommendations about volatility spreads but you will learn more about how vol, the Greeks, and time impact your P/L than you thought possible. The most interesting things discussed were the practical uses and impacts of unexpected market shifts and the consequences to the trader (liquidity holes, huge change in pricing and the impact on the traders portfolio, the limitations of Black scholes and delta hedges... when and how to use them). I bet you have never thought about the 7th derivative of an option contract and how it affects you P/L. Taleb discusses how to deal with all of these issues and much more. Build an anti-fragile portfolio. Excellent guide on the properties of options and their impact on your portfolio! Thanks Nassim! ### ⭐⭐⭐⭐⭐ Thorough *by D***K on September 14, 2009* Very academic, but extremely insightful. I would recommend this book to anyone looking to get past just the basics. This book assumes that you are already familiar with the basic options spreads (i.e., Iron Condors, Vertical Spreads, etc.) and provides many equations for creating Delta neutral hedges and managing your risk. He then identifies the short-comings of each equation. Most of his examples are accompanied by charts to help his explanations. As an intermediate trader, this book helped bring my options trading to the next level. Although it does not cover many of the derivatives that caused the collapse in 2008, such as Credit Default Swaps or Interest Rate Swaps. Overall, a very good book and I would recommend it to any beginning trader that is looking to advance. ## Frequently Bought Together - Dynamic Hedging: Managing Vanilla and Exotic Options - Option Volatility and Pricing: Advanced Trading Strategies and Techniques, 2nd Edition - Options, Futures, and Other Derivatives, Global Edition --- ## Why Shop on Desertcart? - 🛒 **Trusted by 1.3+ Million Shoppers** — Serving international shoppers since 2016 - 🌍 **Shop Globally** — Access 737+ million products across 21 categories - 💰 **No Hidden Fees** — All customs, duties, and taxes included in the price - 🔄 **15-Day Free Returns** — Hassle-free returns (30 days for PRO members) - 🔒 **Secure Payments** — Trusted payment options with buyer protection - ⭐ **TrustPilot Rated 4.5/5** — Based on 8,000+ happy customer reviews **Shop now:** [https://www.desertcart.ph/products/4025887-dynamic-hedging-managing-vanilla-and-exotic-options](https://www.desertcart.ph/products/4025887-dynamic-hedging-managing-vanilla-and-exotic-options) --- *Product available on Desertcart Philippines* *Store origin: PH* *Last updated: 2026-06-03*